Highland LLC Formation Lawyer
Forming an LLC — or limited liability company — can be an effective solution to many legal problems. Nowadays, many families choose to own property, like family farms, this way. Forming a family business helps families effectively run farms or other endeavors while protecting their interests.
At the Highland, Illinois, office of Donald R. Johannes, Attorney at Law, we can help you decide if an LLC is right for you, your family or your business venture. When you visit our law office, we will take the time to talk with you about your options. We will discuss your needs, family, wishes, personality and options. Then, we will make recommendations about which course of action is best. Of course, the choice of how to act is always yours.
The Benefits Of Starting, Organizing And Managing An LLC For A Farm Business
An LLC can provide many benefits to farm families in Illinois, including:
- Creating an operating entity from which to run the farm business
- Liability protection for the LLC owners — people would sue the business and not the individuals
- A valuable estate planning tool to manage estate taxes and estate distributions — passing the family farm down to the right people instead of dividing it up in probate
- A business succession planning tool with positive tax consequences
Contact A Madison County Attorney About Your Limited Liability Company
Get an experienced lawyer’s answer to your questions about a limited liability company. We invite you to call 618-654-7454 or toll free at 888-856-6039, or to contact us online to schedule a confidential consultation with a Highland LLC formation attorney.