Corporations • Partnerships • Limited Liability Companies • Non-Profits
There are several types of business entities available in North Carolina, including Sub-S corporations, non-profit corporations, limited liability companies, joint ventures and partnerships. Each type of entity carries its own advantages and disadvantages. Making the right decision is vital to protecting a client’s personal assets from the liabilities of the business. Every client forming a business entity should be sure to consult a tax professional before scheduling an appointment with Mr. Sneed, as different business entities have different tax consequences.