What is an LLC?

Find the right LLC attorney in Torrington, CT

The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits of several other traditional structures. An LLC has the same benefit of limited liability that a corporation does, but without being taxed as its own entity. Instead, it's taxed more similarly to a sole proprietorship or partnership. An LLC can also have an endless amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. Different forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Connecticut, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

Businesses in Connecticut 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, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Connecticut law. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might take some effort to find, but finding the right business form can reward you with increased profitability.

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

Under certain conditions, a business in Torrington may change its form. Eligibility for conversion to a LLC is determined 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.

Talk to a Business Law Attorney now!

Life in Torrington

Torrington is a city in Connecticut with a population of about 36,000 people. It is the largest city in the County of Litchfield. Located along the Naugatuck River, Torrington was formerly a mill town like other cities in the area.

One of Torrington's main features is its dedication to the arts and culture. The city is home to the Nutmeg Conservatory for the Arts, which is a ballet and performance organization. Many productions are held at the Warner Theatre, which is a performing arts venue with a capacity of 1,700.

In recent Torrington news, the city is planning a comprehensive redevelopment of its downtown Main Street area. The project includes plans to restore the historic Coe Memorial Park and its beautiful gardens. Additionally, Torrington plans to expand its retail district in order to attract more merchants, residential sites, and business offices. The development project has already completed some new additions to the city such as the Torrington Fair shopping complex, which showcases a variety of stores and restaurants.

Torrington Lawyers usually spend most of their time at the Litchfield Judicial District Superior Court. Lawyers in Torrington, Connecticut are also playing a major role in the city's renovation projects.

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