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Forming a Limited Liability Company (LLC)

Focused, personal representation for Tennessee families and businesses, with offices in Nashville and Memphis.

Last Updated: Aug 10, 2026

Read Time: 3 mins

If you are considering forming a limited liability company (LLC), you may want to see a business lawyer Memphis, TN professionals trust to walk you through the process. An LLC is a business structure that allows the simplicity of a sole proprietorship while offering the limited liability protections that comes with corporations. If you are considering an LLC for your business, your Memphis business lawyer may be able to tell you the implications of your choices.

Can All Businesses Form an LLC?
Some state laws prohibit certain professionals from joining together to form an LLC, and a business lawyer in Memphis, TN may let you know what your state limits. Generally, insurance, trust, and banking businesses aren’t allowed to form an LLC. Other professionals, such as lawyers, doctors, and accountants, may be exempt as well.

Do You Need a Certain Number of People to Form an LLC?
Any business lawyer Memphis, TN has to offer may tell you that you could form an LLC as the sole member, but this may require extra care. You may easily be considered a sole proprietorship instead, forfeiting the benefits of an LLC.

What is Pass-Through Taxation?
Pass-through taxation is one of the benefits of an LLC. It allows the profits and losses of the business to pass through to the owners of the LLC. To put it simply, an LLC isn’t seen as a simple tax entity like a corporation would be. A business lawyer Memphis, TN can provide may help you decide if you want to take on the taxes of the LLC in this way.

You might choose to have your LLC taxed as a corporation (instead of passing the taxes through yourself) which is something you may want to discuss in more detail with your lawyer and accountant.

Who Should Form an LLC?
You may want to form an LLC if you are doing business that puts you at risk for being sued. Additionally, if your business may have large amounts of debt, you may want to form an LLC to shield your personal assets from debt collectors if things should go wrong.

A business lawyer Memphis, TN trusts may also tell you that if you are starting your business with a lot of personal assets, you might want to create separation between you and the business with an LLC. This could help in the future if something should go wrong or you should be sued, your personal assets won’t be at risk.

To form an LLC, your state has a certain process you must follow to establish the business and file important documents. If you are looking to form an LLC in Tennessee, you may want to work with a Memphis business lawyer to help you get everything completed and filed properly so your LLC is ready to operate.

Contact Our Memphis TN Business Lawyer Today for Further Advice

Forming an LLC isn’t necessarily a complicated task, but you may want to get advice and legal counsel prior to doing so. A qualified lawyer may help you determine if this is the best decision for you, and that everything is done properly according to your state’s law. Call a business lawyer Memphis, TN businesses depend on at Patterson Bray by calling 901-372-5003 today.

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Client Reviews

    
 
 
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   Hailey Wade 
 23 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Patterson Bray PLLC did an excellent job with my grandmother's estate planning, and made everything easy to understand! She recommended them to a friend who went and is also very satisfied with their services.
  
 
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   Deb Clark 
 28 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My experience with this firm, particularly Judith Denham has been truly exceptional.  From the consultation to the finish, the attention to detail, listening and responding to my needs.  My documents were completed timely and professionally.  I highly recommend Patterson Bray.
  
 
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   Tanya White 
 28 days ago
 
 
 Trustindex verifies that the original source of the review is Google. PattersonBray Estate Planning was an incredible firm to work with setting up our Trust. Judith Denham was thorough, very smart, and personable as she patiently explained each part.  Gabby put together  a very professional beautiful binder for us to have, and has answered questions we have had since  then. I am so glad they were recommended to us, and we had them to walk us through this procedure.
  
 
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   Charmaine Sego 
 29 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Patterson Bray did a great job with my mother's trust.
  
 
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   Phil Chamberlain 
 45 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Patterson Bray PLLC - first class lawyers.
  
 
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   Catherine McGee 
 65 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Heath Taylor was a genuine joy to work with during my divorce: straight forward, professional, and knowledgeable. I do hope I never have the need to acquire more legal help, but if I do, he'll be my first call. Thank you for everything, Heath!!
  
 
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   Marva Johnson 
 71 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I FOUND PATTERSON BRAY AND JUDITH DENHAM TO BE PROFESSIONAL, VERY THOROUGH, AND PERSONAL. I DID NOT FEEL LIKE A CLIENT, BUT A PERSON. I AM SO IMPRESSED WITH THEM, ESPECIALLY JUDITH AND GABBY. VERY GRATEFUL FOR ASSISTANCE.
M.JOHNSON
  
 
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   Pam Nicole 
 72 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We set up a trust with Judith, at Patterson Bray and we received excellent service. Everything was explained thoroughly and everyone was very friendly and professional. I would definitely use her and the firm again, if needed.
  
 
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   Steven Creasy 
 93 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Rachel was amazing and professional. Highly recommend. Thank you!
  
 
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   Lea Carr 
 107 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Patterson Bray has a fantastic team and is always quick to respond for any need that I have. They are also great to refer clients, family, and friends to.

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Forming a Limited Liability Company (LLC)

Patterson Bray

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