LLCs: What are Limited Liability Corporations?
WHAT TO EXPECT
Are you considering forming an LLC to run your business? LLCs are an increasingly popular form of entity because they offer limited liability protection and substantial flexibility in terms of management and taxation. Many new companies do not even consider operating as a corporation, partnership, or other entity, simply assuming that the LLC is the best way to go. This is why it is a good idea to meet with a business attorney before making your decision.
IS AN LLC SETUP RIGHT FOR YOUR BUSINESS?
Despite the general merits of the LLC structure, it is wise not to make assumptions about important business decisions. Although LLCs are widely known, there are similar business structures, like LLPs and S-Corps that may be more suited your company. Which form of entity is best depends on your individual needs and goals, as well as the challenges your business is likely to face. Consulting a business lawyer before making these major decisions can help get your business get off to a successful start. A business attorney will be able to assess your company’s present and future needs to help you determine if an LLC is the right business form for you.
MAKE WELL-INFORMED BUSINESS SETUP DECISIONS:
At Northwest Business Law Group, we strive to be a partner for the entrepreneur, which means we do all we can to ensure your business’s success from the point of inception. This goes for companies of all sizes. Your job is to let us know the vision you had for your business. Our job is educating you on your options, making recommendations based on your needs, and getting you set up in a legal business structure. Whether that ends up being a limited liability corporation or something else will be up to a more-informed you.
- 100% Satisfaction with Communication Eric helped represent me with a very large lawsuit that was brought against me. 100% satisfaction with communication. It was timely; it was appropriate; it was insightful, thoughtful. From beginning to end, it was very clear that my legal counsel, Eric Helmy was by far the better warrior, so to speak, the intellectually, strategically, and we clearly outthought the opposition from beginning to end, and I don’t think they knew what hit them. The opposition didn’t have any choice but to really retreat and drop the suit, so I was very satisfied.Aloysius Fobia, M.D. Physician in Portland, Oregon
- He'll Respond to Me When I Need Him. …I believe my law case never would have got off the ground without Eric’s attention to what was happening to me. I’m an excavator, in the tough times that have come along, there’s been several instances where the big developers think they’re not going to pay me, and I feel like they’re trying to [take advantage of] me. I can call Eric,…and he’ll come down and go sit in a meeting with me and all these big developers are writing checks before we’re getting up and leaving. …It’s nice to know that I have him on retainer, and he’ll respond for me when I need him. That’s the personal service you’ll get with him…Brad Bartlett Bartlett Excavation & Construction, LLC
- We Left With Important Information and a Plan Our first meeting with Eric was very helpful. We left with important information and a plan, and now we have our own corporation! Eric was invaluable in the writing of our bylaws and in advising our business setup. He also had great insights into owning a business in the Northwest. Having him on our company’s side makes us feel ready for the legal hurdles we will face as our business grows.Jaclyn Stewart CEO of Jurevicious Studios
- We are Very Pleased …We’ve worked with Eric on two different contract matters and [have] been very, very pleased with his advice and all the support he’s provided to members of our organization…We were really, really pleased with the quality of work Eric delivered, all the due diligence he performed, the advice he gave to the members of our staff…We would certainly recommend Eric, and we would hope to work with him again.Alice Forbes