Benjamin Flavin began his community and economic development career at early age when he joined a Northern Maine 4-H Chapter where he learned the fundamentals of project management,... more
Benjamin Flavin began his community and economic development career at early age when he joined a Northern Maine 4-H Chapter where he learned the fundamentals of project management, project accounting and community outreach.Benjamin translated this experience several years later as a Peace Corps Volunteer in Senegal West Africa, where he was introduced to community development as an exchange of... 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.
Limited Liability Company (LLC) Lawyers in cities near New York, NY