The form of your business is one of the first and most
important decisions you will have to make. If you select
the wrong form of incorporation, you may have unwanted
complications. The right form of business will enable you
to focus on your business, not the mechanics.
For most people, the benefits of incorporation are limited
liability and tax planning. Individual needs will dictate
which is the right form. One size does not fit all.
Here are the most common forms of business used in South
Carolina today:
LLC.......................................Limited Liability
Company
C Corporation.....................A standard corporation
with unlimited shareholders.
S Corporation..................... A "closely held"
corporation with a limited number of shareholders.
Partnership..........................An unincorporated
business venture among two or more people.
Sole Proprietorship............An individual conducting
business without a formal business structure.
Contact Mark D
Romness LLC for a free discussion of the benefits
and pitfalls of each.
