What is an LLC?

Litchfield Park LLC Attorneys, AZ

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. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Limited liability has traditionally been a primary goal of many business forms, but since the legislature authorized it in Arizona, the modern LLC has become increasingly popular.

Can My Business Be Formed as an LLC?

Businesses in Arizona may organize using whatever form they choose. The office of the Secretary of State is the organization that accepts filings by those who want to open LLC's. However, there can be an additional fee required for forming your LLC, determined by Arizona 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?

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

Find a Litchfield Park Lawyer that Specializes in Your Area of Need:

LLC Attorneys and Law Firms in the Largest AZ Cities

Show Arizona Cities

How Can an Attorney Help?

Lawyers practicing business law in Arizona can advise you on whether it would be favorable for your business to form or convert to a LLC.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Arizona Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Russell (Russ) B.

Russell (Russ) B.

Van Buren, MI

Business - Transactional

Rating (1 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Rick Dane M.

Rick Dane M.

Canadian, OK

Business - Transactional

Rating (23 users) ****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Max M.

Max M.

Alleghany, VA

Business - Transactional

Rating (2 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Jessica Z.

Jessica Z.

Sauk, WI

Business - Transactional

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

Need a Business Lawyer?

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