An LLC, or limited liability company, is one of the simplest business structures available. It allows sole owners to combine the benefits and simplicity of a sole proprietorship with the limited liability of a corporation. This is why many single-owner business owners choose to start LLCs with our LLC lawyers.
However, an LLC can offer even more benefit where there are multiple members. An LLC provides all the protection of a corporation, with the flexibility of a partnership. A limited liability company, and especially an LLC with an Operating Agreement (a kind of contract between the members), can be a great way for members to benefit from liability protection, while having some flexibility in the roles and responsibilities of LLC members.
Many of our Fernandez Law Firm Clients are software and intellectual property entrepreneurs. We recommend that each separate and unique piece of intellectual property be in a separate LLC, and separately managed.
Here’s why: your IP is your own intellectual property. It has the potential to make a lot of money for you. You do not want to lose it.
If one of your business transactions goes badly, and that LLC is sued, if all of the intellectual property is in the same LLC, all of your innovations could be lost. Your life’s work could be lost.
Let us help you protect your intellectual property by properly structuring LLCs to hold your most valuable innovations and assets
Although seemingly complex at the outset, our LLC lawyers will create an LLC and Operating Agreement that is tailored to your business and will be simple to use as your business grows. We will teach you what you need to know to understand the legal structure, and to properly run the business.
Despite the simplicity of an LLC, starting an LLC can still be very complicated, and filled with irreversible errors even for experienced LLC attorneys. Our Firm spends considerable time working with new Clients and their accountants to fix expensive problems created years earlier by other LLC lawyers which could have been avoided.
Therefore, finding the best LLC lawyer before the LLC is created is extremely important.
With the help of an LLC lawyer from The Fernandez Law Firm, you can make sure that all the necessary paperwork and filings are completed properly. Our LLC attorneys will also be able to serve you and create value in your new business as your business continues to grow in the Alpharetta, GA, area.
Creating Your LLC
Here is what we do: we sit you and your partners down in our conference room and we ask you tough questions about the roles and responsibilities each member will have in the new business, and your goals for the business. We whiteboard what you want, and from that, we move forward. We have the experience to know what to ask to get you what you need, and the knowledge to guide you. There is no cookie cutter, one-size-fits all. Your business, and your business goals, are unique, and the solution we tailor for you is unique to you.
Then, we teach you LLC 101. We want our Clients to know the how and why, so they can make good business decisions. We want you to become skilled and educated professionals, and to be able to grow your business, while taking advantage of all tax benefits.
If necessary, we do a name reservation of your business legal name with the Georgia Secretary of State. We file your Articles of Organization with the GASOS. We obtain your FEIN. We file the relevant documents with the Internal Revenue Service to get you optimal and preferred tax treatment where applicable to save you money in every year your LLC is in business.
We create a Minute Book for you, which legally memorializes your paid-in LLC percentage ownership, and which contains your LLC Shares / Certificates of Interest in the limited liability company. The LLC Minute Book will also contain your LLC seal, as well as other documentation legally required to show your ownership in the LLC.
You may also need to apply for a business license, and any other relevant certifications, and we have the experience to guide and assist.
Because an educated Client is our best Client, your LLC Minute Book will contain a Memorandum specially tailored to your needs which sets forth exactly what you need to keep your LLC viable through the years, complete with reminders of dates, explanations, and the names, telephone numbers, and websites of the agencies you may need to contact. We review this Memorandum with you so that you have a clear understanding of what to expect with your new business, and to know the when and how things will occur, such as when to pay your Annual Registration to the Georgia Secretary of State.
Where necessary, our business lawyers create an Operating Agreement for your new LLC, which sets forth the roles and responsibilities of the LLC members to each other and to the limited liability company, and what financial and time commitments and what will occur if a member withdraws, dies, or is unable to contribute to the LLC.
Most of all, we simplify things in your business now and in the future so you can focus on making money.
Managing Your Company
As your business grows, our business lawyers can help with your other legal and business needs as well. The Fernandez Law Firm has an excellent reputation in negotiating real estate leases, business contracts, employee agreements, 1099 contractor agreements, equipment leases, financing, and protecting your business from litigation. Our LLC lawyers will help you reach sound decisions, prepare the correct paperwork, and properly and timely file your documentation. Your new company deserves the best, and you deserve to know that things are done properly.
Creating and running a company can be complicated, but an experienced LLC lawyer can help. To work with an LLC lawyer in Alpharetta, GA, contact The Fernandez Law Firm. Call us at (678) 667-2402to get started.