To take your business to the next level, you want to merge with an existing company in North Carolina. Because this represents your first merger, you want to make sure you understand the process fully. Chron explains the procedure for combining two companies. Ensure...
Business Law
Can you lose your LLC’s personal liability protections?
Succeeding in business often requires some financial risk. By forming a limited liability company, you protect your assets from your creditors. That is, if someone wants to sue your LLC for unpaid bills or anything else, only your business venture's assets are likely...
What elements must a contract include?
As a business owner, the contracts you make with your suppliers, distributors, employees and customers help keep your company running smoothly and efficiently. Consequently, you need to know the elements that a legally valid contract must have. The Legal Information...
The pros and cons of forming a limited liability company
You have options when it comes to incorporating your North Carolina business, and different business formation types offer different benefits and drawbacks. A limited liability company is a popular choice among many entrepreneurs who desire the protections a...
How can I dissolve my business?
As a business owner, you must make the right decisions for continued success. One aspect of this is knowing when to close or sell your business when the time is appropriate. According to the Small Business Association, there are a few different methods for dissolving...
How to prepare for your upcoming court trial
If you are dealing with business litigation, you may be unsure as to what your next steps are. Although facing trial can be overwhelming, preparing for it not only helps with anxiety, but it also improves the chances of a better outcome. There are some general rules...
Should I send a cease and desist letter?
If you discover someone is using your business's intellectual property, the first step to take is usually sending a cease and desist letter. However, this may not always be the right move. Cornell Law School states that a cease and desist letter is merely a warning...
How can I avoid litigation?
Savvy business owners know that avoiding litigation when possible is the smartest choice. Litigation is extremely expensive, frustrating and it can ruin valuable business relationships. Not to mention, it is much wiser to spend time on building your business as...
What benefits do limited liability companies offer?
The business structure that may serve your needs most effectively depends largely on the type of North Carolina business you wish to operate. While there are a number of different business structures, one of the most popular is the limited liability company. This is...
How will you protect your business if a lawsuit threatens?
If you are a small businessperson, it is not unreasonable to think that you might face a lawsuit at some point in your career. Knowing how best to protect your business is essential, and fortunately, there are several effective steps you can take to do so. Understand...