A corporation that is treated as a separate legal entity has its own rights and liabilities and enters into contracts in its own name. It can declare bankruptcy, amass debt, and hire employees. This does not impute legal liability to the corporation’s shareholders for any debts or actions taken by the company.

As a founder, it is very normal to get attached to your product especially if it’s your first ‘baby’. You put in a lot of time, mental and financial labour into it to get it working. People noticed and yes! you are finally making profit and getting the recognition you craved.

So what now?