If you need assistance incorporating your business, we can help.
Taking the first steps to establish a business can be both exciting and challenging. There are numerous decisions that you have to make that will determine the success of your business. Let us help you get started.
Katie Lawson will assist in creating Employee ID numbers (EIN), Transfer your business to NC, self-employment tax, employee taxes, deductions, and more.
Business Types 101:
Which is the right legal entity for you?
LLC
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities. The LLC provides maximum flexibility in how you manage and run your business
Protections & Taxations
You're not personally on the hook for business liabilities
INC
When a company is incorporated, it means that it has formally designated itself as a corporation under the laws of at least one state. In other words, it has filed all the necessary legal documents with that state and is operating as a corporation in the eyes of the government and the IRS.
Protections & Taxations
You're not personally on the hook for business liabilities.
PLLC
Professional limited liability company
A business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. PLLCs are subject to the same laws as ordinary LLCs. However, the licensing board must verify each owner’s professional license and approve the PLLC’s articles of organization.
Protections & Taxations
You're not personally on the hook for business liabilities.
1099
An unincorporated business owned and run by one person. This option is the simplest, no muss, no fuss structure out there. You are entitled to all the profits of the business.
Protections & Taxations
You're responsible for all of the liability.
Additional support for your new business:
EIN set up • Contract review • Employee retention credit assistance • PPP Loans • Bookkeeping • Non-profits
Let us help you get your business started.
Contact us for a detailed consultation. We will discuss your concerns, industry and help you identify options that are best for you and your business.
919-885.4019