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Our firm represents hundreds of businesses, from small "mom & pop" operations to multi-million dollar Corporations. Attorneys are available to assist with contracts, leases, land acquisition, building projects, employee issues, defense of claims, litigation, collection of accounts, and all general business matters. Services include advising start-up operations, forming Corporations, Limited Liability Companies and other required legal entities.

When starting a new business, perhaps the most important decision is determining the legal form the business entity will be operated under. The most common forms of ownership are Limited Liability Company (LLC) and Corporation.

Most small businesses are formed by a husband and wife, friends, or business associates who desire to shelter their personal residence, savings and other assets from liabilities incurred in running and operating a business.

One important feature of both a Limited Liability Company and a Corporation is this limited liability concept. Generally if a Limited Liability Company or Corporation is properly formed, operated and adequately capitalized, creditors and others with claims against the Limited Liability Company or Corporation are only entitled to compensation from the assets of the Limited Liability Company or Corporation. Those individuals forming and managing the Limited Liability Company or Corporation will have no liability for its debts.

A Limited Liability Company is owned by member(s) who own membership interests in the company. Management of the Limited Liability Company may be by the member(s) (member-managed) or by the manager(s) (manager-managed). Those establishing the Limited Liability Company will usually be the members and/or managers.

A Corporation is owned by shareholder(s) who own stock in the Corporation. The shareholder(s) elect the Board of Directors, who generally set the long-term policies for the Corporation and appoint the officers. The officers are generally president, vice-president, secretary and treasurer, who operate the Corporation on a day to day basis. Those establishing the Corporation will usually be the shareholders, directors and officers.

Both the Limited Liability Company and Corporation provide limited liability. However, a Limited Liability Company offers advantages over a Corporation in its simplicity of organization, greater flexibility in management, and greater flexibility in distribution of profits, losses, surplus and capital. These characteristics of a Limited Liability Company have made it the more popular form of business ownership.

PLEASE CALL OUR OFFICE AT 623-932-0430 FOR A FREE, QUICK FLAT FEE QUOTE TO FORM A LIMITED LIABILITY COMPANY OR CORPORATION.