Forming an LLC

Starting up a business can be a scary venture, even when you have the assistance of friends and associates in Gainesville. All of the excitement that you and your potential partners may feel about charting your own professional course is often tempered by the hesitancy to stake your own personal assets on what is (at least at this point) an unknown commodity. Many have seen this same concern deter them from ever branching out on their own. Several of our past clients have come to us here at The Roberts Law Firm, P.C. asking what is better: To enjoy the protection offered by a corporate structure or the control afforded by a business partnership? Our response: Why not have both? 

A limited liability company allows you to do just that. It allows you to create your business as a stand-alone entity, absolving you of liability for its debts and assets. At the same time, it does not require you and your managing partners to observe the formalities inherent with a corporation. You can choose to elect corporate officers or simply operate as a partnership. What is more, your company can elect to be taxed either as a corporation or a partnership. This tax status flexibility makes LLC's a popular business formation choice for smaller start-ups. 

Be aware, however, that your future plans might conflict with an LLC structure. According to Entrepreneur.com, an LLC is not the appropriate business form if you wish to seek investments through venture capital or to ultimately take your company public. Yet even if that becomes your goal, you can always restructure your business as a corporation down the road. 

You can learn more about business formation strategies by continuing to explore our site. 

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The Roberts Law Firm, P.C.

The Roberts Law Firm, P.C.
604 Green Street
Gainesville, GA 30501

Toll Free: 866-594-7535
Phone: 404-537-2796
Fax: 404-841-0775
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