What is an LLC?

Childersburg LLC Attorneys, AL

Find the Right Lawyer Now

The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits of several other traditional structures. An LLC enjoys the same form of limited liability as a corporation, but like the sole proprietorship and partnership, it is not taxed as its own entity. Like a corporation, the LLC can also have an endless amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. Many business forms have traditionally been aimed at the goal of limited liability, but the LLC is the most modern of these forms, having become popular since the enactment of laws in Alabama that authorized its formation.

Can My Business Be Formed as an LLC?

The right business form is a decision left up to each business that openes in Alabama. An LLC is started just by filing the appropriate form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Alabama there are specific laws that govern the actions of LLC?s. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company may lead to increased profits, but the process may take some time.

Can I Change the Form of My Business to an LLC?

Businesses in Childersburg may change their forms in certain circumstances. Whether a business may convert to a LLC or not is determined by Alabama law.

Find a Childersburg Lawyer that Specializes in Your Area of Need:

LLC Attorneys and Law Firms in the Largest AL Cities

Show Alabama Cities

How Can an Attorney Help?

Lawyers practicing business law in Alabama can advise you on whether it would be favorable for your business to form or convert to a LLC.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Alabama Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Criminal Law Lawyer
LegalMatch Criminal Law Lawyer Mark M.

Mark M.

STEARNS, MN

Criminal Law

Rating (20 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Theodore S.

Theodore S.

ADAMS, CO

Family Law

Rating (43 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Joel D.

Joel D.

ALLEGHENY, PA

Family Law

Rating (22 users) *****
See Reviews
Business - Litigation Lawyer
LegalMatch Business - Litigation Lawyer David A.

David A.

Los Angeles West, CA

Business - Litigation

Rating (15 users) *****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: