Businesses are created when one or more people decide to go into business together. The first step in business formation is to choose the business entity that best suits your needs. There are several business entities to choose from, each with its advantages and disadvantages. The most common business entities in North Carolina are sole proprietorships, partnerships, limited partnerships, limited liability partnerships, limited liability companies, and corporations (S-Corp and C-Corp).
Sole proprietorships and general partnerships are the simplest business entities to form and operate in North Carolina. Neither entity is required to register with the state before doing business. All that is required is for the sole proprietor or partnership to file an assumed name certificate with the Register of Deeds in the county where their principal office is located.
On the other hand, every other type of business entity, including Limited Partnerships (LP), Limited Liability Partnerships(LLP or RLLP), Limited Liability Limited Partnerships (LLLP), Limited Liability Companies (LLC), and corporations (C-Corp, S-Corp) need to register with the NC Secretary of State’s Office before they can start conducting business in North Carolina.
Why You Must Hire an Attorney for Business Formation
When you first start a business, there are a lot of important decisions to make and a lot of paperwork to fill out. It can be overwhelming, and if you’re not careful, you can make some big mistakes. That’s why it’s a good idea to have an attorney help you with the business formation in North Carolina.
An attorney can help you choose the right business entity for your company. There are a lot of different options, and the right one for you depends on several factors. An attorney can help you consider all options and make the best choice for your business. They can also help you with the paperwork involved in business formation and make sure all of the necessary documents are filed correctly and on time. This can save you a lot of headaches down the road.
Moreover, an attorney can help you comply with all of the state and federal laws that apply to your business. There are a lot of laws that business owners have to follow, and it can be challenging to keep up with all of them. An attorney can help you make sure that you comply with all of the laws that apply to your business.
Finally, an attorney can help you resolve any disputes that may arise during the course of your business. If you have a dispute with a customer or vendor, an attorney can help you resolve the issue without it turning into a legal battle.
Overall, an attorney can be a valuable asset when you’re starting a business. They can help you make important decisions, file the necessary paperwork, and comply with the law.
Legal Help You Can Trust
If you’re starting a business in Charlotte or anywhere in North Carolina, you need the best legal representation possible. That’s why you need GPS Law Group. We’re the leading business formation law firm in the state, and we can help you get your business off the ground quickly and easily.
We know the ins and outs of business formation and can help you navigate the complicated process of starting a business. Our attorneys will help you choose the right business structure, get your business registered with the state, and obtain the licenses and permits you need to operate.
We’re also experienced in business litigation, and we can help you resolve any legal issues that may arise. So if you’re looking for the best business formation lawyers in Charlotte or anywhere in North Carolina, call GPS Law Group at (704) 549-1950 or use our online contact form to send a message and set up a free consultation.
GPS Law Group serves Charlotte, North Carolina, and the surrounding communities.