Starting/Selling a Limited Liability Company Making the choice to start or sell a limited liability company, often referred to as an LLC, is not an easy determination to make. The decision becomes a lot less burdensome, however, when you have an experienced business attorney looking out for your best interests.
Starting a Limited Liability Company (LLC) If you’re thinking about starting an LLC, you’ve no doubt considered the many limited liability company advantages, including the ability to shield your personal assets should your business fail. You may not have pondered everything that goes into creating this type of business structure, however. For instance, you’ll need to draft a limited liability company operating agreement as well as articles of organization. These important documents dictate the terms and conditions of your company, including roles and responsibilities of all co-owners as well as how revenues and profits are divided.
You may also need a business lawyer to help you obtain any necessary business licenses and permits required by the federal government or local agencies.
Selling a Limited Liability Company (LLC) If and when you decide to sell your LLC, the process may not be much easier. You’ll need to have all of your company documents and finances in order prior to the sale. In addition, you must value your company, identify buyers, negotiate a deal, and draw up a formal sales agreement. While the entire process required for the sale of limited liability company may seem daunting, rest assured that an experienced business lawyer can help you sort out all of the steps involved and complete a successful sale.
How to Select the Best Business Attorney for Starting or Selling a LLC Business When preparing for the process of starting or selling a LLC company, it’s important to choose a good business lawyer who will represent you well. At a minimum, you’ll want to hire an attorney with several years of experience practicing corporate law, ideally within the LLC specialty. The lawyers and legal staff at Ensberg Law Group have helped entrepreneurs and business owners throughout Southern California form their LLCs and develop solid limited liability company agreements. We’ve also had direct experience with the sale of limited liability companies. We’d love to help you as well. Just call us today to schedule your professional consultation.