What is an LLC?

Find the right LLC attorney in Lakeland, FL

The Limited Liability Company, or LLC, is a legal form of business organization that offers the advantages of several other traditional structures. An LLC has the same advantage 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. Like a corporation, the LLC can also have an unlimited amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Florida, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

In Florida, 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, fees are often required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Florida law. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company can lead to increased profits, but the process may take some time.

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

Businesses in Lakeland may change their forms in particular circumstances. Whether a business may convert to a LLC or not is determined by Florida law.

How Can an Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Lakeland

Lakeland is located in Polk County, Florida. It is between the popular cities of Tampa and Orlando alongside Interstate 4.

The economy of Lakeland prospers from the citrus, cattle, and phosphate mining industries. The largest employer is Publix Supermarkets. Other top employers include FedEx Freight FedEx Services, Saddle Creek Corporation, GEICO, Summit Consulting, and Rooms To Go.

Lakeland is a place filled with history. Some popular historic attractions are Dixieland, Biltmore-Cumberland, Beacon Hill-Alta Vista, and Munn Park.

Being so near Tampa and Orlando, Lakeland residents can take their complex legal programs to the mid to large size firms located in these two large cities. For any small legal issues, Lakeland is filled with small law offices that are owned by excellent, competent attorneys.

Overall, Lakeland is a wonderful area to live in. It has the small town feel but is surrounded by two of Florida's largest, metropolitan cities. Lakeland residents have the best of both worlds!

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