What is an LLC?

Find the right LLC attorney in Staunton, VA

The Limited Liability Company, or LLC, is a business structure that combines the benefits of many traditional business forms. A LLC has the advantages of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. 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. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Virginia since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

The right business form is a decision left up to each business that openes in Virginia. An LLC is started just by 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 particular 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?

Businesses in Staunton may change their forms in specific circumstances. Whether a business may convert to a LLC or not is determined by Virginia law.

How Can an Attorney Help?

A lawyer versed in Virginia 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 Staunton

The city of Staunton is located in Augusta County, Virginia. It is a relatively older community comprised of about 23,000 residents. It was incorporated in 1871. Staunton was first settled by merchants, and its economic beginnings can be traced to the fields of trade, industry, and transportation. The city is locally known for being the birthplace of former U.S. President Woodrow Wilson.

Currently Staunton is an ideal tourist destination, as it has five separate districts with many sights to see. The arts and culture contribute greatly to Staunton's atmosphere, as can be seen by the American Shakespeare Center. The Center is home to the only replica of Shakespeare's Blackfriars Theatre in existence. Strict building codes have preserved much of Staunton's unique early-American architecture. This makes it a popular location for film and T.V. settings.

Staunton residents can enjoy many of the city's outdoor festivals and parades, such as the 4th of July Celebration. Country music is a favorite for many locals, as the city has produced many top-notch artists. The city is a genuine reservoir of American culture and history. Besides President Woodrow Wilson, Staunton has been the hometown of several lawyers, senators, and legislators throughout history.

Staunton lawyers typically file their cases at the Staunton General District Court located in the city. Many lawyers in Staunton, Virginia frequently participate in the city's many community service and outreach programs.

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