What is an LLC?

Find the right LLC attorney in Goldsboro, NC

The LLC, or Limited Liability Company, is a business structure that was invented to offer an array of benefits typically provided by other traditional business forms. An LLC enjoys the same type of limited liability as a corporation, but like the sole proprietorship and partnership, it is not taxed as its own entity. Like a corporation, a LLC can have unlimited shareholders, called members. But a key difference is if one of these shareholders dies or files for bankruptcy, the LLC is dissolved and will stop operations unless the remaining members form a new LLC. Limited liability has historically been a primary goal of many business forms, but since the legislature authorized it in North Carolina, the modern LLC has become increasingly popular.

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 simply 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. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company can lead to increased profits, but the process may take some time.

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

Businesses in Goldsboro may change their forms in certain circumstances. Whether a business may convert to a LLC or not is determined by North Carolina law.

How Can an Attorney Help?

Attorneys experienced in North Carolina business law can give you valuable input on whether your business would be more profitable as a LLC.

Talk to a Business Law Attorney now!

Life in Goldsboro

Goldsboro, North Carolina is a city of approximately 40,000 people. It is located in Wayne County, of which it is the county seat. Goldsboro is currently home to the Seymour Johnson Air Force Base, which is home to thousands of personnel and a major player in the local economy, bringing in young, intelligent people from all over the country. Goldsboro, North Carolina is the site of one of the most chilling incidents of the Cold War: in 1961, and American aircraft carrying two nuclear weapons broke up in midair. It released both of its bombs, and they went through several stages of the arming process. Thankfully, neither of them detonated. One of the bombs was recovered. The other landed in a muddy swamp, and was never found. It is still assumed to be buried about 55 feet underground, and has never been found. The military bought the land to prevent anyone from trying to find the bomb. Modernly, Goldsboro is home to several parks and historical sites, which are popular destinations for visitors. If you live in Goldsboro, North Carolina, and need an attorney, chances are you'll be able to find one. Goldsboro, North Carolina is home to many competent and compassionate lawyers who can handle whatever legal problem you have.

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