Business
LLC
California
LLC and member liability?
I am interested in forming a limited liability company (LLC) and am seeking legal advice regarding the protection of my assets and the liabilities of the LLC members. I am concerned about the potential risks associated with being a member of an LLC and would like to understand what kind of protection I can expect.
1 Attorney answer
Answer
Business
California
Gagandeep K.
ContractsCounsel verified
In general, there are benefits and drawbacks in the LLC structure so it is important to weigh these in deciding if an LLC makes the most sense for your business. Some of the benefits to the LLC structure are limiting personal liability, tax advantages, and flexibility in the structure, among others. There are also some limitations to the LLC structure such as in raising investment and limitation on liability protection. You can learn more about the LLC structure, protections, and risks here https://www.contractscounsel.com/t/g/us/llc/13. For specific questions about an LLC structure as it applies to you business, please consult an attorney.
88 projects on CC
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewAsk a Question
California Business lawyers by city
- Anaheim Business Lawyers
- Bakersfield Business Lawyers
- Chula Vista Business Lawyers
- Elk Grove Business Lawyers
- Fontana Business Lawyers
- Fremont Business Lawyers
- Fresno Business Lawyers
- Glendale Business Lawyers
- Hayward Business Lawyers
- Huntington Beach Business Lawyers
- Lancaster Business Lawyers
- Long Beach Business Lawyers
- Los Angeles Business Lawyers
- Modesto Business Lawyers
- Moreno Valley Business Lawyers
- Oakland Business Lawyers
- Oceanside Business Lawyers
- Ontario Business Lawyers
- Oxnard Business Lawyers
- Pomona Business Lawyers
- Rancho Cucamonga Business Lawyers
- Riverside Business Lawyers
- Sacramento Business Lawyers
- San Bernardino Business Lawyers
- San Diego Business Lawyers
- San Francisco Business Lawyers
- San Jose Business Lawyers
- Santa Ana Business Lawyers
- Santa Clarita Business Lawyers
- Santa Rosa Business Lawyers
- Stockton Business Lawyers
Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
View Trustpilot Review
I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
View Trustpilot Review
I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
View Trustpilot Review