Chesapeake • Suffolk • Isle of Wight • Hampton Roads Business Lawyers
What is a Limited Liability Company (LLC)?
An LLC resembles and is taxed as a partnership, but it offers the benefit of limited liability like corporations. All partners have the benefit of limited liability. Limitation of a liability, of course, is only as good as the Operating Agreement and subject to personal guarantees as was discussed previously.
Free Initial Consultation
638 Independence Pkwy, Suite 240 Chesapeake, VA 23320