Limited Liability Company (LLC)

Limited Liability Company

Limited Liability Companies (LLC) are a hybrid business entity.  The entity is structured similar to a partnership, but the owners are referred to as Members.  Members have liability protection from business liabilities similar to a corporation.  But unlike a corporation, a LLC does not have to comply with ongoing corporate formalities.  A LLC may be managed by its Members or by Mangers.

If your business will be formed by individuals licensed to perform professional services, then you should consider forming a Professional Limited Liability Company (PLLC).

Limited Liability Companies may elect to be taxed as a C-Corporation or as a pass-through entity.

Our attorneys can help you decide if a LLC entity is right for your business.