A number of people have called recently with questions about closing a fledgling business before it has really taken off.  This breaks my heart, but I thought it would be a good time to review what needs to be done to close a North Carolina business properly, regardless of its longevity. 

The final entity we will discuss is the S-corporation. 

The final entity we will explore is the corporation.  Today we will look closely at C-corporations and we will discuss the S-corp in detail another day. 

 We continue our tour of entities with the limited liability company (LLC).

A Taxing Consideration:  Choosing a Business Structure (Sole Proprietorship)
When people are starting a business, they are often very confused and overwhelmed as to how to choose an entity, or even whether they need one.  Many entrepreneurs look at limiting their legal liability but never consider the tax implications of their business entity.  The only entities [...]

As a business attorney, I tell clients they should have a trusted “kitchen cabinet” of professionals to go to for advice:  attorney, accountant, insurance agent and financial planner.  It is nice to know someone and feel comfortable before you have a problem.  Yet, finding a trustworthy professional in these fields can be daunting.  How can [...]