What is an LLC?

Find the right LLC attorney in Lancaster, OH

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of benefits normally 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 treated more like a sole proprietorship or partnership for tax purposes. LLC's, like corporations, can 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 formation.

Can My Business Be Formed as an LLC?

Ohio allows a company to incorporate using the business form it chooses. To begin as an LLC, a company simply files the necessary form with the Secretary of State. Fees are generally 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 may 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 specific conditions, a business in Lancaster may change its form. Eligibility for conversion to a LLC is determined by Ohio law.

How Can an Attorney Help?

Whether it would be advantageous for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in Ohio can give you valuable advice.

Talk to a Business Law Attorney now!

Life in Lancaster

Lancaster, Ohio is a city located in Fairfield County, Ohio. It has a population of about 35,000 people, as of the 2000 Census.

Several Native American tribes populated the area now known as Lancaster thousands of years before the arrival of European settlers. European settlement of the area began in Earnest in the 1790s, at the earliest stages of America's westward expansion. Most early settlers of Lancaster, Ohio were of German descent, and emigrated from bordering Pennsylvania.

Lancaster rapidly grew as an agricultural center, and the canals that were being built in the region provided an easy way to quickly ship its produce to the large markets on the East Coast of the U.S.

Modernly, Lancaster is notable for its blend of 19th Century architecture, along with its natural beauty, with several nearby attractions (such as lakes and mountains) providing opportunities for hiking, swimming, and camping. Lancaster is also home to companies in several different manufacturing sectors, including glass.

As with any small-to-medium-sized American city, Lancaster has a fairly developed and tight-knit legal community. Lancaster, Ohio lawyers are well trained, experienced, and competent. They can handle just about any case that you might have.

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