What is an LLC?

Find the right LLC attorney in Concord, NC

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of advantages typically provided by other traditional business forms. A LLC has the advantages of a corporation's limited liability, but avoids double taxation like a partnership or sole proprietorship. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Many business forms have traditionally been aimed at the goal of limited liability, but the LLC is the most modern of these forms, having become popular since the enactment of laws in North Carolina that authorized its formation.

Can My Business Be Formed as an LLC?

In North Carolina, a business can be formed using the form that it chooses. Opening an LLC just requires that the business founders file a form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in North Carolina there are specific laws that govern the actions of LLC?s. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might take some time to find, choosing the right business structure for your company will lead to increased profitability.

Can I Change the Form of My Business to an LLC?

Under certain conditions, a business in Concord may change its form. Eligibility for conversion to a LLC is determined by North Carolina law.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local lawyers practicing business law in North Carolina.

Talk to a Business Law Attorney now!

Life in Concord

Concord, North Carolina has a storied history dating back almost 200 years. Named concord, meaning "harmony" the city of Concord is a harmonious mix of business and pleasure for tourists and residents to enjoy. Interestingly enough, Concord was honored with an "Outstanding American City" award in 2004.

With an estimated population just under 80,000 residents, Concord has an amazing legal culture with many talented lawyers for their residents to make use of whenever a legal issue may come their way. Concord lawyers are talented and trained in a range of legal specialties with years of practice to better serve their legal clients. If you find yourself in need of a lawyer in Concord, you dont have to travel far to find one!

Aside from stellar lawyers, Concord is also home to NASCAR research and development office and also home to nationally prominent racing teams. Concord is the second largest city in the Charlotte Metropolitan area, ranking just behind the state's capital. Concord education system includes both public and private schools and many local Concord attorneys grew up in the city and attended these schools. Whether you are looking for relaxation, NASCAR, or an experienced attorney, Concord has it all!

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