P. MICHAEL NAGLE Mr. Nagle is a principal of Nagle & Zaller, P.C., a Columbia, Maryland law firm representing business, individual and community association clients in Maryland and the District of Columbia. He obtained his Juris Doc...
Practice areas & skills: Corporate & Incorporation, Debt Collection, Business, Contracts & Agreements, Litigation
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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.