Matthew Abraham is a business attorney practicing in Michigan, United States. He has... more
Matthew Abraham is a business attorney practicing in Michigan, United States. He has been practicing for 17 years developing a law practice geared toward serving the new business owner and entrepreneur. Matt has counseled on a broad spectrum of imperatives from complex mergers and acquisitions of service, manufacturing and other companies, to routine commerce and transactional law matters... view profile
Jeremy Piper is a graduate of Wayne State University Law School and Albion College.... more
Jeremy Piper is a graduate of Wayne State University Law School and Albion College. His practice areas include real estate, criminal law, small business law, and sports law. In addition to www.Landlordwiz.com [http://www.Landlordwiz.com], Jeremy has founded Universal Sports Advisors, LLC [http://www.universalsportsadvisors.com/] to facilitate professional athlete representation. Jeremy is on th... view profile
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.