Business Entities

North Carolina Business Start-Up Lawyers

Choosing the right entity for your business is important for asset protection, tax benefits, legal liability and a variety of other reasons. However, choosing which entity best fits your business needs often requires the legal knowledge of a skilled business start-up attorney. Since 1984, the attorneys at Bagwell Holt Smith Jones & Crowson, P.A. have helped business owners with formation issues make the best possible entity selection. We provide information on each type of business entity available to you and let you decide which one will work for you. To learn more about our firm and what we can do to help you, contact our offices in Chapel Hill or Morrisville, North Carolina.

As a corporate formation law firm, we are knowledgeable about what it takes to start a business and how to capitalize on the assets gained. Part of this is choosing an entity that fits the goals and needs of your business. Possible entities include:

• Limited Liability Companies (LLC): provides tax benefits and protects a shareholder's personal assets
• S-Corporation: the responsibility to pay federal income taxes is passed on to the shareholders, avoids corporate federal income tax
• C-Corporation: establishes the business as a separate entity responsible for paying applicable taxes
• Limited Liability Partnerships (LLP): the partners are the primary decision makers of the company but have limited responsibility for debts and business obligations

In addition to these corporations, there are several other entities to choose from. An experienced business start-up attorney from our firm will inform you of the advantages and disadvantages of each one.

Contact a business start-up lawyer at Bagwell Holt Smith Jones & Crowson, P.A. to learn more.