Forming an LLC in North Carolina
A Limited Liability Company, or LLC, is one of the most common types of businesses formed. The structure of an LLC offers both features of a corporation and the flexibility of a partnership, and the owners are referred to as “members”. Businesses often form an LLC in order to protect the individual from personal liability.
Some benefits of an LLC include:
- LLCs are often more flexible when it comes to taxes and can serve as a “pass through” entity
- LLCs can have an unlimited number of “members”
- LLCs can be run by its members
What do I need to start an LLC?
- Business name and address
- Names of the people forming and managing the LLC
- Statement of purpose
Whether you are a sole-proprietor or have partners, an LLC might be right for your business. To learn more about forming an LLC and deciding if it is the right move for you, contact Marcellino & Tyson for a consultation. From start to finish, our firm counsels businesses and individuals in all matters of business law and our purpose is to provide effective legal representation so each client obtains their goals and maximizes their potential for continued success.
The purpose of Marcellino & Tyson’s blog and information postings is to provide news, general information and a general understanding of the law. All content is for informational purposes only and is not legal advice. In addition, reading our informational news does not establish an attorney-client relationship. If you are seeking legal advice, we encourage you to contact an attorney to evaluate your needs.