Review: “I have worked with Kevin and his staff on several acquisitions over the last few years and have been very pleased with their services and attention to detail. ”
Practice areas & skills: Limited Liability Company (LLC), Business, Contracts & Agreements, Corporate & Incorporation, Real Estate
Kelsey Baird joined Hull & Chandler, P.A., as an Associate Attorney in 2013. She counsels her clients on a wide range of civil litigation and transactional matters. Ms. Baird handles general civil litigation matters, business disputes, business st...
Practice areas & skills: Limited Liability Company (LLC), Business, Litigation, Lawsuits & Disputes, Corporate & Incorporation
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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.