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…

Employee theft is a hard situation to be in for many reasons. First and foremost, you’ve lost whatever the employee stole, and that sucks. This article explores what you can legally do to help recover from that employee. Employee Theft Under North Carolina law, Employee Theft is actually called “Larceny by servants and other employees”…

We form LLCs because they protect our personal assets from the creditors of the company; however, there is a concept called “piercing the LLC veil” that you should be aware of. Piercing the LLC veil comes from the legal concept of piercing a corporate veil. Essentially, what it means is that you’ve been operating your…

For those who may not know my background, before I joined Richard here at Law Plus Plus, I worked at an e-discovery firm in Charlotte. Officially, I was an employee of another firm who sent me to various projects, on a project-by-project basis, like an independent contractor. As many do, I got tired of this…

I’ve received this question many times: What is the difference between filing a “Doing Business As” (DBA) and filing for an LLC besides the fact that the DBA is cheaper? Long story short: Everything, but let’s start by examining what these two things are. DBA You may have heard DBAs referred to as a “Doing Business…

Earlier, we talked about stock options. Now, we’re going to delve deeper into Nonstatutory (Nonqualified) and Statutory Stock Options. The differences between the two are fairly clear, and generally the statutory stock options are preferred for beneficial tax treatment, if the options qualify.   Statutory Stock Options Unless they qualify as statutory stock options, also…

If you’re applying for a tax exempt recognition through the Internal Revenue Service (IRS) such as a 501(c)(3) or similar type of recognition, you will be required to include a conflict of interest policy in your governing documents. Fortunately, the IRS has provided significant guidance on what needs to be included, as well as providing a…

This Tax Affects… If you’re a small business owner in North Carolina, you’re probably aware that new laws expanding the State sales tax took effect in March of 2016. Here’s a breakdown of some of the types of businesses that are affected by this expansion: · Vehicle Repair · Shoe Repair · Watch, Clock, and…

So, you received your approved Articles of Organization or Incorporation from the Secretary of State? First off, congratulations. That’s a huge, tangible, first step to becoming a well protected company. The next few steps are also very important, but you can take care of them pretty quickly immediately afterwards.   EIN The first step after…

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…

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