To form your company, you will need to file the ‘Articles’ with the entity tasked with forming companies in your state. Each state is different, but in North Carolina, this is the Department of the Secretary of State. You can find a template for the Articles on the Secretary of State’s website here to complete your…

Before you can delve too deeply into a company acquisition, you need to determine if the transaction is an Asset Purchase or a Company Purchase. We’re going to talk about the differences, similarities, pros, and cons of each of these.   Asset Purchase An Asset Purchase occurs when one party buys the assets, both tangible…

To form your company, you will need to file the ‘Articles’ with the entity tasked with forming companies in your state. Each state is different, but in North Carolina, this is the Department of the Secretary of State. Fortunately, the NC Secretary of State’s website includes Article templates that you can print and complete in…

As you know, a little over a month ago, we became a Certified B Corp, but we never gave the story behind why we choose this certification. To understand why we chose this, you also need to understand our origins. In 2012, Richard Bobholz wanted to be a part of a law firm that put the…

  In North Carolina, there are different standards for different types of non-competition clauses, formally called restrictive covenants against competition. Employee non-compete contracts are some of the most commonly used non-competes.   Employee Non-Compete Employers typically create these non-competes to protect themselves from an employee taking their trade secrets, client lists, and goodwill to a…

Previously, we have examined what a covenant not to compete (non-compete) is and what the top level restrictions are regarding their validity, but there is a significant amount of deeper analysis that goes into each and every one of these restrictive covenants. We’re exploring the location and time requirements in an employment non-compete.   Employment…

Non-competes are a type of restrictive covenant that prevents one person from competing with another. They are typically used in business to prevent the usage of confidential information or close connections with clients to unfairly compete against the person who made the covenant. Many times, a non-compete is used along side nondisclosures, non-solicitation clauses, and other…

Lease agreements are meant to serve a useful purpose for businesses – the ability to rent space, at a reasonable price, for an agreed-upon period of time. What could be better for a small business, especially those without the capital or credit to purchase real estate? Well, one problem can be the length of the…

Commercial lease agreements serve a useful purpose for businesses. They provide the ability to rent space, at a reasonable price, for an agreed-upon period of time. What could be better for a small business, especially those without the capital or credit to purchase real estate? Well, one problem can be the length of the lease. Small…

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