Business Formation

A Business Formation Attorney Serving North Carolina

We guide you through the process of starting all types of businesses

When you start a business, the excitement of launching a new venture propels you forward. You’re thinking about customers and revenue, products and services, office space and expenses. You also need to think about the legal necessities of forming a business and the many business formation options available to you.

At John F. Hanzel, P.A., we discuss these options with you and help you decide what’s best for your situation, including:

  • Sole proprietorship
  • Corporation
    • C Corporation
    • S Corporation
  • Partnership
    • General Partnership
    • Limited Partnership
  • Limited Liability Company

Each option has advantages and disadvantages based on liability issues, ownership, control, tax consequences and other matters. Let us put 40 years of experience to your advantage with sound advice and sure-handed legal guidance.

How to form a corporation or S corporation in North Carolina

In order to form a corporation or S corporation in Charlotte or elsewhere in the metro area, you must:

  • Select a name that is available for use.
  • Appoint a director or directors.
  • File an article of incorporation with the Secretary of State.
  • Create bylaws.
  • Hold an organizational meeting.
  • Issue stock certificates.
  • Obtain necessary licenses, registrations etc.
  • Open a bank account.
  • Make an election to be treated as an S corporation, if desired.

A limited liability company is another option, offering a flexible business entity that allows you to operate with fewer formalities than a corporation. But that doesn’t mean that there are no formalities. We discuss the benefits and limitations of limited liability companies with you and help you decide what is best for your situation.

 

We form corporations for clients and can walk you through the process, taking care of every legal detail. Forming a corporation and complying with the various formalities, laws, regulations and paperwork necessary to maintain a company on an ongoing basis does not have to be difficult, if you have an experienced business attorney on your side.

How to form a business partnership

Business owners may choose to form a partnership rather than a corporation. A partnership agreement is crucial, and drafting a viable agreement takes skill and understanding. Partnerships must also choose an available name and file any assumed business name with the county where the business is located. Additional licenses, registrations or other documentation may be required.

A limited liability partnership is different from a general partnership in which the partners run the business. A limited liability partnership offers the opportunity to have a general partner who runs the business day to day and limited partners who do not make daily operating decisions. The limited partners are shielded from personal liability for debts of the business beyond the amount of their investment and interest in the business.

 

Choosing the right business entity can greatly affect the success and ease of running your business, including tax status and liability for business debt. We help clients choose the right business entity for their business needs and goals. Once your business entity is formed, our Charlotte area business law professionals help with all types of transactions that occur during the life of your business.

Contact an experienced North Carolina business attorney to determine your best option for business formation

At John F. Hanzel, P.A., we form business entities for clients and help you operate your business according to the laws. For guidance on any type of business matter, or for help settling a potential or ongoing business dispute, contact John F. Hanzel, P.A. at 704-892-1375 or online today. We serve small businesses in Cornelius, Charlotte, Huntersville, Mooresville, Lincolnton, Davidson, Lake Norman and the surrounding areas. We offer a free initial consultation. Saturday appointments are available. Se habla español.