Entity Creation: Corporations, LLCs & Partnerships
Establishing the right legal entity is one of the most important decisions for any new or growing business. At Ferikes Bleynat & Cannon, we provide comprehensive legal guidance to help businesses in Asheville, Waynesville, and across Western North Carolina select and form the right entity, whether it be a corporation, LLC, or partnership. The structure you choose will impact everything from liability to taxes and management, making it crucial to have experienced legal counsel by your side.
Choosing the Right Entity for Your Business
Each type of business entity offers distinct advantages and considerations. We help you understand your options and guide you through the formation process to ensure the best fit for your company’s goals and needs. Common entity types include:
- Corporations: Ideal for businesses seeking to raise capital or offer stock options, corporations provide limited liability to owners but are subject to stricter regulations and potential double taxation.
- Limited Liability Companies (LLCs): Offering flexibility in management and taxation, LLCs protect owners from personal liability while allowing them to benefit from pass-through taxation.
- Partnerships: Partnerships offer a simple structure with shared ownership and responsibility, ideal for businesses with multiple founders who seek direct control over operations.
Our attorneys will help you assess the pros and cons of each entity type and make recommendations based on your long-term business objectives.
ASHEVILLE OFFICE
WAYNESVILLE OFFICE
Legal Services for Entity Creation
Once you’ve selected the appropriate structure for your business, Ferikes Bleynat & Cannon provides the legal services needed to form and register your entity, including:
- Drafting and filing formation documents: We prepare and submit all necessary documents with the North Carolina Secretary of State, ensuring your entity is legally compliant from the start.
- Drafting governing documents: We draft articles of incorporation, operating agreements, and bylaws to clearly define your company’s structure, management roles, and operating procedures.
- Compliance with regulations: We ensure that your business complies with state and federal regulations, including securing necessary permits, licenses, and tax identification numbers.
- Advising on liability and taxation: Our attorneys provide insight into liability protection, ownership interests, and tax strategies to help you minimize risk and maximize profits.
Ongoing Legal Support
Beyond the initial formation, our firm offers ongoing legal support to help you manage the complexities of operating your business. We can assist with:
- Corporate governance: Ensuring that your business follows legal protocols, such as holding regular meetings and maintaining proper records.
- Partnership agreements: Drafting agreements that clearly outline the roles, responsibilities, and rights of each partner.
- Business restructuring: Assisting with ownership changes, mergers, or dissolutions as your business evolves.
Why Choose Ferikes Bleynat & Cannon?
With extensive experience in business law, our team is committed to helping entrepreneurs and business owners lay a strong legal foundation. Our attorneys provide personalized, detailed guidance to ensure that your business is set up for long-term success. From selecting the right entity to managing ongoing legal matters, Ferikes Bleynat & Cannon is here to support your business at every stage of its growth.
Contact Us
If you’re ready to form a corporation, LLC, or partnership, contact Ferikes Bleynat & Cannon for expert legal assistance. Our offices in Asheville and Waynesville are ready to help you navigate the complexities of entity creation. Call us today or visit our website to schedule a consultation.
