This time of year often leaves people wondering how long they should keep their financial records, which ones are important, and why they should be kept. In addition, certain corporate records can and should be discarded on a regular schedule, while other should be maintained forever. Tax and Financial Records: What’s important Federal tax returns [...]

North Carolina law requires any business with three or more employees (including owners working in the business) to carry workers compensation insurance.  Until recently, there wasn’t much penalty to employers who scoffed at this law. 

We are sometimes asked to form a limited liability company for a new North Carolina business that wants to be taxed like an S-corporation.  Yes, we can do that, but why?

Heading to the office today, I heard a young man behind me say, “Well, I’d been there six- and-a-half years, so it was time to move on.”  A few steps later, I heard him add, “Well, it was time for me to get health insurance.” This random comment fell right in line with the just [...]

Small business owners in the Triangle are invited to attend a free corporate legal clinic on Friday, October 28, 2011, sponsored by the Durham County Bar Association, North Carolina Lawyers for Entrepreneurs Assistance Project (NC LEAP) and the Small Business Center at Durham Technical Community College.

A recent blog at The Entrepreneurial Mind discussed  when extreme bootstrapped startups need to spend money on their first big-ticket items: office space and employees.  While I appreciate a controlled burn rate and spending as much as anyone,  entrepreneurs who are most likely to succeed establish relationships with their business attorney, CPA, banker, and commercial [...]