Limited Liability Companies

Since the adoption of the Connecticut Limited Liability Company Act in 1993, limited liability companies have generally become the business entity of choice for small and medium-sized closely held companies. In addition to all of the governance and finance issues that need to be addressed by corporations, because of the pass-through tax issues available to members of limited liability companies, the structure of ownership and the allocation of capital, income and losses among members must be analyzed carefully and adopted in a manner that complies with federal tax law. We assist limited liability companies and their members in structuring and adopting operating agreements that meet the members' business needs as well as the requirements of the Internal Revenue Code.

Our Business and Finance lawyers provide services in the following areas, among others:

For more information about our Business and Finance Department, please contact Joseph J. Arcata, Richard J. Shea, Jr. , Michael F. Mulpeter or William P. Hodges.