Solopreneur: I see too often that solopreneurs want to form a corporation or an LLC, but for all the wrong reasons. Here’s the 411 on if a solo business owner should form a business entity. There’s generally three or four reasons to form a business […]
Your corporation is required by statute to have a board of directors. But why, and what do they do? Find out in this quick video.
Friends and family loans can be great resources to help your business start and grow. But there are the obvious pitfalls of dealing with family when it comes to money and your business. The main thing I advise my clients on when taking money for […]
Terms of service for your commercial web site – they’re not important, right? Just go ahead and copy someone else’s, change the name at the top, and your business will be fine. Don’t even read them. Bury them in a link at the bottom of […]
North Carolina just passed its crowdfunding statute, and is currently drafting regulations to implement it. The “Providing Access to Capital for Entrepreneurs and Small Business” Act – PACES – is a N.C. law that allows N.C. businesses to raise capital from N.C. investors. If you […]
Business Succession Planning Business succession planning is important for business owners as you and your business mature. It can mean doing nothing – disasterous – working with your family and estate lawyer to transfer ownership to a family member on your death; or coming to […]
“Nonprofit” and 501(c)(3) seem to go hand in hand. But something interesting popped up on my radar the other day, it turns out that not every “not for profit” needs to qualify for tax exempt status under the Internal Revenue Code section 501(c)(3) in order […]
LLC decision making: LLCs are unique in that “ownership” has two different meanings. First, it means the right to make decisions about how the business is operated. That’s called “Membership” and “Management”. Second is a right to receive profits from the LLC, that’s called an […]
Shareholder removal. This seems to be coming up a lot lately: small businesses trying to get rid of “partners” or specifically, shareholders. This article will discuss some ways that a small North Carolina business can move out unproductive or unwanted shareholders. It’s not always easy […]
Ready to start and grow your business on the right track? Ready to learn about growing your business? Start your business out right by creating a clear framework for operating the business, growing it, working with investors, and selling it. In this business seminar we’ll […]