When starting a business in North Carolina, one key decision is structure: LLC or Corporation?
| Feature | LLC | Corporation |
|---|---|---|
| Setup | Easier | More formal requirements |
| Taxes | Pass-through by default | Double taxation (unless S-corp) |
| Paperwork | Minimal | Extensive record-keeping |
| Flexibility | More operating flexibility | Strict board/shareholder rules |
| Best for | Small businesses, freelancers | Large companies, startups with investors |
Most small business owners in NC choose an LLC for its simplicity, tax benefits, and protection. NC LLC Agents Inc can help you set up either one, depending on your needs.