What is an LLC?

Gulf Shores 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?

In Alabama, a business can be formed using the form that it chooses. Opening an LLC just requires that the business founders file a form with the Secretary of State. Fees are frequently charged for opening LLC's, however, and Alabama law determines the costs for creating 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?

A business in Gulf Shores 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 Gulf Shores Lawyer that Specializes in Your Area of Need:

2 Business - Transactional cases posted to LegalMatch lawyers in Gulf Shores

LLC Attorneys and Law Firms in the Largest AL Cities

Show Alabama Cities

How Can an Attorney Help?

Attorneys experienced in Alabama business law can give you valuable input on whether your business would be more profitable as 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.

Family Law Lawyer
LegalMatch Family Law Lawyer Alan R.

Alan R.

JOHNSON, KS

Family Law

Rating (26 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Steve D.

Steve D.

SNOHOMISH, WA

Family Law

Rating (6 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Gregory A.

Gregory A.

MONTGOMERY, MD

Family Law

Rating (17 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Julian C.

Julian C.

Los Angeles West, CA

Business - Transactional

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

Need a Business Lawyer?

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