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Eric Amstutz concentrates his practice in advising businesses; the negotiation, drafting and analysis of complex agreements, including business mergers, acquisitions, dispositions, joint ventures and spin-offs; board governance issues, including f...
Practice areas: Limited Liability Company (LLC), Contracts & Agreements, Corporate & Incorporation, Business, Securities & Investment Fraud
I've been an attorney South Carolina attorney since 1995, but I grew up working in my family's businesses and started two businesses before I turned 23. I've also owned and operated businesses during breaks from practicing law. Business has always...
Practice areas: Limited Liability Company (LLC), Franchising, Contracts & Agreements, Business, 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.