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General Partnership vs Limited Partnership

General Partnership vs Limited Partnership

If you're thinking about starting a business in North Carolina, you'll need to choose the right business structure. One option is a general partnership: an association of two or more persons carrying on a business for profit. However, this type of partnership doesn't...
S Corp vs C Corp: The North Carolina Showdown

S Corp vs C Corp: The North Carolina Showdown

When starting a new business, one of the first decisions you'll need to make is what type of business structure you need. There are many different types of entities to choose from, but two of the most common are the S corp and the C corp. Find out about the...
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...