Interested in forming a Partnership or a Limited Liability Company (LLC)? Need ongoing assistance or one-time help with the organization and maintenance of your Partnerships & LLC for your expanding business? Amy Mello has many years of experience working with Partnerships & LLC’s. in Massachusetts and Rhode Island.
- The legal definition of a Partnership as stated in the Revised Uniform Partnership Act ß 101 , is “an association of two or more persons to carry on as co-owners of a business for profit.” In a business Partnership, those who are involved together in the business enterprise share both the profits and the losses proportionally.
- An LLC is a Limited Liability Company, which is a specific form of a private limited company identified in the United States. This type of business structure combines the advantages associated with a partnership or sole proprietorship, specifically the pass-through taxation, with the limited liability benefits of a corporation.
It is important to work with an experienced attorney to represent you throughout the process of forming, organizing and maintaining Partnerships & LLC in Massachusetts and Rhode Island. Please contact Amy Mello Law to request a consultation to discuss issues relating to Partnerships & LLC.