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Review: “I have known Phil for more than 10 years now. His professionalism, knowledge and character makes him very referrable. Phil has handled all my referrals in a very professional manner and I have satisified clients, family...
Practice areas & skills: Limited Liability Company (LLC), Estate Planning, Wills & Living Wills, Elder Law, Trusts
Review: “Ed has assisted us many times with various issues in our lives. He is very knowledgeable about the law and does not waste time in moving things along. He is upfront and honest. He always returns our calls promptly and h...
Practice areas & skills: Limited Liability Company (LLC), Probate, Residential, Wills & Living Wills, Business
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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.