North Bay Village LLC Attorneys — 1 found

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  1. North Bay Village Limited Liability Company (LLC) Lawyer Barry A. Nelson

    Barry A. Nelson, previously partner in charge of the Miami Tax Department of a 200+ Lawyer National Firm and the 2015 Miami Trusts and Estates “Lawyer of the Year” as named by Best... more
    Licensed for 34 years - $150-$650/hour
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North Bay Village LLC lawyers

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North Bay Village, FL

Limited Liability Company (LLC)

Creating a limited liability company, or LLC, is one of several ways to structure a business. The other choices are general, limited, or limited liability partnerships. A shareholder in an LLC is not personally liable for any of the debts of the company, other than for the money they invested in that company. In a general partnership, all partners manage the business and are personally liable for its debts. In limited partnerships, partners' liability is limited and they have no voice in the decision-making. And in a limited liability partnership (LLP), all partners have some degree of limited liability. A lawyer with LLC experience can help you determine if forming an LLC is advantageous and appropriate for your business. If you decide to form an LLC, the attorney can draft the paperwork you need to formalize your choice, including provisions for management, ownership transfers, and profit and loss distributions.