7 DIY Mistakes Entrepreneurs Make When They Skimp on Legal
Many small businesses don’t know what they don’t know, and one place they often skimp is in hiring an attorney to set up their business. What they don’t know can cost them down the road.
Forming an Entity Outside of NC
Tt may make sense for a North Carolina resident in some specific situations to charter an entity in another state, but for most small businesses, the extra complexity and costs are a deal-killer.
Having an Entity is Not Enough
,Generally speaking, if an entity is properly formed, properly maintained and properly capitalized, the founders of a corporation or LLC (an entity) risk only their initial capital contribution.
