What is an LLC?

Find the right LLC attorney in Fairfax, VA

The Limited Liability Company, or LLC, is a business structure that combines the advantages of many traditional business forms. A LLC has the benefits of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. An LLC can also have an unlimited 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 historically 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 Virginia that authorized its formation.

Can My Business Be Formed as an LLC?

A business in Virginia can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is required is filing the appropriate form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Virginia 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 can 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 Fairfax may change its form. Eligibility for conversion to a LLC is determined by Virginia 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 attorneys practicing business law in Virginia.

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Life in Fairfax

Fairfax, Virginia is the county seat of Fairfax County. However, it is an independent city, so it is not technically part of the county in which it is physically located, but is a separate legal entity, over which the county doesn't exercise jurisdiction. It has a population of about 24,000 people. Fairfax, Virginia is part of the Washington, D.C. metropolitan area, and is generally considered a suburb of Washington, D.C. Fairfax is a popular place to live for people who have jobs in D.C., and given the large number of government and private-sector jobs in the Washington, D.C. area, Fairfax is a place that many professionals who are currently having trouble finding work are considering relocating to. Old town Fairfax recently underwent a major redevelopment, adding a new public library, along with tens of thousands of square feet of new retail and restaurant space, and nearly 100 upscale condominium units. There are many lawyers in and around Fairfax, Virginia. A good Fairfax, Virginia lawyer can make it infinitely easier to deal with just about any legal issue a person might face. If you or a loved one needs any legal assistance whatsoever, regardless of the reason, you shouldn't hesitate to contact a Fairfax, Virginia attorney.

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