A Business Trust may be something that could benefit you. However, in most circumstances, you’d be better off without it. Read through our blog to see if it is something you can use versus something the internet says you need. The last thing we want to do is sell you something that you don’t need…

Company divesting is an important consideration for entrepreneurs. It is a fairly easy concept to understand, yet very difficult in practice. That said, there are ways you can go about this without ruining your company.   What is Company Divesting? Company divesting is just a fancy way of saying you shouldn’t have all your eggs…

Edit as of 7/2/2020: The Emergency Video Notarization has been extended until March 1, 2021. This is part of the House Bill 308: AN ACT TO PROVIDE FURTHER REGULATORY RELIEF TO THE CITIZENS OF NORTH CAROLINA. Text of this bill: https://www.ncleg.gov/Sessions/2019/Bills/House/PDF/H308v7.pdf Part of Senate Bill 704 included a provision allowing the emergency authorization for all…

Every year, the NC Secretary of State office requires businesses to file an Annual Report to maintain their active status. Fortunately, companies do not need to file their first year in existence. In North Carolina, the entity tasked with overseeing and regulating businesses is the Office of the Secretary of State, by authority of NCGS…

Employee-Owned Companies are not for everyone. However, when the fit the situation, they can be incredible.   What are Employee-Owned Companies? Employee-Owned Companies are exactly what they sound like. Employees own at least part of these companies. Usually, the employees actually own less than half of the company.   Advantages The main advantage to having…

It is important to regularly review your dispute resolution provision to ensure it still meets your needs.   What is a Dispute Resolution Provision? This provision exists solely to make resolving breaches of contract easier. They come in all shapes and sizes.   Choice of Law We discuss choice of law in another blog. You…

Loopholes are errors in contracts that allows one or more parties to exploit them to create an unintended consequence. Conversely, when you take advantage of the law, that is not a loophole. The difference requires a mistake in the drafting. You need an unintended consequence.   Examples of Loopholes I once reviewed a contract that…

If you have a service contract, you must have these clauses. Obviously, you include your price and service terms. These add extra protection to you. Additionally, all contracts need the essential elements of every contract.   What is a Service Contract? A service contract is a contract that deals with the exchange of the labor…

Updating contracts is important. It is an ongoing task your company should be sure to pay attention to. What is a Contract? A contract is a legal instrument where two or more people or entities agree to exchange something or service of value. You can find more on what a contract is here. Contracts have…

Creating an anonymous startup is no easy task. For one thing, the Secretary of State requires a registered agent and an organizer to be listed. If they’re not you (which since it is public information, it probably isn’t), who will it be? Can you trust that person not to share who you are? When you…

Disclaimer

The information on this website is not intended to create an attorney-client relationship. Any information is meant strictly for legal educational purposes and is not intended to be legal advice.

© 2020 Law Plus Plus

Relationship

By contacting an attorney, you are presenting the option for that attorney to accept your case, and that attorney has the option to accept or reject your case. Any information presented to an attorney at Law Plus Plus does not automatically create an attorney client relationship.

Security

We make no warranties as to the security of information presented or submitted through this website.