LLC Operations Law News
Different Entity Choices LLC Operations
Limited Liability Companies – have become increasingly popular, though they are a fairly recent creations, starting in the mid to late 90's. Wyoming, is an exception, with their state adopting the statutes in the mid 70's.
LLC Operations
Limited liability corporations, limited liability is the most important feature of this type of corporate filing. Provides limited liability for the people who own and the people who run the company. Changes can, however, be made within your operating agreement that states individuals acting against the interest of the organization, are removed from the umbrella of limited liability.
C Corporations
C Corporations are the easiest corporations to form. Owners need to simply file with the secretary of the state they are doing business in, or secretary of the commonwealth if you are filing in Massachusetts, Virginia, Pennsylvania, and Kentucky. Once approved, you then have a corporation.
S Corporations
Clearing up the misunderstandings of S Corporations. S Corporations are a limited liability entity when it is properly formed, no different than a C Corporation. You can not simply declare yourself an S Corporation, you must first file the proper paperwork with the IRS. Pass through tax treatment, is also a benefit of an S Corporation and where items of income, or loss, are passed along to the individual owner's return.
LLC Operations Lawyers

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Steven D. Goldberg
4406 Tennyson Rd. Wilmington, DE
LLC Opinion Letters, Potential Liability and Possible Protections
When a Member of the LLC is in Financial Trouble: Charging Orders, Executory Agreements in Bankruptcy, and Suggested Drafting Options
Steven D. Goldberg Attorney at Law
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