What is an LLC?

Find the right LLC attorney in West Covina, CA

The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits of several other traditional structures. Like a sole proprietorship or partnership, an LLC is not taxed as its own entity. However, it still has the benefit of limited liability, the same as a corporation. 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. For hundreds of years, limited liability has been a main goal of some business forms, but since the California legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

A business in California 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 California 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 West Covina may change its form under particular conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable California laws.

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 California.

Talk to a Business Law Attorney now!

Life in West Covina

West Covina, California is a city in Los Angeles County, California. It has a population of about 106,000 people.

West Covina, California was incorporated in 1923, mainly to prevent the city of Covina from building a sewage treatment plant on the land West Covina now occupies. Modernly, West Covina, California is largely a bedroom community, with many of its residents commuting to Los Angeles and other larger nearby cities for their jobs. This is common practice among middle-class professionals, such as attorneys.

These professionals and attorneys are drawn to West Covina in part because of its large country club, known as South Hills.

If you live in West Covina, California and need legal help, there's almost certainly a West Covina attorney who can help. West Covina, California lawyers are skilled in a wide range of legal practice areas, and can probably advise you on whatever legal issue you're facing.

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