Limited Liability Company (“LLC”)

LLC-580x256A limited liability company is a legal entity created by state statute that allows for the tax treatment and informality of a partnership or sole proprietorship, while providing a personal liability shield akin to a corporation.  Owners, called “members”, of an LLC enjoy more flexibility and fewer organizational or operational restrictions than shareholders of a corporation.  Yet, like shareholders of a corporation, owners of an LLC are generally not liable for the entity’s debts, liabilities, or obligations.

 

To schedule an appointment to discuss operating or creating your LLC, please call (734) 475-4659. 

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The foregoing is general information only and does not constitute legal advice regarding your specific legal matter nor does it create an attorney-client relationship regarding your matter.