Eden Prairie LLC Attorneys — 2 found

Lawyers with

Avvo Rating

1.0 to 10.0

  1. Eden Prairie Limited Liability Company (LLC) Lawyer Marshall Seth Lichty

    Marshall Lichty

    Marshall cut his lawyer teeth as a litigator in a big law firm. He has done battle in multi-million dollar commercial and personal lawsuits, represented huge companies (and sued them),... more
    Licensed for 13 years - $200-$250/hour


  2. Eden Prairie Limited Liability Company (LLC) Lawyer Lucas John Frasz

    Lucas Frasz

    Minneapolis, MN Limited Liability Company (LLC) Lawyer
    Licensed for 5 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.