Business Law

Refining your business model takes real skill. You have listened to your market, adjusted your approach and kept things moving. However, while your operations have evolved, your LLC operating agreement may not have. Under North Carolina's LLC Act, when an agreement...

You have a brilliant business idea but you need funding to bring it to life. So you reach out to investors who believe in your vision and offer capital to help you grow. This sounds like a dream come true, right? However, the moment these investors own a stake in your...

A contract breach occurs when one party fails to fulfill their agreed-upon obligations under a legally binding agreement. This can take many forms—failing to deliver goods or services, making late payments, not adhering to specific terms or violating confidentiality...

People creating new businesses often spend a significant amount of time considering their different options. The type of business entity that they establish can affect everything from tax obligations to personal liability. Occasionally, business owners realize that...

Small business owners and professionals running private practices have to make sure that their companies comply with all applicable state and federal regulations. The rules that govern businesses do sometimes change. Those who do not track business regulations may...

There are many details that entrepreneurs have to address when they’re starting a new business. They need to choose the business type they want to establish and obtain necessary funding. They may also require commercial space. Whether someone intends to run a retail...

Contracts are crucial for the protection of those running businesses. The terms set in a contract establish the responsibilities that one business has to another or to workers within the organization. Contracts can establish clear standards, impose requirements for...

Starting a new business is a bit of a gamble. A significant percentage of new companies fail within a few years. Entrepreneurs have a lot at risk, not the least of which is the choice to give up their current source of income and whatever resources they invest in a...

Some people approach the entity formation process with the idea that there is one right business type given their proposed model, but the truth is that there are many different business forms that can work well for companies in different scenarios. Prospective...

If you have an idea for a business, you are likely eager to turn it into a money-generating organization as quickly as possible. After all, if you have noticed a gap in the current market where there is demand but no services or product supply, other people will...