What is an LLC?

Find the right LLC attorney in Altoona, PA

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. A LLC has the advantages of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Pennsylvania since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

A business in Pennsylvania 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, some charge additional fees for the formation of LLC?s, and in Pennsylvania there are certain laws that govern the actions of LLC?s. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company may lead to increased profits, but the process may take some time.

Can I Change the Form of My Business to an LLC?

Under particular conditions, a business in Altoona may change its form. Eligibility for conversion to a LLC is determined by Pennsylvania law.

How Can an Attorney Help?

A lawyer versed in Pennsylvania business law will be able to advise you of the advantages and costs for forming and maintaining a LLC.

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Life in Altoona

Altoona is located in Blair County, Pennsylvania. Per the 2010 census it has a population of 46,320 people.

Some popular attractions include the Altoona Symphony Orchestra, Horeshoe Curve, the Railroaders Memorial Museum, the Juniata Shops of the Altoona Works, Mishler Theatre, Jaffa Shrine Center and the Cathedral of the Blessed Sacrament.

Earlier, Altoona's economy was primarily dependent on the railroad industry. This changed with time as the city began to urbanize. Now, the city depends more on local businesses. In fact a top employer is Sheetz. Sheetz is a large convenience store and gas station chain that is present in many states such as Pennsylvania, Ohio, and Virginia. There are many Sheetz locations (approximately twenty) in Altoona. Therefore it is one of the city's top employers. To support Sheetz and other businesses, the legal force in Altoona is strong. It has many competent attorneys who practice law in various fields. Thus, they are able to help local businesses and residents with their legal needs.

Some famous residents of Altoona include Janet Blair, Brad Benson, Michael Behe, Rob Boston, Sam Cohn, Ripper Collins, Henry Kloss, Star Jones, Tommy Irwin, and Mike Luzzolino.

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