what lawyer can help with llc

States where our LLC Attorneys can Assist You

• Seth Wiener. As an experienced trial lawyer and litigator, Seth Wiener has resolved numerous federal and state...
• Steven Stark. For over 30 years, Steven Stark has offered counsel to non-profit organizations and private companies.
• Mario Naim. Mario's firm focuses on serving growth companies throughout the venture capital life...

Full Answer

Why should I hire an LLC attorney?

Nov 16, 2018 · Where to Find an LLC Lawyer. 1. Ask other business owners. Often, the best way to find an LLC attorney is simply to get recommendations from other people who have formed a ... 2. Use online legal companies. 3. Go through your local law school. 4. Contact your bar association or legal aid orgs. 5. ...

Where can I find a good lawyer to form an LLC?

Do I Need an Attorney to Help Me Form an LLC? If you are interested in forming an LLC, you should contact a business lawyer. A business lawyer can advise you as to formation and filing requirements. The attorney can also explain tax and insurance requirements that apply to the LLC. A business lawyer can also represent the LLC in legal proceedings.

What kind of lawyer do you need for a corporation?

FREE detailed reports on 2594 LLC Attorneys. Find 5784 reviews, disciplinary sanctions, and peer endorsements.

Can a business lawyer represent an LLC in legal proceedings?

Aug 13, 2021 · A business attorney can save time and money when business owners create a new business. For around $200 to $5,000, they can handle the items you may not have time to consider, such as: Creating an LLC operating agreement explaining your company's who, what, when, where, why, and how (required in some states).

What is LLC in business?

Forming a LLC protects individual assets, limiting liability to the LLC’s own resources. By forming an LLC, a small business owner, if sued, will not have to pay out of personal assets. Individuals who are interested in forming a business with minimal paperwork and costs should also consider forming an LLC.

What is an LLC?

What is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business entity. A variety of business entities, or forms, exist in the United States. Other examples of business entities include partnerships, and corporations.

How does a limited liability company differ from a corporation?

Limited liability companies differ from corporations in terms of ownership structure. LLCs are owned by individuals, while corporations are owned by shareholders. LLCs differ from both partnerships and sole proprietorships in terms of liability.

How long does it take to file an LLC statement?

Many states require that a document called an initial information statement be filed. This statement must be filed within a short period of time (up to 90 days) of the filing of the articles of organization. On the statement, the names and addresses of LLC members and managers must be provided.

What is a partnership liable for?

Partners in a partnership are personally liable for debts incurred by the partnership. These debts include debts incurred by another partner. This means that if a partnership owes money to a creditor, the creditor can “come after” the individuals’ own individual real and personal property to satisfy the debt.

What happens if a corporation files a lawsuit?

Under the law, if someone files a lawsuit against a corporation, and the suit is successful, the corporation pays money out of the corporation’s assets. The individual members’ and owners’ own assets are not “touched.”.

Do LLCs pay taxes?

In addition, LLCs, like partnerships, are not taxed at the “entity level.”. This means that unlike corporations, they do not pay taxes as an LLC. The only taxes paid are paid by individual members who have earned profit. There are downsides to organizing as an LLC.

What is a business lawyer?

Business lawyers if you need to change your business structure to a single-member LLC, S corporation, or another type of business, or need help with another business-related legal matter. General counsel to review compliance with state laws, state agencies, state fees, or annual fees.

What is an employment law attorney?

Employment law attorneys to create employment contracts and HR policies.

How much does a business attorney cost?

A business attorney can save time and money when business owners create a new business. For around $200 to $5000, they can handle the items you may not have time to consider, such as: 1 Creating an LLC operating agreement that explains the who, what, when, where, why, and how of your company (this is required in some states) 2 Creating articles of organization that list the registered agent, LLC management, and the date of formation 3 Keeping detailed records in case of lawsuits or audits 4 Filing fees and registering with the correct people 5 Registering your business name and checking that the LLC name is available 6 Completing and filing all legal documents

What is an LLC operating agreement?

