What is an LLC?

Prichard LLC Attorneys, AL

Find the Right Lawyer Now

The Limited Liability Company, or LLC, is a legal form of business organization that offers the advantages of several other traditional structures. An LLC enjoys the same type 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, can also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Various 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 required is filing the appropriate form with the Secretary of State. There may be a fee required for opening your LLC, however. Applicable Alabama laws govern the formation of LLC's and their actions. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it may 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?

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

Find a Prichard 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?

A lawyer versed in Alabama business law will be able to advise you of the benefits and costs for forming and maintaining 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 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.

Mobile, AL

General Practice

Rating (4 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Sid H.

Sid H.

Marion, AL

Family Law

Rating (17 users) ****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Paul S.

Paul S.

Dekalb, AL

General Practice

Rating (1 users) *****
See Reviews

Need a Business Lawyer?

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