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David Thomas Eastman was born in Provo, Utah. Mr. Eastman began his college education at BYU- Hawaii where he learned a great appreciation for many different cultures from all over the world. He then spent two years in England doing volunteer wo...
Practice areas: Limited Liability Company (LLC), Business, Trusts, Elder Law, Estate Planning
Chester B. McLaughlin, JD, practices in the areas of elder, mental health and probate law. Chester B. McLaughlin is an “AV” rated lawyer with Martindale-Hubble. Based on peer review, he has been named in Best Lawyers in America and Southwest Super...
Practice areas: Limited Liability Company (LLC), Estate Planning, Health Care, Guardianship, Elder Law
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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.