What is an LLC?

Find the right LLC attorney in Sheboygan, WI

The Limited Liability Company, or LLC, is a business structure that combines the advantages of many traditional business forms. An LLC enjoys the same type 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 key 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. For hundreds of years, limited liability has been a primary goal of some business forms, but since the Wisconsin legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

Businesses in Wisconsin can organize using whatever form they choose. The office of the Secretary of State is the organization that accepts filings by those who want to open LLC's. However, there may be an additional fee required for forming your LLC, determined by Wisconsin laws that govern the formation and actions of LLC's. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business may 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?

Businesses in Sheboygan may change their forms in particular circumstances. Whether a business may convert to a LLC or not is determined by Wisconsin law.

How Can an Attorney Help?

Whether it would be beneficial for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in Wisconsin can give you valuable advice.

Talk to a Business Law Attorney now!

Life in Sheboygan

Sheboygan is located in Sheboygan County, Wisconsin. Per the 2010 census, the population is 49,288 people.

Popular sites include Above Beyond Children's Museum, Blue Harbor Resort, Bookworm Gardens, John Michael Kohler Arts Center, Sheboygan Municipal Auditorium and Armory, and Whistling Straits.

The city is also home to many small law offices that cater to the legal needs of local residents and businesses.

Popular residents include Ray Buivid, John Dittrich, Joe Hauser, Wesley Lau, George Sauer, Carl Schuette, and E.E. Smith.

Overall, the city is a wonderful place to visit and live!

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