Why does your LLC need an Operating Agreement?

What is an Operating Agreement? An Operating Agreement is a contract between the members of an LLC which serves as the LLC’s governing document. The Operating Agreement outlines voting and ownership percentages, delegates authority to specific managers or members, and determines how distributions of profits and losses, and transfers of interest may occur, among other…

Starting a Brewery: Forming Your Business

Business formation Before you start your new brewery, you should consider the different types of business structures under which your brewery could operate. There are several different forms of businesses such as Sole Proprietorships, Partnerships, Limited Liability Companies (LLCs), and Corporations. Before you start your brewery you should determine which structure is best for your…

How to Select the Right Trademark for Your Brand

Choosing a trademark can be one of the most exciting parts about building your business. Your trademark should represent your brand and identify your company as the source of your brand’s goods or services. It is important to choose a strong trademark which will offer greater protectability and less risk to potential infringements and challenges.…

Ways to Start a Business, Enter into a Business, or Buy a Franchise

*This information is taken from the North Carolina Small Business and Technology Development Center (SBTDC). To read the entire packet, click here. *We also have a blog post on how to finance your business. Buying an Existing Business Always evaluate the business by reviewing its history and its operations. Learn the business’s marketing strategies, how…

Limited Liability Company: Operating Agreement

Part 5 To read Part 1, click here. To read Part 2, click here. To read Part 3, click here. To read Part 4, click here. Disclaimer: This blog post focuses on North Carolina law and follows the NC Secretary of State rules. We cannot speak nor advise you on what other states’ rules and…

Limited Liability Company: Internal Management

Part 4 To read Part 1, click here. To read Part 2, click here. To read Part 3, click here. Disclaimer: This blog post focuses on North Carolina law and follows the NC Secretary of State rules. We cannot speak nor advise you on what other states’ rules and policies are for limited liability companies.…

Limited Liability Company: Maintaining your Business

Part 3 To read Part 1, click here. To read Part 2, click here. Disclaimer: This blog post focuses on North Carolina law and follows the NC Secretary of State rules. We cannot speak nor advise you on what other states’ rules and policies are for limited liability companies. *This information is taken from the…

Limited Liability Company: Choosing a Name

Part 1 Disclaimer: This blog post focuses on North Carolina law and follows the NC Secretary of State rules. We cannot speak nor advise you on what other states’ rules and policies are for limited liability companies. *This information is taken from the North Carolina Secretary of State’s website and can be viewed here.  …