What is an LLC?

Find the right LLC attorney in Lagrange, GA

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. 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. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Georgia since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

A business in Georgia 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, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Georgia 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 may lead to increased profits, but the process may take some time.

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

A business in Lagrange may change its form under specific conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Georgia 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 Georgia.

Talk to a Business Law Attorney now!

Life in Lagrange

LaGrange, Georgia is a town located in Troup County, Georgia.

It currently has a population of about 25,000 people. Settlement of the area now known as LaGrange began in the early 1800s, and got its name from Colonel Oscar LaGrange, an Union officer during the American Civil War, who defied the "scorched earth" strategy of some Union commanders, and spared the homes of many residents of the area.

After the war, LaGrange became an important transportation hub, with several rail lines converging in the town. It also became a major center for the textile industry, like many Southern cities in the 19th and 20th centuries. However, by the mid-20th Century, this industry had begun to decline significantly.

Currently, thanks to the convergence of several national highways in LaGrange, the city remains a transportation hub, with many large companies, such as Wal-Mart, having set up distribution centers in the area.

If you live in LaGrange, Georgia or the surrounding areas, you can probably find a good LaGrange, Georgia attorney who can handle your case. LaGrange, Georgia attorneys are ready to help.

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