What is an LLC?

Find the right LLC attorney in Haverhill, MA

The legal business form of the LLC, or Limited Liability Company, offers the advantages of several other traditional business forms. 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. Like a corporation, a LLC can have unlimited shareholders, called members. But a main 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. Limited liability has traditionally been a primary goal of many business forms, but since the legislature authorized it in Massachusetts, the modern LLC has become increasingly popular.

Can My Business Be Formed as an LLC?

In Massachusetts, a business can be formed using the form that it chooses. Opening an LLC just requires that the business founders file a form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Massachusetts there are certain laws that govern the actions of LLC?s. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might 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?

Changing business forms in Haverhill can be done if a company's situation meets particular conditions. Conversion to a LLC is possible if Massachusetts law permits it in your situation.

How Can an Attorney Help?

Lawyers practicing business law in Massachusetts can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Haverhill

Haverhill is a Massachusetts city located in the county of Essex. Founded in 1640, it is one of the oldest known communities in the state. The city encompasses a wide range of industries, from agricultural rural land use to modern research efforts found in its urban areas.

Haverhill is dedicated to preserving its rich history which captures early American life. The Haverhill Historical Society showcases colonial life through the Buttonwood Museum. Recently Haverhill formed "Cultural Treasures", a collection of five non-profit cultural groups promoting history and the arts.

There are many opportunities for outdoor recreation in Haverhill. In particular, the Merrimack River is an ideal location for hiking and observing nature. Haverhill is home to a growing bald eagle population which can be seen along the River.

Noteworthy Haverhill inhabitants have included inventor Alexander Graham Bell, Supreme Court Justice William Henry Moody, and comic creator Bob Montana. Bob Montana's famous comic "Archie" is based on everyday Haverhill life.

Lawyers in Haverhill, Massachusetts generally file most of their cases at the Haverhill District Court. Many Haverhill lawyers are members of outstanding Massachusetts legal organizations.

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