What is an LLC?

Find the right LLC attorney in Beaufort, SC

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine benefits from across several 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. Also like corporations, LLC's can 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 historically 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 South Carolina that authorized its formation.

Can My Business Be Formed as an LLC?

South Carolina allows a company to incorporate using the business form it chooses. To begin as an LLC, a company simply files the necessary form with the Secretary of State. However, there may be an additional fee required for forming your LLC, determined by South Carolina laws that govern the formation and actions of LLC's. Applicable laws are a primary consideration in the decision of whether to organize as an LLC. The right business structure for your company may be difficult to find, but different structures can end up saving your company a lot of money.

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

A business in Beaufort may change its form under particular conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable South Carolina laws.

How Can an Attorney Help?

Attorneys practicing business law in South Carolina can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Beaufort

The city of Beaufort is the county seat of Beaufort County in South Carolina. Beaufort is situated on Port Royal Islands, in the Sea Islands and Lowcountry areas. Sometimes the city is confused with a city of the same name in North Carolina- the two have the same spelling but are pronounced differently.

Beaufort is known for its scenery and historic feel. Many of the buildings located there are done in antebellum style architecture. It is the second oldest city in the state and boasts a population of about 13,000. The downtown historic district is where much of the original Beaufort settlement can still be found. Other neighborhoods include the Pigeon Point, West End, Spanish Point, and Battery Creek areas.

Tourism has become the main focal point of the Beaufort economy. The city's hotel and bed breakfast scene thrives due to visitors seeking beach vacations, golfing areas, and watersport opportunities.

Lawyers in Beaufort usually visit the Beaufort Municipal Court when filing claims. Many Beaufort, South Carolina lawyers are members of the Beaufort County Bar Association as well as the South Carolina Bar Association. Beaufort lawyers specialize in a variety of legal fields and practices.

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