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 and profits on their personal income tax returns. The upside to that is that the owners cannot be personally liable for any business debts or lawsuits.
Whether you are thinking about forming an LLC or ending one, you have come to the right place. On UpCounsel, you can find and connect with top-rated corporate attorneys & lawyers that provide a range of corporate law services for everyone from startups to large businesses. Any of the top-rated corporate lawyers you connect with will be available to help with a variety of your corporate needs on-demand or on an ongoing basis.
From business formation to operations and mergers & acquisitions, our network of experienced corporate attorneys can help guide you and your LLC to success. If you would like to learn how to properly file an Articles of Organization with your state, you can easily hire a corporate lawyer on UpCounsel to help you. Whether you need to choose a name for your LLC or create an LLC Operating Agreement, you can find and connect with several experienced corporate attorneys who can help you today.
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