Q: I have operated my vending company as a sole proprietorship for the past 6 years? Should I incorporate as an LLC and will it provide me with more protection?
A: It is highly advisable to incorporate your business as an LLC or as a Corporation due to the many benefits it offers. The biggest benefit comes in the form of personal asset protection and tax deductions. You should consider incorporating at the beginning of the year to enjoy the full amount of tax savings.
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The Montgomery Law Firm
6135 Park South Drive, Ste. 510
Charlotte, NC 28210
| Fax: 704-749-3136