Alpharetta Attorney for Limited Liability Companies (LLC)
Business Law Litigation for LLC Members
While corporations have existed for centuries, Limited liability are a
relatively modern form of entity that enjoys benefits of both the corporate
and partnership forms. LLC members typically enjoy limited personal liability,
while preserving “flow through” taxation at the enterprise
level, and thus avoid the “double tax” on corporate and personal
income. At The Law Offices of David E. Oles, we assist individuals who
are forming an LLC, or going through a complicated related matter, or
are involved in a dispute. With
20 years of experience, our Alpharetta business attorney has the skills and resources to handle
even the most complex LLC-related cases.
For more information regarding LLCs or to request a case evaluation,
contact our firm today!
Common Documents and Features of Limited Liability Companies
Articles of Organization – To establish a corporation, there must generally be articles of
organization that are filed with the state by an incorporator, and contain
at least minimum legal provisions.
Certificate of Formation - Each state requires certain minimum information ben provided and filed
with the state in order to establish a limited liability company, which
is owned by “members” instead of shareholders. This includes,
for example, the name and primary office location, and the registered
agent of the company. The information that must be included is established
by state law.
Operating Agreement - Where there is more than one member in an LLC, an operating agreement
establishes, among other things, the relationship between the members,
including their ownership percentages, their relative rights, the manner
by which the business is managed and decisions are made, and the manner
in which members are admitted and withdraw from the company.
Contribution Agreement - Special conditions may apply to members that contribute large or significant
assets to the company. Contribution agreements may set out the conditions
under which the contribution is made, its form, and any ownership acquired
for the contribution.
No Formalities - Generally limited liability companies do not require the formalities
of the corporate form. Thus they need not have annual meetings or take
other actions statutorily required for corporations.