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Eric focuses his practice on business, corporate and securities law matters, together with commercial real estate, and other financial transactions. Eric provides a broad range of legal services to individuals and businesses including corporate f...
Practice areas & skills: Limited Liability Company (LLC), Commercial, Business, Corporate & Incorporation, Securities Offerings
Review: “Steven D Farer has represented me for the past 9 years. I was referred to him by another attorney who was confident in his knowledge of involved real estate litigation. Mr. Farer was in constant communication with me, a...
Practice areas & skills: Limited Liability Company (LLC), Residential, Commercial, Litigation, 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.