Limited Liability Companies

New Jersey Business Law Attorney

Limited Liability Companies

The decision to open up shop is a big one.  Obviously, a strong business plan and adequate funding are both crucial.  However, choosing the right type of business entity is also paramount. All small business owners likely consider the protection of their personal assets as a top priority. That’s understandable and strongly advisable.   Would a Limited Liability Company (“LLC”) be your best choice?

When you create an LLC as the most suitable form for your business, you are protecting yourself from liabilities and business debts. In the unwanted scenario when your limited liability company gets sued, your personal assets won’t be affected by the court judgment. In plain English, your business will be treated as a separate entity. So, you won’t be personally responsible for your LLC’s liabilities or debts.   

All that sounds great, right?  However, you should also know there are nuances in the law that pertain to single member limited liability companies.  An experienced business lawyer can explain how these laws might apply to your startup as your company prospers.

What Can LLC Lawyers Do For My Business? 

Let’s face it.  You should not only be concerned about liability but also consider tax consequences.  You might decide that you can locate documents online and create your own LLC.  However, you put yourself at risk.  For starters, working with an experienced business formation lawyer will ensure that you have chosen the correct business entity for your type of company.

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That’s why it is crucial to consult with experienced business law attorneys who are licensed in New Jersey. If you want the best for your business and newly formed limited liability company, hiring a team of skilled LLC lawyers is highly advisable. The first steps you make to create the limited liability company are crucial. There are so many things that can go wrong and so many details a newbie business enthusiast can miss. 

When you get in touch with Ocean County Law Offices of DiFrancia & Price P.C., you are teaming up with experienced business law advisors in New Jersey. You need to make sure that your LLC functions properly and that you rest easy.

It's rather a simple win-win scenario for both parties. By investing our time, knowledge, and experience in your company, we are contributing to development and growth of a long-term client.  We want your business to do well and are there to guide you past the initial business formation.

At the Law Offices of DiFrancia & Price P.C., we consider each client an important one.  We will assist you in drafting contracts and providing other business advice.  If necessary, we will also become engaged in any business disputes.  Essentially, we hope to contribute to your company’s growth and increased profit.

Operating Agreements for Your LLC

As business lawyers, we do all we can to prevent our clients from experiencing unnecessary legal issues.  Therefore, we consider an operating agreement essential to ensuring the limited liability status of your business.  We will work with you to determine the best way to tailor your company’s operating agreement to your business.  Some of the key issues that will be covered include:

  • The percentage interests of the LLC members;
  • The members’ obligations and rights;
  • The voting powers of the LLC members;
  • The allocation of profits and losses;
  • The management rights and obligations;
  • The meeting and voting rules; 
  • The rules regulating buy-sell and buyout scenarios; 

New Jersey LLC Attorneys Are Waiting For Your Call! 

It’s understandable that you may have concerns about consulting an attorney. However, your biggest worry should be about doing things the right way.  You can save lots of time and money, as well as  avoid potential legal issues.  How?   Contact the Law Office of DiFrancia & Price P.C. Our LLC lawyers can be of invaluable help in filing paperwork, drafting all agreements, and providing you with experienced legal advice. The initial consultation is free and non-obligatory.   Let our business lawyers help you start your business right.