Before the Election, Make the Correction(s)

LLC members have the right to elect that their company be taxed as an S corporation, rather than as a partnership (if there are multiple members) or a “disregarded entity” (if there is only one member). If such an election is made, the LLC will continue to be...

Why are business succession plans crucial?

North Carolina business owners like you may want to eventually retire or pass your business on to the next in line. Rather than waiting until the last possible minute, we at Revolution Law Group, suggest starting your business succession planning well in advance. A...

Can you allow dogs in your pub?

There are a lot of rules about what you can and cannot do with your business in North Carolina. While many rules make sense for safety and health, others may seem like overkill. For instance, say you want to open a pub that is dog friendly. Is that even legal? There...

More Elections for S Corporations?

Most business owners are aware of the election that has to be made to be taxed as an S corporation with the filing of Form 2553 with the Internal Revenue Service. Many business owners may not be aware of other elections that are available to existing S corporations...