Business Law

LLC

A limited liability company (LLC) is a legal entity that, if properly utilized, can shield the owner’s personal assets from liability for business debts. To form an LLC requires filings with the Ohio Secretary of State’s office, the IRS, and the drafting of an Operating Agreement setting forth the purposes, ownership interests, and responsibilities associated with the LLC. An LLC is just one of many business entities available. You should consult with an attorney prior to determine which entity is best for you.

Non-profit Corporations

A non-profit corporation is, generally, one that has a religious or charitable purpose. Non-profit corporations, if properly formed, receive tax-exempt status with the IRS. To determine whether and which type of non-profit corporation is best for you, please consult with an attorney.