The most important thing entrepreneurs and small business owners can do this week is... VOTE. Early voting for the North Carolina primaries ends on Saturday (February 29). Here is where you can vote. No IDs are required. If you prefer the actual polls on election day, mark your calendar for March 3rd.

On January 1, 2020, a California law on electronic data security went into effect. The Consumer Privacy Act (CCPA) will apply where a company: Has Headquarters in California Has Employees in California Is incorporated in California Qualified as a California ‘foreign entity Is an out of state entity with sales/transactions into California AND Has at least $25,000,000 in annual gross revenues; Buys, sells, shares, and/or receives the personal information of at least 50,000 Cali

Last week we talked about how to keep your Corporation in good standing. This week we focus on the LLC. While one benefit of an LLC is less formality, there are still some actions required to protect the owner’s limited liability. 1. You should have prepared and sent W-2s to employees and 1099s to contractors or vendors by January 31st. 2. The LLC must file annual reports with the NC Secretary of State, at the same time it files its company tax return (usually April 15th)