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 […]
Law++ to Conduct 3rd Annual 30 Companies in 30 Days
FOR IMMEDIATE RELEASE Contact: Richard Bobholz Law Plus Plus richard@lawplusplus.com 919-912-9640 Law Plus Plus To Conduct 3rd Annual 30 Companies in 30 Days 3rd Annual Pro Bono Project to Form 30 Companies in December (DURHAM, N.C.) Oct. 25, 2016 – Law Plus Plus, a small business firm based in Durham, N.C., is pleased to announce their goal […]
What Needs to be Included in my Corporation Formation?
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 […]
Why Do Investors Prefer Corporations Over LLCs?
It’s not a huge secret that institutional investors are more likely to invest in a corporation over an LLC, but why is that the case? Ultimately, it comes down to what these entities are at the basic level. Corporations We all kind of know what corporations are. They’re from centuries ago as a way […]
Different Types of Investment Agreements
If you have a company that needs investment, you have a lot of options for the type of investment to create. Depending on the situation, you may also want to consider loans or other ways to finance your company beyond investments. This article will discuss the different types and define what they mean. Later articles […]
What is a Stock Option?
What is a stock option? A stock option is a contract that gives a person the ability to purchase stock at a later date for a specified price. Typically these are used in investment or incentive scenarios as a way to allow the optionee to take advantage of any upside the company faces without having […]
Treatment of Startup Funds: LLC vs Corp
Sometimes a small concept can make a huge difference. Because of the difference between Limited Liability Companies (LLCs) and Corporations, the money you put in to start them is treated in very different ways. Overview of Corporations A corporation is a distinct legal entity from the owners. It was created to separate management from ownership […]
Basic Choice of Entity Type in North Carolina
Introduction So, you’re about to start a company in North Carolina? First off, congratulations! Starting a company is an exciting adventure that you get to make into whatever you see fit. It is a lot of work, I know, but when you put all the work in, it’s worth it in the end. Let’s get […]