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General Partnership Definition in North Carolina

General Partnership Definition in North Carolina

If you live in North Carolina and work with a business partner, you need to understand your relationship status early on. There are different types of business partnerships in NC, and if you don’t choose one, you automatically become a general partnership. Let’s look...
How Should I Pay Myself? Owner’s Draw Vs Salary

How Should I Pay Myself? Owner’s Draw Vs Salary

Many business owners ask, “Can I pay myself as an employee if I am a business owner? The answer is that you can pay yourself as a business owner, but it’s not always a “salary.” There are two main methods owners use to pay themselves. Considering which is better for...
What to Do When A Client Won’t Pay

What to Do When A Client Won’t Pay

There are solutions to prevent the likelihood of nonpayment and to obtain the money owed when a client doesn’t pay on time. Safeguard the time and money you've invested in your small business. Learn what to do when a client won't...
Starting a New Business: Tax Considerations

Starting a New Business: Tax Considerations

You may wonder whether to form an LLC taxed as a partnership or a corporation taxed as an S corporation. When starting a new business, this one decision can cost or save your new business thousands. However, with a bit of thought, you can make the best tax structure...
Who Runs an LLC?

Who Runs an LLC?

It can be challenging to decide what type of management will work best for your LLC.  LLC operating agreements are very flexible and the management structure can be tailored for your business. Given the flexibility and wide range of choices, it can be challenging to...