LLC formation: A Powerful Tool for Liability Protection

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 BOZARD LAW PLLC

The LLC: A Powerful Tool for Business Liability Protection

In Virginia, an LLC is a legal entity entirely separate and distinct from its members, amalgamating characteristics of both partnerships and incorporated entities. Erie Ins. Exch. v. EPC MD 15, LLC, 297 Va. 21. It shields its members from personal liability based on actions of the entity. . These entities are organized under the Virginia Limited Liability Company Act, Virginia Code §§ 13.1-1000 through 13.1-1087 Farmville Grp., LLC v. Shapiro Brown & Alt, LLP, 101 Va. Cir. 81.

Bozard Law PLLC's expertise in the formation and operation of LLCs, including the Virginia Series LLC, makes it an ideal legal partner for businesses. The firm's understanding of the distinct nature of an LLC, which combines the benefits of partnerships and corporations, is crucial for advising clients on the best entity structure for their needs. Erie Ins. Exch. v. EPC MD 15, LLC, 297 Va. 21. 

Moreover, the firm's knowledge of the legal protections offered by an LLC, such as shielding members from personal liability, is essential for clients seeking to minimize their risk exposure. The firm's familiarity with the Virginia Limited Liability Company Act ensures that it can guide clients through the complexities of forming and operating an LLC in Virginia.

Bozard Law PLLC specializes in Trusts and Estates, Divorce and Family Law, Traffic/DUI defense, and General Civil Litigation. The firm's principal, Mr. Bozard, educated at Columbia and University of Virginia Law School, has been in private practice since 2010. He was a pioneer in using the Delaware Series LLC for small business planning, tax, and liability purposes and also has a deep understanding of relevant Virginia entity rules and their benefits and drawbacks, including the newly adopted Virginia Series LLC.

Bozard Law PLLC's expertise in Virginia entity rules, including the formation and operation of LLCs, makes it an ideal legal partner for businesses seeking to form an LLC or navigate the complexities of operating an LLC in Virginia. The firm's deep understanding of the benefits and drawbacks of different entity structures, coupled with its pioneering work with the Delaware Series LLC, positions it to provide comprehensive and tailored advice to clients.