What is an LLC?

Find the right LLC attorney in Vineland, NJ

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of advantages typically provided by 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. For hundreds of years, limited liability has been a main goal of some business forms, but since the New Jersey legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

A business in New Jersey 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, there can be an additional fee required for forming your LLC, determined by New Jersey laws that govern the formation and actions of LLC's. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might 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 Vineland might sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by New Jersey 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 lawyers practicing business law in New Jersey.

Talk to a Business Law Attorney now!

Life in Vineland

Vineland is the largest city in the state of New Jersey, encompassing just over sixty nine square miles. Vineland is located in Cumberland County and has a population of just over 57,000 residents. Vineland gets its name after the city's fertile soil, which is perfect for growing grapes.

Not surprisingly, Vineland was the birthplace of giant juice producer Welch's Grape Juice. Vineland is also home to the Vineland Produce Auction -- the east coast's largest farmers cooperative. Other points of interest in Vineland include: the site of New Jersey's only drive-in theatre, and the Palace of the Great Depression. Not all grapes, the city has a bustling downtown and also has an Urban Enterprise Zone which gives a 31/2% reduced sales tax to shoppers that purchase goods in the zone. Vineland is also home to a thriving legal community, with some of the Garden State's top lawyers practicing their craft there. Vineland lawyers are skilled in a range of legal specialties and able to help their local clients with any legal problem he or she may be facing. In addition to a booming legal practices, other Vineland professionals such as doctors and lawyers are also contributing to the city's overall growing professional community.

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