We frequently find clients befuddled by advisors who have recommended the use of an LLC, or clients who choose themselves to set about creating an LLC, only to find that they do not know how to properly and effectively manage an LLC. Limited liability companies are a creature of statute first brought about in the State of Wyoming in 1979. Since that time, LLC legislation has been implemented in all fifty states of the USA as well as in many international business jurisdictions. Two of the most popular countries for international LLC formation are Belize in Central America and Nevis in the Caribbean.
The decision to have your LLC professionally managed is a fundamentally important one. While you may be prepared to operate your business on a day-to-day basis, LLC management often involves a completely different role. Are you prepared to work with regulators to ensure that your LLC is fully compliant with tax and local filing requirements? Do you know how to quickly and efficiently establish a bank account for your LLC? Do you have an operating agreement for your LLC, and is it effective for its intended purposes? How do you respond to a business dispute or litigation affecting the LLC or its members?
The simple fact is that most people do not know how to effectively manage an LLC to achieve maximum benefits for its managers and members. More troublesome, most lawyers are equally unprepared to advise on the salient points of LLC governance. Given that LLC legislation has only existed since 1979, and even then did not appear in most US states until the mid-1990s, most lawyers have substantially less than 30 years experience with LLCs.
At Lighthouse Management Services, LLC, members of our team wrote key components of LLC legislation in many of the leading jurisdictions for LLC formation, both in the USA and overseas. Since the early 1980s, we have worked with legislatures around the world to promote greater clarity and certainty in LLC law to help guide LLC members and managers on their rights and responsibilities. Coupled with our experience in entity management and business litigation, we are the most experienced LLC management services firm in the world.
Hiring a professional LLC manager is not expensive, and it offers greater protection than outsourcing many business functions to third parties. At Lighthouse, we work with you and your advisors to ensure that your needs are properly and efficiently served. From day-to-day management to annual reporting requirements, we are prepared to provide whatever support you may want with your limited liability company. Contact us and let us demonstrate the high value we can deliver as your LLC manager.