I grew up in Bluefield, West Virginia and was valedictorian of the Bluefield High... more
I grew up in Bluefield, West Virginia and was valedictorian of the Bluefield High School Class of 1989. I enjoyed seven great years in Charlottesville, Virginia earning a bachelor's degree and law degree at the University of Virginia. Living and practicing law in Richmond, Virginia (RVA) since 1996, I have strived to be active in the community through organizations such as the Greater Richmon... view profile
John L. Lumpkins, Jr.represents clients in estate and trust administration and... more
John L. Lumpkins, Jr.represents clients in estate and trust administration and related litigation; business formation, acquisition and sales; business-related litigation; bankruptcy; and real estate transactions and litigation. John was born in Richmond, Virginia and grew up in a town just northeast of Richmond, Mechanicsville. He graduated from Benedictine High School, and then earned a ba... 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 Ridge, VA