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What is a Disregarded Entity in North Carolina?

What is a Disregarded Entity in North Carolina?

What is a disregarded entity? In the most basic sense, it is a business type that the federal government ignores for tax purposes. The most common disregarded entity for federal income tax purposes is the single-member limited liability company (SMLLC). Let's look at...
Business License vs LLC: What’s the Difference?

Business License vs LLC: What’s the Difference?

When starting a business, one of the first decisions you’ll need to make is what business structure to use. There are a few different options to get off the ground as a business, but two of the most common ways to start include getting a business license and starting...