by Durham Law Firm | Nov 28, 2022 | Business Law
When starting a new business in North Carolina, there are a few things to consider. One of the most important decisions is how you will structure the business. A corporation is a separate legal entity formed by filing articles of incorporation with the Secretary of...
by Durham Law Firm | Jul 20, 2022 | Business
What is a disregarded entity? In the most basic sense, it is a business type that the federal government ignores for tax purposes. The most common disregarded entity for federal income tax purposes is the single-member limited liability company (SMLLC). Let's look at...
by Durham Law Firm | Jul 7, 2022 | Business
When starting a business, one of the first decisions you’ll need to make is what business structure to use. There are a few different options to get off the ground as a business, but two of the most common ways to start include getting a business license and starting...
by Durham Law Firm | Jul 23, 2021 | Business
You may wonder whether to form an LLC taxed as a partnership or a corporation taxed as an S corporation. When starting a new business, this one decision can cost or save your new business thousands. However, with a bit of thought, you can make the best tax structure...
by Durham Law Firm | Mar 2, 2021 | Estate Planning
Joint ownership can cause unintended consequences and complications. Learn about some of these issues before choosing to jointly buy a...
