The LLC Decision

Before I could turn Saguaro Shadows into a business, I did a lot of research of what I was legally required to do in Arizona to become a business, and what was best to do to become a business. Following the advice of many, I quickly decided on forming an “LLC” - Limited Liability Company. The LLC provides my personal assets some degree of financial and legal protection from potential lawsuits brought against my business. There are other options for forming a business, such as Sole Proprietorship, Partnerships, and Corporations. For my purposes in Arizona, the LLC appeared to be the best option. Forming an LLC took a lot of research. The methods of forming an LLC are different from state to state, but there are similarities. There are many web-based companies that will form the LLC for you for a fee. Perform a web search with the keywords “LLC” and your state, and you can find many resources on forming an LLC. In the end, I decided to pursue a safer, but more expensive route by using a law firm that specializes in forming LLC’s in Arizona. The lawyer was very helpful in answering my questions, and continues to provide me with free legal advice, as long as I keep the questions short. This also provided me with a relationship with a lawyer, should I ever need his services again. The lawyer took care of all the LLC details, and provided with a nice notebook containing all the legal paperwork, and more information I would need on getting my business started. For me, using a lawyer removed much of the stress, and was worth the investment.

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This page contains a single entry by Rick Paul published on February 11, 2009 3:55 AM.

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