What is an LLC?

Find the right LLC attorney in Manitowoc, WI

The Limited Liability Company, or LLC, is a business structure that combines the benefits of many 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, a LLC can have unlimited shareholders, called members. But a main difference is if one of these shareholders dies or files for bankruptcy, the LLC is dissolved and will stop operations unless the remaining members form a new LLC. 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 Wisconsin that authorized its formation.

Can My Business Be Formed as an LLC?

A business in Wisconsin 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, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Wisconsin law. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might take some effort to find, but finding the right business form can reward you with increased profitability.

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

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

How Can an Attorney Help?

Lawyers practicing business law in Wisconsin can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Manitowoc

Manitowoc is a city located in Manitowoc County, Wisconsin. It is also the county seat of that county. As of the 2000 Census, Manitowoc has a population of approximately 35,000 people. The area now known was Manitowoc has been continuously populated by humans for thousands of years. It was first settled by people of European descent in 1835. Manitowoc has the interesting distinction of being the crash site of a Soviet spacecraft, Sputnik 4. The crash occurred in 1962, and involved a 20-pound piece of a much larger spacecraft. Nobody on the ground was injured, and the spacecraft itself had nobody in it. Today, there is a historical marker on the spot where the piece hit, and a cast of the part was made before it had to be returned to the USSR. The cast now sits in a museum in Manitowoc. Manitowoc is home to a zoo, as well as several historical sites, art museums, and parks, providing many recreational opportunities. If you live in Manitowoc, Wisconsin, and need an attorney, it's likely that you'll be able to find one. Manitowoc, Wisconsin lawyers can handle just about any case you might have.

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