What is an LLC?

Find the right LLC attorney in Pottstown, PA

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. An LLC enjoys the same form of limited liability as a corporation, but like the sole proprietorship and partnership, it is not taxed as its own entity. Like a corporation, the LLC can also have an endless amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. 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 Pennsylvania that authorized its formation.

Can My Business Be Formed as an LLC?

Pennsylvania 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. However, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Pennsylvania 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?

Changing business forms in Pottstown can be done if a company's situation meets certain conditions. Conversion to a LLC is possible if Pennsylvania law permits it in your situation.

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 Pennsylvania.

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Life in Pottstown

Pottstown is a Montgomery County, Pennsylvania borough that is located just 40 miles from Philadelphia and 20 miles from Reading. The area was planned in 1752 and named for the founder, John Potts. Originally dubbed Pottsgrove, the boundaries of Pottstown were extended and it was renamed. Today, Pottstown is the epicenter of one of the most productive farming and dairy regions in the State of Pennsylvania. Pottstown was once interested in iron and steel mills, machine shops, and other manufacturing plants of textiles and goods such as bricks, hosiery, silks, shirts, nails, and furnaces. The borough rests on a total of 4.9 square miles but plays host to 21,900 residents. Pottstown is governed in a city manager form with a mayor and seven-member borough council. The residents are reasonably diverse both ethnically and economically. Most households utilize the transportation and education systems offered by Pottstown, Montgomery County, and Pennsylvania.

Pottstown Area Rapid Transit Inc. offers low cost public transportation throughout Pottstown and surrounding communities. Pottstown also offers two small airports and a passenger rail service called SEPTA. There's lots of options when it comes to schools in Pottstown. Pottstown residents, depending on where they live, are sent to the Pottstown School District, Pottsgrove School District, and Owen J. Roberts School District. There are also nine private institutions, both grammar school and high school, serving the area too. The Montgomery County Community college is the only institution of higher learning. A number of lawyers also live in Pottstown Borough. Pottstown lawyers can help you navigate any legal questions you may have and are well acquainted with the local court systems and procedures.

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