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

If you’re just starting out as a business owner, you may consider how to pay yourself. Many 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...
What to Do When A Client Won’t Pay

What to Do When A Client Won’t Pay

As a small business, whether a client doesn’t pay because they don’t have the money or don’t like your work, the effect is the same for you. You’ve been stiffed and left wondering what your next steps are. It is a crappy but true fact that most companies deal with...
Starting a New Business: Tax Considerations

Starting a New Business: Tax Considerations

Entrepreneurship has been called the new American dream. If you are hanging a shingle, you are in good company. Starting a new business in 2021 statistics include : 90% of new American billionaires are self-made. In 2016, 25 million Americans were starting or already...
Are Unpaid Internships Legal?

Are Unpaid Internships Legal?

According to Business News Daily, “Small businesses have a big opportunity when it comes to interns. By developing and working with interns, you can foster growth in an inexperienced individual who could one day become a major player for your company.” As a business...