What is an LLC?

Find the right LLC attorney in Lakewood, 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. LLC's, like corporations, may also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Ohio since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

Ohio allows a company to incorporate using the business form it chooses. To start as an LLC, a company just files the necessary form with the Secretary of State. Fees are regularly charged for opening LLC's, however, and Ohio law determines the costs for creating 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?

Under certain conditions, a business in Lakewood may change its form. Eligibility for conversion to a LLC is determined by Ohio 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 Ohio.

Talk to a Business Law Attorney now!

Life in Lakewood

Lakewood is in Cuyahoga County, Ohio. It is considered a part of Cleveland. It is the third largest city in the county, along with Cleveland and Parma.

Some great places to check out in Lakewood include Lakewood Park, The Rocky River Reservation, The Beck Center for the Arts, and Malley's Chocolates. A really popular restaurant that both locals and visitors love is Aladdin's Eatery,

Lakewood is home to many attorneys who either practice locally, or in Cleveland. These attorneys have excellent training, work in great firms, and can handle the legal needs of residents and businesses.

Famous residents, both past and present, include Matt Dunigan, Teri Garr, Moe Mantha, Jr., Brad Friedel, Sean Patrick O'Malley, Alex Boone, Dick Feagler, and Gary Lewis.

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