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Review: “We hired Adam to assist us with starting our new business. Adam met with us to help us understand the types of corporations and what worked best for us. He worked with us on our operating agreement and walked us through t...
Practice areas: Limited Liability Company (LLC), Intellectual Property, Government Contracts, Contracts & Agreements, Corporate & Incorporation
Brian Alexander represents businesses and individuals in technology, corporate and real-estate law matters. He has represented clients in intellectual property, environmental, zoning and litigation matters before state and federal administrative a...
Practice areas: Limited Liability Company (LLC), Intellectual Property, Business, Contracts & Agreements, Construction & Development
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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.