What is an LLC?

A Limited Liability Company (LLC) is a business structure that combines the limited liability protection of a corporation with the flexibility and tax advantages of a partnership or sole proprietorship. In an LLC, owners are referred to as members, and their personal assets are typically protected from the company's debts and liabilities. This means that if the LLC faces financial difficulties or legal action, the members' personal assets like homes, cars, and savings are generally not at risk beyond their investment in the company.

LLCs offer flexibility in management structure, allowing members to choose how they want to run the company. They can opt for a member-managed structure, where all members participate in decision-making, or a manager-managed structure, where designated managers handle day-to-day operations.

Learn more about how we can defend you by calling (801) 988-9400 or contacting us online.

Are you a member or shareholder of a limited liability company (LLC) or closely-held corporation?

The attorneys at Carr | Woodall can represent your LLC or corporation in resolving disputes with other businesses, partners, employees, or customers through negotiation, mediation, arbitration, or litigation involving business torts such as fraud, misrepresentation, unfair competition, interference with business relationships, and defamation. They can also help protect the LLC’s intellectual property rights by litigating cases involving trademark infringement, copyright infringement, trade secret misappropriation, and patent disputes.

Are you a minority member of a limited liability company (LLC) or corporation feeling helpless about poor management of the company?

Whether the majority member or manager is misappropriating company funds or self-dealing to enrich himself or his other companies, Carr | Woodall can help you navigate the legal waters and file a derivative action on behalf of the company and other frustrated minority owners like you.

Is there conflict among members or shareholders of your limited liability company (LLC) or closely-held corporation?

They can assist in resolving disputes among LLC members or shareholders, including matters related to ownership rights, management authority, profit distribution, and dissolution. If things are really bad, the attorneys at Carr | Woodall can petition the court for a temporary restraining order and preliminary injunction to remove a member or manager from his or her management position, freeze company bank accounts to protect assets, or appoint a receiver over the company finances. 

Learn more about how we can defend you by calling (801) 988-9400 or contacting us online.