Ingersoll & Hicks, family attorneys and business attorneys serving clients in NC and SC
Main Office 1590 Westbrook Plaza Drive, Suite 203 Winston-Salem, NC 27103 336-794-2278 336-794-2281 fax
South Carolina Office 330 E. Coffee Street Greenville, SC 29601 864-527-5924
Legal Services Estate Planning Estate Administration Business Law Elder Law Tax Exemption
© Copyright Ingersoll & Hicks, PLLC.  All rights reserved.  |  Read Our Legal Disclaimer  |  Web development by A Better Web, Inc. 
Ingersoll & Hicks provide estate planning and estate administration, business legal services, npo legal services, and legal services concerning elder law in North Carolina and South Carolina
Limited liability companies (LLCs) are a popular choice because they can fit into many different situations.  LLCs are unique in the sense that it can be taxed in several different ways: as a sole proprietorship or shadow entity; as a partnership; or as a C-Corporation. In addition, the limited liability company may be owned by individuals, Trusts, or other companies.
877.794.2279
Plan ahead for your LLC formation and management with professional legal advice from Ingersoll & Hicks Limited LiabilityCompany Benefits: 	Limited liability to the owners up to the extent of their investment 	Flow through tax treatment such that the entity will not pay tax if desired 	Serves as a means to hold investment real estate, and when such property is sold no additional corporate tax is assessed
The limited liability company and the limited family partnership can also be a great means for transferring business ownership to family. Any property held by the limited liability company or limited family partnership can be discounted for lack of marketability for reasons that the ownership in the business will be held only by family members. In addition, ownership interest in the limited liability company and the limited family partnership can be gifted to family over time thus reducing the amount of ownership interest or property held by the taxpayer, thus reducing the estate tax liability. The heirs receiving such gifts of interest, however, receive no control or vote or have the right to receive any benefit of property in the limited liability company until the taxpayer transfers management decision making and voting control to them. This serves as a tremendous tool to retain control over property yet transfer away the value to reduce estate taxes.
We have extensive expertise in advising our clients on the formation and review of limited liability companies and partnerships, and can help you make sure your company is in compliance with all tax laws.
Proper formation and management of an Limited Liability Company can ensure you maintain the proper tax benefits and limits on owner liability.  Contact Ingersoll & Hicks if you need help establishing or maintaining a Limited Liability Company.  We have the expertise to keep you in compliance while maximizing your benefits.
LLCs have unique guidelines and tax laws.  Let Ingersoll & Hicks help you navigate the business laws for your LLC in NC or SC. Proper formation and management of a Limited Liability Company can ensure you maintain the proper benefits and protections.
Ingersoll & Hicks, family attorneys and business attorneys serving clients in NC and SC
Main Office 1590 Westbrook Plaza Drive Suite 203 Winston-Salem, NC 27103 336-794-2278 336-794-2281 fax
South Carolina Office 330 E. Coffee Street Greenville, SC 29601 864-527-5924
Legal Services Estate Planning Estate Administration Business Law Elder Law Tax Exemption
© Copyright Ingersoll & Hicks, PLLC.  All rights reserved. Read Our Legal Disclaimer Web development by A Better Web, Inc.
Ingersoll & Hicks provide estate planning and estate administration, business legal services, npo legal services, and legal services concerning elder law in North Carolina and South Carolina
Limited liability companies (LLCs) are a popular choice because they can fit into many different situations.  LLCs are unique in the sense that it can be taxed in several different ways: as a sole proprietorship or shadow entity; as a partnership; or as a C-Corporation. In addition, the limited liability company may be owned by individuals, Trusts, or other companies.
877.794.2279
Plan ahead for your LLC formation and management with professional legal advice from Ingersoll & Hicks Limited LiabilityCompany Benefits: 	Limited liability to the owners up to the extent of their investment 	Flow through tax treatment such that the entity will not pay tax if desired 	Serves as a means to hold investment real estate, and when such property is sold no additional corporate tax is assessed
The limited liability company and the limited family partnership can also be a great means for transferring business ownership to family. Any property held by the limited liability company or limited family partnership can be discounted for lack of marketability for reasons that the ownership in the business will be held only by family members. In addition, ownership interest in the limited liability company and the limited family partnership can be gifted to family over time thus reducing the amount of ownership interest or property held by the taxpayer, thus reducing the estate tax liability. The heirs receiving such gifts of interest, however, receive no control or vote or have the right to receive any benefit of property in the limited liability company until the taxpayer transfers management decision making and voting control to them. This serves as a tremendous tool to retain control over property yet transfer away the value to reduce estate taxes.
We have extensive expertise in advising our clients on the formation and review of limited liability companies and partnerships, and can help you make sure your company is in compliance with all tax laws.
Proper formation and management of an Limited Liability Company can ensure you maintain the proper tax benefits and limits on owner liability.  Contact Ingersoll & Hicks if you need help establishing or maintaining a Limited Liability Company.  We have the expertise to keep you in compliance while maximizing your benefits.
LLCs have unique guidelines and tax laws.  Let Ingersoll & Hicks help you navigate the business laws for your LLC in NC or SC. Proper formation and management of a Limited Liability Company can ensure you maintain the proper benefits and protections.