Archive for the ‘small business’ Category

Striking the Right Balance in a North Carolina Non-Compete Can Be Tricky

North Carolina companies who rely on non-compete agreements to protect their trade secrets and proprietary information may want to review their agreements in light of two recent court decisions.


North Carolina’s New LLC Statute: Do We Need to Revise Our Operating Agreement?

North Carolina updated its Limited Liability Act effective January 1, 2014. One of the benefits of the limited liability company has been its flexibility. It is a creature of contract, allowing much more flexibility than the centralized corporation. The revised Act highlights this flexibility. The most notable changes that may encourage your company to review [...]


Significant Changes to the North Carolina Limited Liability Act

On January 1, 2014, the North Carolina Limited Liability Act was significantly overhauled.  Existing Chapter 57C was repealed and 57D was passed in its place.  Many of the substantive changes are highlighted below.


Growing Your Business without Producing Unintentional Franchise Headaches

Many successful businesses want to open secondary locations, or “license” the business to a third party to operate additional locations.  Be very careful when setting up a third-party model — it is easy to create an accidental franchise or violate the North Carolina Business Opportunities Act, and incur significant liabilities.  


Should I incorporate in Nevada, Wyoming or Delaware?

I often speak to potential clients who have heard they should incorporate or from an LLC in Nevada because there are “no taxes” or in Delaware “because it’s the best place.” They want to know what I think.


Is Your Cyber-Security Better Than a Fortune 500′s?

Half of Fortune 500 companies would face “serious harm” or be “adversely impacted” by  a cyber-attack.  The  greatest perceived harms are loss or theft of confidential information, loss of reputation and direct loss from malicious acts (hackers, virus), according to the Willis Fortune 500 Cyber Disclosure Report.  The report was compiled from information the Securities and Exchange Commission [...]