Donna Ray Berkelhammer

Donna Ray Berkelhammer

Sands Anderson PC

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‘S Wonderful, ‘S Marvelous, ‘S Unreasonable

One of the reasons to choose an S-Corp instead of an LLC is tax savings. An S-corp does not pay any taxes at the corporate level, but instead all income is passed through to the shareholders, who are responsible for a number...more

4/8/2014 - Choice of Entity Corporate Taxes LLC S-Corporation

North Carolina’s New LLC Statute: Do We Need to Revise Our Operating Agreement?

North Carolina updated its Limited Liability Act effective January 1, 2014. One of the benefits of the limited liability company has been its flexibility. It is a creature of contract, allowing much more flexibility than the...more

3/10/2014 - Choice of Entity Limited Liability Companies LLC Operating Agreements

Use Proper Terminology to Protect Your Personal Assets

Do you have a corporation or an LLC? How often do you use the proper name of your company (as it appears in the records of the Secretary of State)? Do you often shorten your name and omit the “Inc” or “LLC” on your...more

1/23/2014 - Articles of Incorporation Corporate Veil LLC

Don’t Let the Secretary of State Shutter Your Business

When you form a limited liability company or a corporation, your entity becomes a separate legal identity from you. This is what enables the company’s debts and liabilities to be separate from the yours as the owner (limited...more

12/12/2012 - LLC Secretary of State

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