Decatur LLC Lawyers — 2 found

Lawyers with

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  1. Decatur Limited Liability Company (LLC) Lawyer John Edward Sanner

    John Sanner

    Decatur, IL Limited Liability Company (LLC) Lawyer
    Licensed for 31 years
    Not yet reviewed


  2. Decatur Limited Liability Company (LLC) Lawyer Andrew Philip Chiligiris

    Andrew Chiligiris

    Hello, my practice is concentrated in Real Estate contracts, transactions and development, Corporation and LLC formation and liability protection. I have owned Macon County Title, LLC... more
    Licensed for 19 years
    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.