May 2021

Step-by-Step Guide: How to Register a Small Business in Wilmington, North Carolina and with the IRS 1. Choosing and Reserving a Small Business Name In NC How to Choose a Small Business Name? The name of your small business is the foundation of your brand and plays a significant role in growing your brand and consumer perceptions. Your small business name is usually the first element of your brand that customers will encounter. It is therefore essential that the name of your small business is memorable, original, relevant, distinctive, authentic, enduring, and resonates with your target audience. Also read the “Create and Build Up YourRead More →

How to Choose a Small Business Structure / Legal Form in Wilmington, NC The small business structure is one of the early and most important decisions a small business entrepreneur must take at startup. There are several basic business structures, or legal forms of organization, available to small business in in North Carolina; including Sole Proprietorship, General Partnership, Limited Liability Partnership (LLP), Corporation (C), S-Corporation, Limited Liability Company (LLC) and Non-Profit Organizations. The legal form of the small business affects its decision-making authority, financial liability, regulation, and taxation. Factors Influencing the Choice of a Small Business Structure / Legal Form The factors that will influenceRead More →