Formation Of Llcs Provide Legal Advantages For Business Owners
A great deal of hard work and detail goes into forming a new company, and it’s absolutely vital to make certain that all legal matters involved are handled by experienced professionals. Today many business owners protect themselves and their assets by forming a Limited Liability Company or LLC, a process that can be handled from start to finish by the Law Office of John W. Blischak. In addition to serving Arizona in matters including criminal defense, personal injury, Phoenix divorces, and estate planning, Mr. Blischak brings his CPA background and over 25 years as an attorney to the table to assist you in forming your LLC.
LLCs are often thought of as equal parts partnership and corporation. As such, they provide the tax advantages of the former with the liability protection of the latter. As you might have gathered from the name, the number one advantage of an LLC is that it limits the liability of members as it pertains to the company’s debts and financial obligations. Done right, LLC’s provide protection for personal assets much like a corporation would while allowing access to tax benefits that include the ability to avoid double taxation. With so much at stake, it makes sense to find just the right legal counsel to attend to the formation of your LLC.
Mr. Blischaks prior experience as a CPA allows him to bring a unique breadth of knowledge and experience to the legal matters surrounding the formation of an LLC, including management, capitalization, indemnity, dissolution, bankruptcy, and tax matters. The professionals in the law office of John W. Blischak can help first time and experienced business owners dot the many Irsquo;s and cross the many Trsquo;s associated with forming an LLC; ones that might be overlooked without qualified legal help. Things like securing a trademark name, filing the appropriate papers with the Arizona Corporation Commission, drafting appropriate operating agreements, and more.
Additional major issues to be determined in the formation of your LLC include the rights and obligations of members, allocations and distributions, death, incompetency, bankruptcy, and dissolution of members, books, records, accounting, reports and certain tax matters. Protecting your assets by forming an LLC is a no brainer in terms of giving your small business a chance to succeed, and having legal counsel well-versed in the intricacies of LLC formation is the logical first step. Let the professionals at the Law Office of John W. Blischak get your LLC up and running the right way.
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