What is an LLC?

Find the right LLC attorney in Bridgeport, CT

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. 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. 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 Connecticut that authorized its formation.

Can My Business Be Formed as an LLC?

In Connecticut, a business can be formed using the form that it chooses. Opening an LLC just 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 Connecticut there are specific laws that govern the actions of LLC?s. 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?

Businesses in Bridgeport might sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by Connecticut law.

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 Connecticut.

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Life in Bridgeport

Bridgeport, Connecticut is located on the Long Island Sound and has a growing population of nearly 145,000 people. It was incorporated as a city in 1836. As a harbor city, Bridgeport, Connecticut was initially focused on the shipbuilding industry. Today it is an ideal location for business, retail, and economic development.

Bridgeport is known for being a city of "firsts". For example, it is often called the "birthplace of the Frisbee" and is home to the first Subway Restaurant. Its unique location still contributes to the growth and prosperity of the city. Bridgeport's downtown area is an excellent spot for fine dining, sports events, and theater acts, particularly at the Arena at Harboryard.

In addition, Bridgeport, Connecticut hosts a number of annual culture events. Residents and tourists enjoy visiting such attractions as the Housatonic Museum of Art, and Captain's Cove Seaport. The city's atmosphere still reflects its history as a major harbor and port center.

Lawyers in Bridgeport, Connecticut offer services in a broad range of legal fields. Many Bridgepoint lawyers belong to legal organizations such as the Greater Bridgeport Bar Association.

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