Creating a business is an exciting time but stressful time for a new business owner. As a business owner you want your business to thrive, but you also want to make sure you are not personally liable for the business’s debts and obligations. A Limited Liability Company, called an LLC, is a form of business organization that combines the limited liability benefits of a corporation with the management and tax structures of a partnership. An LLC means that the members generally cannot be personally liable for the debts and actions of the business. Therefore, the personal assets of the members are generally protected from any creditor or legal claims made against the LLC. Unlike a corporation, members of an LLC are only taxed once.
Here at Jarvis Law, PLLC, we understand the importance of creating a business and will strive to help you create one based on your individual needs. Let us help you through the legal process of creating a business. Contact us today if you or someone you know is trying to form a business and needs help creating one.