Minecraft Server Corperation

I was wondering if anyone has set-up, or even thought of having their server setup as a corporation to save a bit of money, gain better legal standing, or even for any reason that is unknown to me. If you do can you tell me has it worked? Was it worth all the paper work/hiring of a lawyer? Did it cause any other changes to the server? Why did you/the person you know do it?
For anyone that doesn't know: A corporation is a independent legal entity operating under the guidance of its share...

Minecraft Server Corperation