What is an LLC?

Albertville 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?

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. However, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Alabama law. 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 Albertville 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 Albertville Lawyer that Specializes in Your Area of Need:

1 Business - Transactional cases posted to LegalMatch lawyers in Albertville

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.

General Practice Lawyer
LegalMatch General Practice Lawyer Paul S.

Paul S.

MARSHALL, AL

General Practice

Rating (1 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Scott J.

Scott J.

SHELBY, AL

Family Law

Rating (4 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer John (J.D.) H.

John (J.D.) H.

MOBILE, AL

Family Law

Rating (1 users) **
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Jesse H.

Jesse H.

MONTGOMERY, AL

General Practice

Rating (4 users) *****
See Reviews

Need a Business Lawyer?

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