Perhaps the most-sought-after type of business organization, LLCs provide the flexibility of a partnership with many of the same liability protections and organizational advantages of a corporation. Whether you need an LLC, Professional Limited Liability Company (PLLC), Series LLC, or a Low-profit Liability Company (L3C), we have the experience and tools to provide the business formation and ongoing legal services you need at a price that reflects the value they will add to your business.
An LLC is governed by its Operating Agreement and the LLC statute in the jurisdiction in which it was formed. It is critical that your Operating Agreement reflect the unique organizational, financial, legal, and structural aspects of your business. Having a “one-size-fits-all” Operating Agreement is a bad idea, because usually one size does not fit all. When deciding how you are going to spend money to start a your company, spending good money to have a well-drafted Operating Agreement created by competent business attorney for your business is one of the best choices you can make.
There are 4 basic types of LLCs in the State of Tennessee. Read more below or contact us to determine which is the best fit for your business.