What is an LLC?

South Tucson LLC Attorneys, AZ

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. Also like corporations, LLC's can 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. Many business forms have historically 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 Arizona that authorized its formation.

Can My Business Be Formed as an LLC?

In Arizona, a business can be formed using the form that it chooses. Opening an LLC simply requires that the business founders file a form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Arizona there are particular laws that govern the actions of LLC?s. Applicable laws are a primary consideration in the decision of whether to organize as an LLC. The right business structure for your company may be difficult to find, but different structures can end up saving your company a lot of money.

Can I Change the Form of My Business to an LLC?

Changing business forms in South Tucson can be done if a company's situation meets specific conditions. Conversion to a LLC is possible if Arizona law permits it in your situation.

Find a South Tucson 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?

Attorneys 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

Need a Business Lawyer?

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