Interrogatory: Why Did You Choose Your Firm's Corporate Designation?
The Daily Record (Baltimore) › February 12, 2008
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Summary
"Professional Association was a preferred manner of having lawyers associate with each other [when the firm was founded in 1906]. That was one of the authorized [ways] to associate rather than a straight partnership. ... It wasn't until later that limited liability corporations came into being, and we just never changed our charter over to that. The limited liability corporation may be a preferable way of associating but we never made that change. ... We probably stuck with it due to inertia. I think there are certain better features for an LLC ... but frankly, I don't know what they are. ... We may look at it, but it's not on the immediate agenda."
- John J. Boyd, shareholder, Lord & Whip P.A., BaltimoreSee the full content of this document
Extract
Interrogatory: Why Did You Choose Your Firm's Corporate Designation?
"It really depends on what advantages you're looking for as a law firm. Are you looking for certain tax advantages -- and to some degree we all...
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