Limited Liability Companies

A Limited Liability Company is a relatively new entity recognized in the State of Tennessee.  A Limited Liability Company is typically taxed as a partnership. However, a Limited Liability Company provides the traditional limitation of liability normally associated with a traditional Corporation.  A Limited Liability Company is an excellent choice for a small business and businesses that may experience pass through losses to be taken in the year incurred.   Many find a Limited Liability Company provides an ease-of-use, and in the ease of tax calculations, that is not found with regards to a Corporation.

Each business is different, and each business needs to be evaluated separately.  However, a Limited Liability Company is something that we will be pleased to discuss with you, and prepare for you.