My practice practice on trusts and estate planning, probate, charitable giving and... more
My practice practice on trusts and estate planning, probate, charitable giving and tax planning for individuals and small business owners. I represent and advise businesses and individuals on a variety of tax and estate planning matters. I also advise small businesses and individuals on matters relating to business and professional entity formation & maintenance, including fiduciary duties issues.
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.