Call: 301.296.4445

I'm starting a new business I need help running my business Wills & Estate Planning

Blog Category:

Forming Your New Business

1/21/2011
Ilana Kramer
Comments (0)

How Does a Maryland LLC Protect My Business?

A Limited Liability Company (LLC) is its own legal person separate and apart from its owners. So, when you create an LLC for your business, the LLC itself is the business, not you; rather, you are the owner of the business.  Consequently, when a customer, supplier, employee or any third party has a problem with your business, and, more importantly, if they decide to sue, they must sue the LLC.  In this way, the owner of the LLC is not personally liable for any legal claim against the LLC.  The owner's bank account, house, and other assets are protected by creating the LLC vehicle (and sticking to certain formalities which keep the assets separate).


To create an LLC or change your corporate structure to an LLC, contact the business lawyers at the Rockville, Maryland-based Kramer Law Firm.  301-296-4445.


Labels: Choice of entity


The Kramer Law Firm LLC
2275 Research Blvd
Suite 500
Rockville, MD 20850

Maryland Small Business Lawyers
Rockville | Bethesda | Gaithersburg | Germantown | Potomac
Washington, DC



There are no comments.

Post a comment

Post a Comment to "How Does a Maryland LLC Protect My Business?"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Website:

Message:

Notify me of follow-up comments via email.

For security purposes, please enter the graphic text in the box below: [hit F5 if you can not read the text]

©2012 The Kramer Law Firm LLC, All Rights Reserved, Reproduced with Permission Privacy Policy
Attorney web design by Foster Web Marketing, the best attorney website design solution on the Web offering search engine optimization for attorneys, lawyer website design, video for attorneys, and more.
Get SEO Tips from The Attorney Internet Marketing Blog


The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

TERMS OF USE

The information provided in The Kramer Law Firm web site is offered purely for informational purposes. It is not intended to create or promote an attorney-client relationship, and does not constitute and should not be relied upon as legal advice. We intend to make every attempt to keep this information current. We do not promise or guarantee, however, that the information is correct, complete or up-to-date, and online readers should not act based upon this information without seeking professional counsel from an attorney admitted to practice in your jurisdiction.
 
Transmission of information from The Kramer Law Firm web site is not intended to create, and its receipt does not constitute, an attorney-client relationship with The Kramer Law Firm or any of its individual attorneys or personnel. If you elect to communicate with the firm through this web site, do not transmit any information about any matter (and particularly not any confidential information) that may involve you until The Kramer Law Firm LLC has agreed to represent you, and you have received confirmation of that fact in the form of a written engagement letter executed by a member of the Firm.