The Carolinas may have an old pedigree, but both are becoming hip and youthful states with burgeoning economies. With Charlotte, Wilmington, and Raleigh-Durham in the north and Greensboro, Spartanburg, and Columbia in the south, the Carolinas are full of prosperous cities and towns. While the traditional industries of farming, ranching, and growing cash crops are still big business, the Carolinas have a modernized economy with some of the most bleeding-edge industries out there. Entertainment, technology, banking, manufacturing, and even textiles are getting big.

North and South Carlonia are both excellent places to use cost segregation. Thanks to newer construction and a constant tide of renovations, there are many eligible commercial properties. A busy hurricane season only enhances this, especially for external short-life depreciation targets like landscaping and fencing. Apartments are the most frequent target and both Carolinas are loaded with multifamily housing. This type of commercial property offers ample opportunity for both internal and external components.

While you can do cost segregation by yourself, you usually leave a lot of money on the table thanks to missing a bunch of esoteric sources of depreciation. If you join forces with O’Connor, you will get expert help in not only finding this depreciation, but in preparing your cost segregation report. Our experts have done over 10,000 successful cost segregation reports, all of which have met the IRS requirements of accurate methods, results, and documentation. The table below shows just a few clients in North and South Carolina that we have helped.