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I have practiced exclusively in the area of estate planning, estate administration, wills, trusts, and probate for thirteen years and am the founder of the Law Offices of Edward J. Smelter II located in East Brunswick, New Jersey. With a practice...
Practice areas & skills: Limited Liability Company (LLC), Probate, Wills & Living Wills, Trusts, Elder Law
Ms. Mason is a native of the Caribbeanisland of Antigua. She graduated magna cum laude from New JerseyCityUniversity with a Bachelor’s of Arts in Political Science and a minor in Pre-law and earned her Juris Doctor, cum laude, from the University ...
Practice areas & skills: Limited Liability Company (LLC), Business, Contracts & Agreements, Entertainment, Copyright Infringement
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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.