Arlington Heights LLC Lawyers — 2 found

Lawyers with

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1.0 to 10.0

  1. Arlington Heights Limited Liability Company (LLC) Lawyer James David Voigt

    James Voigt

    Often, the legal profession forgets that it is a service industry. This is especially true for small business owners who often feel left out as attorneys pursue larger clients. I... more
    Licensed for 9 years - $275/hour


  2. Arlington Heights Limited Liability Company (LLC) Lawyer Robert Arnold Sternberg

    Robert Sternberg

    Buffalo Grove, IL Limited Liability Company (LLC) Lawyer
    Licensed for 43 years - $365/hour
    Not yet reviewed


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.