Types of business structures
What is an LLC?
A Limited Liability Company (LLC) is one of the most popular and versatile of business structures. Great for smaller organizations, LLCs are legal entities formed at the state level. They can have 1 or multiple owners.
Why form your LLC?
Limited liability protection! In many cases, you can reduce or even eliminate your personal responsibility for business liabilities and debts. You could protect your personal assets, such as your vehicle, house, and savings account in the event your LLC faces bankruptcy or lawsuits.
The record-keeping requirements are generally more simple, compared to corporations.
You’ll have the flexibility to choose how your business is taxed.
What are the tax implications?
Members of an LLC are generally considered self-employed.
LLCs can elect how they are taxed, depending on their structure.
You’ll be required to pay tax contributions to Medicare and social security
Why Choose us?
Fast
turnaround
time
When you register with Carolina Document Services , your documents are prepared and filed with the state quickly — usually within 1 day for express orders.
Save time and avoid errors
We’ll help you form your business with confidence, ensuring the correct forms are submitted, saving you time and money, with 100% satisfaction guaranteed.
Potential tax savings
As a sole proprietor, all your profits are subject to self-employment tax. By forming your LLC with an S Corp election, you could potentially save thousands in taxes.