What is an LLC?

Find the right LLC attorney in Muncie, IN

The legal business form of the LLC, or Limited Liability Company, offers the benefits of several other traditional business forms. A LLC has the benefits of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. Also like corporations, LLC's can 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 Indiana since the legislature enacted laws authorizing its formation.

Can My Business Be Formed as an LLC?

Businesses in Indiana can 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 generally required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Indiana law. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business may 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?

Businesses in Muncie may change their forms in specific circumstances. Whether a business may convert to a LLC or not is determined by Indiana 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 Indiana can give you valuable advice.

Talk to a Business Law Attorney now!

Life in Muncie

Muncie is located in eastern Indiana, in Delaware County. It is known as the home to Ball State University and Ball Corporation. Muncie has a population of around 119,000 people.

Top employers include Wal-mart, Sallie Mae, General Motors, Ball Corporation, Delco Remy, Westinghouse, and Ball Memorial Hospital.

Additionally, Muncie is home to many attorneys who can handle any and every legal need. If a matter is too complex for these attorneys, the residents and corporations in Muncie have Chicago's strong legal force to tend to matters.

Some famous residents include Angelin Chang, Ron Bonham, Bill Dinwiddie, Brandon Gorin, and Bengamin V. Cohen.

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