Complete Maryland Incorporation packages by a Maryland Attorney online
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Complete Maryland Incorporation packages by a Maryland Attorney online
A Maryland Corporation created by a Maryland Attorney is a very good tool in business namely for its ability to limit the liability of its owners. In a typical corporation, the shareholders or the owners are only liable up to their investment in the corporation. Thus, if there is any major lawsuit against the company the shareholders will not be personally liable for the liability. This is primarily the most important function that a Maryland corporation serves. In addition to that, a corporation can act as its own entity meaning that it can own real estate, obtain credit, and act as party in business transactions. A typical Maryland corporation is controlled and managed by the board of directors. In turn the board of directors appoint officers who run the day-to-day operations of the business and report directly to the board directors.