Review: “I was referred to Don Camp to help me with the Oil & Gas interests for my Mother's Estate. I am executor and I am very unfamiliar with the oil & gas industry. In addition, my Mother had Alzheimer's, so ...
Practice areas & skills: Limited Liability Company (LLC), Administrative Law, Real Estate, Environmental and Natural Resources, Debt Collection
Review: “She is a wealth of information. She gave me free legal advice & gave me her honest opinion about my situation. If it turns out I will need an attorney to file a lawsuit, I will hire her without question.”
Practice areas & skills: Limited Liability Company (LLC), Insurance, Business, Commercial, Contracts & Agreements
Get the legal help you need at a fixed price. No hidden fees or long-term commitment.
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.