An LLC operating agreement is an internal document that allows you to establish company rules, layout members' rights and responsibilities, and more.

How much does it cost to register an LLC?

Your LLC will give you tax benefits and protect your personal assets if anything happens to your company. It costs between $50-$500 on average to register your business. You do not need an attorney to form an LLC.

Can an LLC be sued?

Once you register, you can buy or rent a building and have company bank accounts. Unfortunately, your company can also be sued.

What is LLC in Pennsylvania?

Pennsylvania. Texas. Idaho. Oklahoma. A Limited Liability Company (LLC) is a type of business enterprise that combines elements of a corporation and a partnership together. The key feature of an LLC is that the LLC itself is not a taxable entity, it is actually a pass-through tax entity. This means that individual LLC owners report business losses ...

What is Mario's firm?

Mario's firm focuses on serving growth companies throughout the venture capital life cycle from startups to public companies. The firm provides services related to business law, specifically corporate, securities, business combinations and commercial transactions. He has also helped foreign clients in the acquisitions of businesses in the U.S., Canada, Europe, the Middle East, and South America.

What are the advantages of LLC?

The following are the three most important to most small business owners: No Double Taxation. Since profits are not taxed at the company level, profits disbursed to members are not taxed twice. Less Paperwork.

What is LLC in business?

An LLC is a distinct corporate entity with the ability to use its own a tax identification number, open a bank account and do business under its own name. The LLC operates as a type of hybrid of a corporation and a partnership. Like a corporation, an LLC limits the legal liabilities of the owners, called "members.".

What is an operating agreement for LLC?

An LLC is governed by an operating agreement that details member responsibilities, operating procedures, governance, and any other business and legal frameworks needed. LLCs are offered a lot of flexibility in terms of structure, which means that the operating agreement is vitally important. In an operating agreement, you can select tax structure, member rights, and really just about any facet of your business to fit the needs of your business. Unlike bylaws for a corporation, in most states, an operating agreement is optional (though adviseable) for an LLC. Many single-member LLCs operate without an operating agreement.

How much does it cost to form an LLC?

When you hire a lawyer in the Priori network, forming your LLC and drafting an operating agreement typically costs anywhere from $350-$1000 for a single-member LLC and from $750-$5000 for a multi-member LLC. In order to get a better sense of cost for your particular situation, put in a request to schedule a complimentary consultation and receive a free price quote from one of our lawyers.

Is LLC a good option for a small business?

Forming your business as an LLC, or Limited Liability Company, allows you to do this quickly and flexibly, while minimizing your tax burden. When you are ready to formally separate your business and personal assets, but don’t intend to go public or take on outside investment, an LLC can be a great option. Weighing the pros and cons of an any business structure is critical, which is why discussing your options with an experienced corporate lawyer in the Priori network can help you make the optimal, best-informed decision.

Is LLC a pass through entity?

Like a partnership, the LLC is a pass-though entity for tax purposes, which means that individual members are taxed only once on any profits to the LLC, as a form of personal income (unless they elect otherwise in the Operating Agreement).

Can an LLC issue stocks?

Most investors prefer to only invest in C-Corps, due to the predictable structure and the ease with which they can be issued stocks. LLCs cannot issue stocks, which means that becoming a member is generally more complex. If you are looking to go public, an LLC may not be the best choice. Higher Personal Taxes.

What is LLC in business?

A company such as LLC is just an organization and facilitates the business. It is not too much work, just have to remember to pay your tax and file tax forms, if you have a company with no active business. Like they say, easy come, easy go. Anything you can get for no cost have literally no value.

Which states require LLCs to publish a legal ad?

There are some states like Arizona, Georgia, Nebraska, Nevada, New York, and Pennsylvania that require new LLCs to publish a legal ad notifying the public of the LLC formation in a local newspaper and supplying the affidavit of publication. Publishing costs vary depending on the state and newspaper.

How much does it cost to reserve an LLC name?

