The legal business form of the LLC, or Limited Liability Company, offers the advantages of several other traditional business forms. A LLC has the advantages of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. LLC's, like corporations, may also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. For hundreds of years, limited liability has been a main goal of some business forms, but since the Indiana legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?


Can I Change the Form of My Business to an LLC?

Businesses in Greenwood may change their forms in particular circumstances. Whether a business may convert to a LLC or not is determined by Indiana law.

How Can an Attorney Help?

A lawyer versed in Indiana business law will be able to advise you of the advantages and costs for forming and maintaining a LLC.