What North Carolina LLCs should be doing now
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 when it files its company tax return. For multi-member LLCs, that is g
What North Carolina Corporations should be doing now
A corporation is a separate legal entity from its owners that keeps the owners’ other assets separate from the corporation – if the corporation is properly run. What does it mean to properly run a corporation? 1. You should have prepared and sent W-2s to employees and 1099s to contractors or vendors by January 31. 2. The Corporation must file annual reports with the NC Secretary of State, at the same time, it files its corporate tax return (usually March 15). Many corporat
I ♥ My Employees and We ♥ Our Customers
In my experience, when employee satisfaction comes first, both the customer satisfaction level and revenues are high. In the small business environment, your employees actively represent your business culture – whether you have a thoughtful and empowering culture or your employees are slogging through the hours for the paycheck. How are you going to let your employees know how valuable and respected they are?