Payroll Vault Expands Footprint into North Carolina


Local Entrepreneurs Bring Financial Expertise to Serve Small Businesses in The Triangle

WAKE FOREST, NC / ACCESSWIRE / July 3, 2024 / Payroll Vault, a leading provider of payroll and workforce management services for small businesses, is excited to announce its first location in the Tar Heel State. The new location, owned and operated by husband-and-wife Ryan and Shannon Mulhearn, plans to begin serving local businesses in August.

Shannon Mulhearn of Payroll Vault of Wake Forest

Shannon brings an impressive background in mortgage-backed securities and a long career at Wells Fargo, and Ryan brings 30 years of experience in accounting and finance as a CPA. The two bring a wealth of knowledge and dedication to the venture.

“Opening a Payroll Vault franchise was a perfect fit for us in terms of the business model and our personal goals,” said Shannon Mulhearn. “We’ve been a part of The Triangle for almost 20 years and recognized the need for dedicated, personalized payroll services for our local small businesses.”

Raleigh is one of the fastest-growing metros in the country. The U.S. Census Bureau reported that Raleigh grew by more than 8,800 people from 2022 to 2023, the 10th largest increase in the country. With growth comes more small businesses that need payroll and HR services.

As part of their commitment to the community, the Mulhearns are involved in local organizations, including the Wake Area and North Raleigh Chambers of Commerce. They aim to build a business that’s not only about providing services but also about fostering community growth and success.

“Our goal is to embed Payroll Vault within the community so that local businesses recognize us as a trusted source,” said Mulhearn. “We look forward to serving locally owned small businesses and becoming an extension of their teams, offering prompt and personalized service.”

Payroll Vault of Wake Forest will offer a comprehensive suite of services, including payroll, HR, time and attendance, background checks, workers’ compensation, labor law poster services, and point of sale services in partnership with MiCamp. These offerings are designed to streamline business operations, ensure compliance, and support the growth of local businesses.?

“Shannon and Ryan’s accounting and financial expertise, passion for helping small businesses, and dedication to personalized services make them the ideal Payroll Vault franchisee,” said Sean Manning, CEO of Payroll Vault. “We can’t wait to watch the Mulhearn’s business grow.”?

To learn more about franchising opportunities with Payroll Vault, visit

Jennifer Williams???
[email protected]


About Payroll Vault Franchising??

Payroll and workforce management services are growing requirements for small businesses. Payroll Vault Franchising aims to help these businesses avoid penalties by focusing on core business operations while providing the opportunity for prospective franchisees to own a boutique-style full-service payroll company supported by a team of experts and a nationally recognized brand. Franchisees are trained on business best practices and provided systems and strategies to operate a payroll business in an increasingly in-demand industry. From the franchise launch in 2012, Payroll Vault Franchising has rapidly grown as a result of exemplary client service and is an industry leader, receiving numerous accolades and awards nationally. For more information, visit

SOURCE: Payroll Vault

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