Once you write and execute your will, you may eventually change your mind or decide that you don’t want the provisions to be set in stone. Fortunately, North Carolina law gives you the opportunity to revoke or change your will, even once it’s become valid by execution. How to Revoke A...
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What Is Small Business Succession Planning?
In short, succession planning is your corporate exit plan. Your exit plan answers the critical question: What do you plan to do with your business when you are no longer involved in it? It may seem counterintuitive to devise an exit plan right away when you launch your business – and...
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Which Business Entity Is Right For You?
The legal structure you select for your business is critical. It will impact your tax responsibilities, your ability to raise outside funding, and your liability exposure. In this article, we will briefly review five primary legal entity types. The Sole Proprietorship As a sole proprietor, you and your business are considered...
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