Helping North Carolina entrepreneurs establish their business entities
If you’ve decided to start a business in Chantilly, it’s a good bet that you are already familiar with the business climate here and are eager to bring your product or service to a community that will embrace it. But the essential first step in forming your business is deciding what kind of business entity best meets your goals and needs. It’s not a decision to be taken lightly, and the legal complexities involved can be intimidating and overwhelming.
At [sitenamel, our OBX-based attorney Bryce D. Neier offers more than 30 years of combined business law experience and is dedicated to seeing your enterprise start off on the best possible footing. And that beginning can only be a success when you’ve given careful thought to what kind of business to form and have received sound counsel from lawyers who can leverage their skills and experience on your behalf. We’ve helped many Brunswick County and Wilmington, NC entrepreneurs navigate the legal labyrinth of business formation and can offer you the same knowledgeable and readily available advice.
Business formation that matches your specific goals
The type of business entity you choose depends upon a range of factors but is governed legally by the number of owners, officers, managers, and employees that will form it. Whether that entity is a limited liability company (LLC) or a corporation, our experienced business law attorneys can guide you in setting up your enterprise to succeed. The main differences between an LLC and a corporation are as follows:
- Limited liability company: This entity allows the greatest flexibility in your business structure. It has members who are also owners. It can also have managers, elected by the members, and officers, whose existence and roles are decided upon by members and managers. You don’t have to have an annual meeting or file annual reports, and you have several options for tax treatment.
- Incorporation: Every corporation in Virginia has the same corporate structure: It must include shareholders, directors, officers, and employees. It must file an annual report, must pay a reasonable salary to officers, and its tax structure will be defined by the type of corporation formed—a C corporation or an S corporation, whose profits are taxed at different levels.
Whichever business entity you choose, you should be represented by attorneys well versed in business law—and well acquainted with the local business community—who’ll not only get you up and running but also give you the best possible chance of succeeding at your new venture. Hale Ball offers you that chance.
Contact us for help forming your business
The Law Office of Bryce D. Neier PLLC serving new, emerging and established businesses throughout Southeat North Carolina, Wilmington, Oak Island, and throughout the Outer Banks. To meet with our attorney, Bryce D. Neier, to discuss your business needs, call 910-423-5000 or email us through our website.
