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Business Incorporation Awendaw SC
Business Incorporation graphic in Awendaw SC

Find Legal Assistance with Business Incorporation in Awendaw SC

Incorporating your business is no simple task. There are numerous legal hurdles and extensive documentation that must be completed before considering business incorporation in Awendaw SC. However, incorporation doesn’t have to be complicated with help from the local business law professionals at Buxton & Collie, LLC. Allow our team to guide you through the process and assist in your company’s growth.

Understanding Incorporation

Before incorporation, all of a business’s profit, debts, assets and operations go through one or a few individuals. As a sole proprietor, you are responsible for any action your company takes. However, through incorporation, your company is established as either an S-Corp, C-Corp or limited liability company (LLC). In other terms, incorporation allows your company to be its own legal entity and have it formally recognized by the state.

Should You Incorporate?

Business incorporation in Awendaw SC is beneficial for any company, no matter the size. As a corporation or LLC, your business is afforded certain benefits that aren’t otherwise available to unincorporated companies. Such benefits include:

  • Legal Protection/Limited Liability – As mentioned previously, as the sole proprietor, you are responsible for any action your business takes. However, through incorporation, you separate your personal assets and finances from your company. Thus, if your company ever faces litigation or loss, it does not directly affect your assets.
  • Organization Structure – Instead of having your company managed by yourself or a few shareholders, incorporation allows for creating a better organizational structure. Through incorporation, you can establish a board, hire directors, delegate management, and create an entity that has more autonomy.
  • Business Taxes – Having your business connected to your personal taxes can prove challenging come tax season. Thankfully, your company’s taxes can be managed separately from your own with business incorporation. Furthermore, being an LLC or corporation gives your company special tax incentives, deductions and breaks through state and federal tax law.
  • More Capital Opportunities – As an unincorporated business, you must rely on income and occasional business loans for much of your financial growth. Conversely, incorporation opens the door to numerous capital opportunities. For example, corporations can issue shares of stocks, apply for lines of credit, acquire better business loans, and more.
Business Incorporation meeting taking place in Awendaw SC

Make the Right Choice for Your Business

With help from Buxton & Collie, LLC, we assist in restructuring your company and choosing the incorporation type best suited to your business’s needs. Our corporate attorney team can also manage various other business law services, including mergers & acquisitions, asset sales, start-up planning, corporate governance, and more. So, when you’re ready for business incorporation in Awendaw SC, or require additional business law guidance, talk with Buxton & Collie’s team. Contact us today at 843-606-2397 to schedule a consultation. Also, our office is located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.