What is an LLC?

Find the right LLC attorney in Cleveland Heights, OH

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. 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. An LLC can also have an endless amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. Many business forms have traditionally been aimed at the goal of limited liability, but the LLC is the most modern of these forms, having become popular since the enactment of laws in Ohio that authorized its formation.

Can My Business Be Formed as an LLC?

A business in Ohio 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, fees are frequently required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Ohio law. 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?

A business in Cleveland Heights may change its form under certain conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Ohio laws.

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 Ohio.

Talk to a Business Law Attorney now!

Life in Cleveland Heights

Cleveland Heights, Ohio is a suburb of the larger city of Cleveland, the second-largest city in Ohio. It has a population of about 41,000 people, and is situated in Cuyahoga County.

Cleveland heights is mostly residential, and serves as a "bedroom community" for people who work in Cleveland, but want to live in the more quiet and spacious suburbs. Cleveland Heights has a thriving arts community, boasting galleries, theaters, art studios, and more. This makes it especially attractive for younger professionals who are beginning to settle down, but still want to live in a somewhat-cosmopolitan environment, and have easy access to a large city and all the trappings it entails. The city also has several swimming pools, outdoor markets, and an iceskating rink, for residents and visitors to enjoy.

Cleveland Heights, Ohio also has an attractive downtown shopping area, much of which is walkable. Cleveland Heights has a low crime rate for the region, and a relatively high median family income, compared with surrounding communities.

All in all, Cleveland Heights, Ohio is a good place to raise a family, especially if you or your partner work in Cleveland, but don't want to live in the heart of a major urban area.

There are plenty of Cleveland Heights, Ohio lawyers who can help you with whatever legal problem the average person is likely to face. And with the larger city of Cleveland very close by, your selection of lawyers in Cleveland Heights, Ohio is hard to beat.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA