What is an LLC?

Find the right LLC attorney in Chicopee, MA

The legal business form of the LLC, or Limited Liability Company, offers the benefits of several other traditional business forms. 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, a LLC can have unlimited shareholders, called members. But a key difference is if one of these shareholders dies or files for bankruptcy, the LLC is dissolved and will stop operations unless the remaining members form a new LLC. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Massachusetts since the legislature enacted laws authorizing its formation.

Can My Business Be Formed as an LLC?

Businesses in Massachusetts 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 often required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Massachusetts 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?

Under particular conditions, a business in Chicopee may change its form. Eligibility for conversion to a LLC is determined by Massachusetts law.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local attorneys practicing business law in Massachusetts.

Talk to a Business Law Attorney now!

Life in Chicopee

Chicopee is part of Hampden County, Massachusetts. It is located near the Connecticut River. It has a population of around 55,298 people, making it the second largest city in Western Massachusetts. Springfield is the first.

Chicopee is filled with many small businesses. Some of the top employers include Chicopee Provision Company, Blue Seal, and Millie's Pierogi Company.

Past and present famous residents include Ray Fitzgerald, Damien Fahey, Philip Labonte, Scott Barnes, and The Acacia Strain musical group.

Chicopee is also home to many lawyers who have established law offices and small firms in Chicopee. Thus, any and every legal inquiry can be competently handled by the legal force in Chicopee.

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