LLC – Patrick D. Newton, P.C.

Business Planning Archive by category "LLC"

Reasons to convert your corporation to an LLC

Patrick August 13, 2016 August 13, 2016Business Planning, LLC, Tax

Creditor Protection for the company. Both corporations and LLCs provide creditor protection for the owner. That is, if the company gets sued, the shareholders should be protected from that lawsuit through the limited liability concept for corporations and LLCs. However, if an owner of corporate stock is sued personally (a …

Does my LLC need formal Annual Meetings?

Patrick July 9, 2016 July 12, 2016Business Planning, LLC

The law does generally not require meetings of Limited Liability Companies, Trusts, and Limited Partnerships. However, a Limited Partnership or Limited Liability Company (LLC) is a business, and most businesses do have regularly scheduled meetings of the management team and the owners. To help make sure my clients formalize this, …

Category: LLC

Reasons to convert your corporation to an LLC

Does my LLC need formal Annual Meetings?

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