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Mr. Attea is engaged in securities and corporate practice with emphasis on mergers and acquisitions, securities law, corporate governance and legal compliance programs. He also concentrates in executive employment agreements and compensation plans...
Practice areas & skills: Limited Liability Company (LLC), Securities Offerings, Corporate & Incorporation, Contracts & Agreements, International Law
Matthew Pelkey is a partner with Colligan Law LLP--a law firm focsued on providing legal services to entrepreneurs and cutting-edge business. Matthew's practice relates primarily to counseling startups, entrepreneurs and businesses on entity struc...
Practice areas & skills: Limited Liability Company (LLC), Mergers & Acquisitions, Securities Offerings, Commercial, Litigation
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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.