The ability to reserve an LLC name is available in every state (for a fee). Alabama is the only one that requires the name to be reserved at a cost between $10-$28. Reserving the name is optional in all other states, but is usually not worth the expense unless it will be some time before you plan to start your LLC.

How to create LLC?

There are several options to create an LLC: 1 to hire a Lawyer/CPA 2 to use independent filing service 3 to file it yourself at the SOS portal.

How much does it cost to file an LLC?

This cost to file the Articles of Organization for an LLC costs between $40 and $500.

Can I create an LLC in NJ?

In a way, no. You could create an LLC on your own on the Secretary of State’s website. However, NJ has a very large number of requirements for companies and these requirements can be overly difficult to understand and navigate through. Thus, based on the fact that you are in a state that has a lot of requirements, I would recommend that you get an attorney.

Can an LLC be created without an attorney?

Not technically, no. But every single LLC I have ever seen that was created without an attorney has not had its documentation in order. No corporate book, no unit certificates, no company agreement, no organization minutes. Which is fine if everyone agrees with everyone and has no disputes whatsoever for eternity.

What is a Portland business lawyer?

A Portland business lawyer’s specialty, on the other hand, is to be well-rounded! Our attorneys are equally comfortable reviewing a contract, consulting with business owners, negotiating a complex deal, or litigating in court– and that’s just a fraction of the situations in which we find ourselves. Great business lawyers are flexible and knowledgeable problem solvers who are always looking for the best way to help their clients.

Should I hire a lawyer for my business?

As a business owner, if you ever catch yourself thinking “I don’t need a lawyer, I can handle this myself,” it’s probably a good time to speak with a business lawyer and find out for sure. Your time is better spent running your business than trying to resolve a legal situation on your own.

Do lawyers bill by the hour?

Some business lawyers may bill exclusively by the hour. Can you see the drawback here? The law firm is incentivized to spend more time on the case to maximize their revenue.

Can a business attorney represent you in court?

Yes– but only when we need to. Don’t get us wrong – it’s not that our business attorneys aren’t expert litigators who take great pride in representing our clients in court in Oregon and Washington. But often times there’s a better solution to a dispute and save our clients’ valuable time and money.

What can a corporate lawyer do for you?

A corporate lawyer will be able to help you with issues related to the formation of your corporation, general corporate governance issues and corporate compliance issues.

What is the best legal option for a lawsuit?

Suing someone, or responding to someone’s lawsuit against you? An attorney who specializes in civil litigation will be your best legal option. You may also find that different attorneys will specialize in different litigation areas as well. For example, a corporate litigation lawyer should have the expertise to help you with commercial litigation issues.

What is general practice law?

Unlike lawyers who specialize in a particular area of law, a general practice lawyer has a practice that handles a wide range of legal issues. Different general practice attorneys will have different areas of law with which they are most comfortable, so if you consult with a general practice lawyer, it’s always prudent to discuss his or her experience in handling the type of legal issue you’re facing.

What is a disability attorney?

The Social Security Disability system can be a particularly complex system in which to navigate. An attorney who specializes in Social Security Disability issues can help you with any step in the Social Security Disability process, including assisting you with eligibility issues, launching an appeal of a decision to deny you benefits and dealing with the reduction or termination of your benefits.

What is an estate planning lawyer?

The estate planning lawyer specializes in wills and trusts, and can help you to draw up a will to pass on your assets. Among other estate planning legal services, this type of lawyer can help you set up a trust which will help take care of your children’s financial needs.

What is a worker's compensation lawyer?

If you’ve been injured while on the job, or have had to face the death of a loved one as a result of a workplace accident or occupational disease, a lawyer who specializes in workers compensation law can help you navigate the issues you face, such as the extent of the employer’s fault and the amount of benefits to which you are entitled.

What is an IP lawyer?

Also known as an IP attorney, an intellectual property lawyer can advise you with regard to issues relating to intellectual property, such as copyrights, trademarks, patents, industrial design and trade secrets.