What is an LLC?

Fayette 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. For hundreds of years, limited liability has been a main goal of some business forms, but since the Alabama legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

Alabama allows a company to incorporate using the business form it chooses. To start as an LLC, a company just files the necessary form with the Secretary of State. Fees are regularly charged for opening LLC's, however, and Alabama law determines the costs for creating LLC's. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might take some time to find, choosing the right business structure for your company will lead to increased profitability.

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

A business in Fayette may change its form under certain conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Alabama laws.

Find a Fayette 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?

Whether it would be favorable for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in Alabama can give you valuable advice.

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.

Family Law Lawyer
LegalMatch Family Law Lawyer Theodore S.

Theodore S.

ADAMS, CO

Family Law

Rating (43 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
Family Law Lawyer
LegalMatch Family Law Lawyer Joel D.

Joel D.

ALLEGHENY, PA

Family Law

Rating (22 users) *****
See Reviews
Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer Merritt G.

Merritt G.

LOUDOUN, VA

Employment and Labor Law

Rating (12 users) *****
See Reviews

Need a Business Lawyer?

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