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Starting a business can be a very exciting time and it can also prove to be stressful as the task of procuring new clients and transitioning your idea into profits can take some time to come to fruition. However, there are initial steps that should be considered by...
An Education Trust is a trust established for the exclusive purpose of financing the ever increasing costs of higher education. Education Trusts can be great planning tools for anyone looking to provide funding for the education of loved ones and are typically used by...
We had a client inquire today regarding the tax implications of their bank forgiving the deficiency amount owed after a foreclosure sale. The bank issued a 1099 of over $100,000.00 in “income” the client must report. Does the client need to pay income tax on that...
When registering your business with the Secretary of State, you are required to identify a Registered Agent. The requirement for the registered agent is set out via NC General Statute and is as follows: Must be an individual who resides in this state and whose...
Many business owners often times feel that the filing of the Articles of Organization is the final step to formalizing their business entity. There is the additional step that is suggested to formalize the rules that will govern the relationships between individuals...