The primary benefit in forming a corporation is the liability protection offered to the owners of the corporation. This liability protection is provided through the laws in place in the State of Maryland. In order to ensure that liability protection is fully enforceable to the extent permitted under law, it is important for corporations to comply with the requirements of corporations established under those laws. Some of these formalities include keeping minutes, having written Bylaws, and holding annual meetings of shareholders and/or directors. Failure to comply with the formalities associated with corporate ownership and operation creates a risk of loss of liability protection.
For more information, please call 443-393-7696 or complete the form below.