CROWN POINT BUSINESS ATTORNEY
Since 1993, the state of Indiana has recognized limited liability companies (LLCs) under the Indiana Business Flexibility Act. Because this entity offers limited liability, the personal assets of the owners, referred to as members, are protected from lawsuit settlements and debts from the business. Unlike a corporation, the gains, losses, income and deductions from the LLC will be passed down to the members. In the state of Indiana it is also possible to form an LLC with only one member. Members are considered self-employed and must pay toward Medicare and Social Security. Kent A. Jeffirs, Attorney at Law, PC can help determine if creating an LLC is the best option for you.
FORM A LIMITED LIABILITY COMPANY IN LAKE COUNTY
If you are interested in forming an LLC in Lake County, my firm can assist you with the process. The first step of creating a limited liability company is filing the Articles of Organization with the Indiana Secretary of State with the proper fee. While you wait to receive a Certificate of Organization, I can prepare an Operating Agreement. Your operating agreement will dictate how the LLC will be run, with provisions regarding the management and operation of the LLC. These provisions involve the admission and removal of members, voting privileges, financial contributions, profits, losses, assignment of interests, and distribution of the LLC when it is dissolved.
SEEK ASSISTANCE FROM A CROWN POINT BUSINESS LAWYER
With over 20 years of experience, I am well-equipped to assist you and your business partners with the formation of an LLC. At other firms your case may be passed off to paralegals or legal secretaries, but I personally handle every one of my clients’ cases. For more information about the benefits of an LLC, complete a free initial consultation, or contact my firm to learn more about my client-centered business services.