What is an LLC?

Pell City 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. LLC's, like corporations, may also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Different forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Alabama, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

A business in Alabama can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is necessary is filing the appropriate form with the Secretary of State. However, there can be an additional fee required for forming your LLC, determined by Alabama laws that govern the formation and actions of 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 Pell City 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 Pell City Lawyer that Specializes in Your Area of Need:

1 Business - Transactional cases posted to LegalMatch lawyers in Pell City

LLC Attorneys and Law Firms in the Largest AL Cities

Show Alabama Cities

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local lawyers practicing business law in Alabama.

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.

Employment and Labor Law Lawyer
LegalMatch Employment and Labor Law Lawyer Tom M.

Tom M.

Los Angeles West, CA

Employment and Labor Law

Rating (12 users) ****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Alan R.

Alan R.

JOHNSON, KS

Family Law

Rating (26 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
Family Law Lawyer
LegalMatch Family Law Lawyer Gregory A.

Gregory A.

MONTGOMERY, MD

Family Law

Rating (17 users) *****
See Reviews

Need a Business Lawyer?

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