If you started your business during the pandemic, you are certainly far from alone. Many people took their time away from their day job and put it to good use, starting something new. While this is certainly a great thing, some owners are just now starting to think about the legal and tax implications of owning their own small business. Having the right designation for your fledgling company can make a real difference in your ability to find and maintain success, so when it is time to make it official, reach out to a trusted local attorney to understand the advantages of LLC formation.
With The Law Office of Larracuente & Goulden in Milford, CT, you can focus more on doing what you love, and less on the tax designation of your business. This is an important step in being a responsible company, and doing things without it can come back to haunt you. So, if you are ready to take your operation to a new level, ask our team about whether forming an LLC is the right move for you. To find out more about small business designations (and why they matter), give us a call today.
Is LLC Formation Right For Your Small Business?
To know the answer to this, you have to first understand what an LLC is and how it impacts small business ownership. An LLC is a Limited Liability Company, and as a legal and tax designation, it gives you certain protections. It also means that you have certain responsibilities, so it is important to talk to your attorney about whether this is the right fit for you.
One of the biggest benefits of LLC formation in the state of Connecticut and beyond is that it helps to separate your personal finances from that of your company. This means that during a bankruptcy, the courts can look at your business alone, rather than lumping everything together. In these instances, creating an LLC can make a significant difference in outcome.
Taking Steps To Make It Official
When you and your attorney decide that forming a limited liability company is the right move, there are certain steps that you need to take. These include finding a unique name, which might be tougher than it sounds. You also need to work alongside a registered agent in our state, and that’s where we come in. We can help you through every stage of the LLC formation process, helping you to spend less time on the legal side, and more time doing what you love.
Find Out More With Larracuente & Goulden
If it is time to make your business official, talk to a local attorney about your next steps. To learn more about LLC formation, call The Law Office of Larracuente & Goulden, LLC in Milford, CT at (203)951-6688 today!
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