Limited Liability Companies

A limited liability company is a hybrid between a corporation and a partnership and is fast becoming one of the most popular forms of business entities today. It carries with it many of the advantages of a corporation as well as many advantages of a partnership. A limited liability company has members, rather than shareholders, and is controlled by an operating agreement. The operating agreement establishes voting rights and control among other things. They are often easier to manage than a corporation but care must be taken to ensure that the corporation veil is not pierced to get around the limited liability nature of an LLC. This happens when members misuse the LLC and treat it as simply an extension of their personal finances. We will advise you on how to properly manage your LLC and we will help you make sure that the proper documents are filed any time you make a big decision such as buying real estate or taking on loans. We take the stress out of the process by helping you focus on your business and not the legal paperwork.