What is an LLC?

Find the right LLC attorney in Belleville, IL

The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits of several other traditional structures. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is viewed more like a sole proprietorship or partnership for tax purposes. LLC's, like corporations, may also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Illinois since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

A business in Illinois 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, some charge additional fees for the formation of LLC?s, and in Illinois there are specific laws that govern the actions of LLC?s. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company might take some effort, but it will ultimately make your business more profitable.

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

Businesses in Belleville may change their forms in certain circumstances. Whether a business may convert to a LLC or not is determined by Illinois law.

How Can an Attorney Help?

A lawyer versed in Illinois business law will be able to advise you of the advantages and costs for forming and maintaining a LLC.

Talk to a Business Law Attorney now!

Life in Belleville

Bellevilla is located in St. Clair County, Illinois. The city is known as the eighth most populated city in Illinois, with an approximate population of 45,000. For fans of the sitcom The Simpsons, Belleville is south of Springfield, Illinois. It is known for having a diverse population and great attractions for tourists to enjoy.

Some popular sites include the Labor Industry Museum, the Our Lady of the Snows National Shrine, Sky-View Drive-In, and historic Downtown Belleville.

Belleville is home to well-qualified attorneys who are able to hadnle the legal needs of residents.

Some popular residents have included Dave Butz, Buddy Ebsen, Darius Miles, Al Smith, Lorenda Starfelt, Randy Wells, and Harry Statham.

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