llc formation milford ctWe get it: running a small business can be a whirlwind, and it always seems like you are running behind. But if you have been holding off on designating your company in the right way, it could pose problems for you in the future. Some small businesses can become so caught up in the daily activities that they lose sight of their legal responsibilities, but it is important to make sure that you have done your homework, and an LLC formation can help you to do just that.

At The Law Office Of Larracuente & Golden in Milford, CT, we understand the importance of doing things right as a small business. In order to file the appropriate taxes and protect yourself as an individual, forming an LLC is a crucial step. This special tax designation is one of the most commonly used in the United States and for good reason. Talk to our team to learn more about your next steps in keeping your business on the right track!

Will Forming An LLC Help My Small Business?

This question depends on a few factors, which is why it is so helpful to talk to a trusted legal professional about your situation. Both federal and state governments require that you are appropriately designated, and you want to make sure that you are paying accurate taxes. If you started your business during the pandemic, you might be behind in this important step.

Companies that began at home are also commonly at risk of falling short in their tax designation. We understand that the line between a home business and a profession can sometimes be blurry, but you need to do the right thing in the eyes of the law. Talk to our team to learn if an LLC formation is right for your small business.

What Exactly Is A Limited Liability Company?

Owners might also struggle to understand the nature of a limited liability company, and so, they do not see the value in its formation. The “limited liability” within the name describes its ability to keep your personal financial situation from that of your business. What this means is that if your business should ever need to file for bankruptcy or insolvency, your own personal wealth can stay separate.

The biggest designation with LLCs is that they are different from corporations. If you have a small business, it often does not meet those requirements. Talk to our team to find out more!

Learn More About LLC Formation

You want to make sure that you have the right designation for your business, and we can help with that. To find out more, talk to our team of trusted attorneys at The Law Office of Larracuente & Goulden, LLC in Milford, CT at (203)951-6688.