Formation of Limited Liability Company
Sophisticated Business Legal Advice ? Limited Liability Company Lawyers
We can take the confusion out of choosing the proper legal entity for your business. We have helped clients all over Virginia, Maryland and Washington D.C. ensure that their business formation and operation is designed to maximize their business growth and profitability.
The Advantages of a Limited Liability Company
Some advantages to this structure include:
Owners of a LLC have the personal liability protection of shareholders in a corporation. As a member of a limited liability company, you cannot be held personally liable for the debts of the LLC unless you have signed a personal guarantee.
As in a partnership, all of the losses, profits, and expenses of the business may flow through the company to the individual members. You can avoid the double taxation of corporations.
The profits of the LLC can be distributed in various ways because of the flexibility of the structure.
The members do not need to hold meetings or keep formal minutes or record resolutions like corporations.
Hire A Business Attorney
Setting up any business entity, including a limited liability company, requires filing articles of organization, drafting an operating agreement, acquiring an EIN number, providing for ongoing management of member duties and preparing other business formation documentation and contractual agreements.We strive to provide our client?s starting their business with an easier and stress free experience.
We have helped and continue to help Virginia, Maryland and Washington D.C. residents become business owners.
When you are starting up a new business in Virginia, Washington D.C. or Maryland, our experienced limited liability company business formation attorneys can help you establish your business on a firm foundation.