Review: “I had a somewhat general question regarding how to proceed with an inactive LLC I opened years ago. It was the type of question where I needed to be pointed in the right direction, including whether or not I should hire a...
Practice areas & skills: Limited Liability Company (LLC), Contracts & Agreements, Corporate & Incorporation, Business, Litigation
Jessica B. Coffield joined Murphy, Campbell, Alliston & Quinn as an associate attorney in 2014. Her practice focuses on general civil litigation with an emphasis on business and real estate litigation. In addition to her litigation practice, Ms. C...
Practice areas & skills: Limited Liability Company (LLC), Litigation, Business, Corporate & Incorporation, Real Estate
Review: “We seemed stuck AND needed help with an immigration issue getting an IR1 visa for my wife & son from Thailand. She helped us to resolve our issue expeditously and inexpensively. To follow up we needed help with a...
Practice areas & skills: Limited Liability Company (LLC), Chapter 7 Bankruptcy, Estate Planning, Wills & Living Wills, Trademark Application
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Practice areas & skills: Business, Litigation, Corporate & Incorporation, Contracts & Agreements, Bankruptcy & Debt
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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.