P. David Tarter is an accomplished real estate and business law attorney with over twenty years of experience with a focus on Commercial and Residential Real Estate, Business Law,... more
P. David Tarter is an accomplished real estate and business law attorney with over twenty years of experience with a focus on Commercial and Residential Real Estate, Business Law, Transactions, Land Development, and Land Use. He has recieved an "AV" (Preeminent) rating, the highest available from Martindale-Hubbell. This rating is the result of a confidential peer review and is based upon the ... 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.