Our personalized consultation and direction will help you create a legal and effective LLC to help you in your present and future business endeavors. LLC’s are an effective tool for business planning, tax planning, and estate planning. Proper legal advice and guidance prior to and through the creation period of your LLC is of utmost importance.
Simply stated, a limited liability company (LLC) is a company, statutorily authorized in certain states, that is characterized by limited liability, management by members or managers, and limitations on ownership transfers.
The primary purpose of the limited liability company (LLC) is to provide insulation and protection from personal liability in business ventures without the formal requirements of customary corporate structures and, at the same time, provide tax treatment as a partnership, thus eliminating one layer of corporate taxation and reporting.
The type of limited liability company (LLC) depends entirely upon the nature of the business which is being conducted under the name and form of the limited liability company (LLC).
Members may be individuals or other groups of business venturers.
LLC’s & YOU
When would YOU need a limited liability company (LLC)?
No matter what the number (one to many), so long as there is the spectre of personal liability arising from the nature of the business endeavor, the limited liability company (LLC) is an attractive, simple alternative to normal and accepted corporate structure.