Many hard-working people in Connecticut view starting a business as a lifelong dream. However, the legal side of the process is an enigma to most and some, unfortunately, never avail themselves of the protections that forming a business entity can offer. Even some existing companies can benefit from forming a new entity to contain or isolate risky ventures under some circumstances.
Whatever the case may be, our New Canaan business law attorney and legal team at the Law Office of Ann Halan Brickley, LLC can help you understand how forming a limited liability company (LLC) can offer numerous advantages to you and your business, including liability protection. We work with entrepreneurs and business owners in New Canaan, Norwalk, and all of Connecticut to understand their business goals and form a plan that works for them.
The limited liability company, or LLC, is a fairly recent legal creation that combines the liability protections of a corporation with the easy administrability of a partnership while adding the flexibility to adapt to a variety of business types and management styles. Depending on the number of members (company stakeholders similar to partners), forming an LLC can offer substantial tax benefits. LLCs essentially allow business owners to gain the liability benefits of a corporation without having to adhere to strict corporate formalities or suffer double-income taxation.
Of course other entity types exist, and while the LLC is an extremely versatile and valuable legal tool, it may not be the most advantageous or appropriate form under some circumstances. An experienced New Canaan business lawyer can evaluate your individual business plan to determine if an LLC is right for you.
While many services claim to help you form your own LLC, the old adage “you get what you pay for” could not be truer. Especially in the case of multimember LLCs, a clear and comprehensive operating agreement is indispensable to the functioning of a new business. Boilerplate agreements can lead to future problems that ultimately cost many times more than you save with a do-it-yourself LLC. When you consult with an experienced Norwalk lawyer at the Law Office of Ann Halan Brickley, LLC, you can have confidence that your business is built on a sound foundation.
At the Law Office of Ann Halan Brickley, LLC we are proud to have helped entrepreneurs throughout Connecticut take the first steps toward reaching their business goals. We have a unique experience background having helped many individuals in their cases. Serving clients throughout New Canaan, including Norwalk, New Canaan, Darien, Wilton, Weston, Westport, Redding, Stamford, and Ridgefield, our firm offers evening and weekend appointments and ample free parking.
To schedule a consultation, call our New Canaan business law attorney today at (203) 599-3600 or contact us online.