If you are starting a small business for the first time, this is an exciting as well as challenging time for you. And, you can rest assured that we will inform and educate you depending on your needs. Also, rest assured that we are an experienced firm that will counsel you effectively and represent you now and into the future. If you are an entrepreneur currently in business, McNaughton & Associates, PLLC, offers continued guidance and dedication.

The most important issues in choosing an entity for your business are the tax implications for you personally and your personal liability for debts and legal matters. The state taxes both businesses and individuals. Don’t get taxed twice on the same income.

If the business is sued and loses, are you personally liable for millions of dollars? You want to have control over business decisions, but it is possible to maximize control and minimize the hazards.

Aside from the sole proprietorship, options in North Carolina include:

• C-corporation
• S-Corporation
• Business Partnership
• Limited Liability Corporation
• Limited Liability Partnership

Our business formation lawyers counsel closely-held businesses, joint ventures, minority shareholders, businesses dissolving, reorganizing, merging with or acquiring other businesses.

At our firm, there is nowhere for your case to get lost. You will deal directly with your attorney. We are regular speakers and authorities on business and construction law. We do not have the high overhead costs of a large firm, and our fees are modest.

Mr. McNaughton graduated summa cum laude from Christian Brothers University, School of Business, where he was awarded Delta Sigma Pi Scholarship Key and simultaneously earned an associate’s degree in Productivity and Quality Control (TQM).

Contact us online or by telephone at 704-841-8772 to speak with an experienced business formation lawyer.