People often ask our Virginia LLC lawyer if they should form a limited liability company (LLC) and if LLC protection of personal assets is possible. Watch this video as a knowledgeable Fairfax tax and LLC lawyer explains more about LLCs.
A Virginia LLC is a business structure that allows owners to have limited personal liability for the debts of the LLC, making this type of business structure attractive for many people. If you are interested in setting up a business entity and want LLC protection, then you should consider a Virginia LLC. However, the Virginia LLC will not protect your personal assets from the IRS if you fail to pay your payroll taxes. Make sure you collect and pay your payroll taxes in order for the LLC to protect you.
For help setting up your business in Virginia, you should talk with a skilled Virginia LLC lawyer at the Sodowsky Law Firm, who has years of experience in tax and business law. Call us today at 703.476.1176 to schedule your confidential consultation, and also visit our website at http://www.sodowskylaw.com to read our informative articles and other resources that could benefit you.