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Tampa LLC Attorney

If you are considering starting a limited liability company, otherwise known as an LLC,  it is important to first speak to a Tampa LLC attorney who can inform you of your rights and responsibilities when forming this type of business. The type of business structure you form will have liability and tax implications, as well as other consequences. There are also many questions you may have along the way, and the answers to them are often complicated. Our experienced attorney can explain the potential issues you may face, and help you overcome them.

What is an LLC?

One of the biggest benefits of forming an LLC is that the personal assets and rights of the owners are protected. LLCs are separate legal entities from the people who own them, who are known as members. According to the Internal Revenue Service (IRS), LLCs can include just a single member or a number of different members. Although there are some restrictions on the types of businesses that can form as an LLC, generally speaking most businesses qualify for this type of business structure.

For tax purposes, LLCs are classed according to the number of members it includes. In most cases, members of an LLC are paid through the company even though they are not personally liable for the debts the company incurs. There are many advantages and drawbacks that come with forming an LLC. It is important to speak to a Tampa LLC attorney who can advise on what these are and provide the sound legal advice you need.

How to Form an LLC in Tampa

The first step in forming an LLC in Tampa is to select a name for the business that is in compliance with Florida law. The name of the company must indicate that the business is an LLC and you must also make sure the business name is not a duplicate of an existing business’ name. You must then file all of the paperwork that state law requires to form an LLC.

LLCs also need an operating agreement and so, this must be drafted before you start your company. Depending on the type of business you want to start, you may also need to obtain certain licenses. It is important that you comply with these requirements, and all other state laws, so neither you nor your business suffers serious consequences in the future.

Speak to Our LLC Attorney in Tampa Today

Whether you are forming a new company or you simply want to make sure your current business has the necessary protections, establishing an LLC can be very beneficial. However, this type of business structure is not the right choice for all companies. Before starting the process, it is critical that you speak to our Tampa LLC attorney at BBDG Law first. Our experienced attorney can outline the advantages and disadvantages of this type of business structure, and help you through the process of forming your company to ensure it complies with state law. Call us now at (813) 221-3759 or fill out our online form to schedule a consultation.