Michelle P. Quinn is a partner in the Corporate/Business Entity Counseling practice group of Berger Harris. Her practice focuses primarily on rendering advice as to matters of Delaware law relating to partnerships and limited liability companies....
Practice areas & skills: Corporate & Incorporation, Limited Liability Company (LLC), Partnership, Contracts & Agreements, Business
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A corporation is a formal way to organize your business to gain rights and privileges, and to limit your personal liability. There may be tax and financial advantages to incorporation, but it can also increase your business licensing fees and decrease the amount of personal control you have in running your business. There are many legal consequences to incorporation, so it's a good idea to consult an attorney specializing in corporate law. A corporate attorney also represents shareholders unhappy with the actions of a corporation.