What is an LLC?

Find the right LLC attorney in North Port, 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. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Florida since the legislature enacted laws authorizing its formation.

Can My Business Be Formed as an LLC?

Florida allows a company to incorporate using the business form it chooses. To begin as an LLC, a company simply files the necessary form with the Secretary of State. There may be a fee required for opening your LLC, however. Applicable Florida laws govern the formation of LLC's and their actions. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it may 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?

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

How Can an Attorney Help?

Whether it would be advantageous for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in Florida can give you valuable advice.

Talk to a Business Law Attorney now!

Life in North Port

North Port is a very small city located in the Sarasota County of Florida. It was first developed by the General Development Corporation as a part of its Port Charlotte development. Later, the city came under the name North Port. North Port is located between Tampa and Fort Myers.

Some popular attractions of North Point are the Heron Creek Golf Country Club, and Bobcat Trail Golf Country Club. North Port is also filled with many naturist spots. Therefore there are many walking, hiking, and bike trails. Essentially it is a nature lover's dream.

North Point is very small. Therefore there are a few small law offices with excellent attorneys.

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