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…

To Compete or Not to Compete?

*This information is taken from ‘Restrictive Covenants in Employment Agreements by Jonathan Wall, partner with Higgins Benjamin PLLC in Greensboro, NC. This information was given as a Continuing Legal Education Class (CLE) on February 3, 2016. *This article is specific to North Carolina law. Noncompete Agreements Noncompete agreements or covenant not to compete prevent an…

Financing your Business

*This information is taken from the North Carolina Rural Entrepreneurship Development System and the NC Department of Commerce Business ServiCenter. The packet is entitled “Fueling Your Business in North Carolina: A Guide to Financing for Small Businesses” and can be viewed here. How do you Plan on Financing your Business?   Many people use the…

Trade Secrets

Trade Secrets The information for this blog post can be viewed here. This information pertains to North Carolina. Don’t disclose or reveal information that you want secret. Include trade secrets in non-disclosure agreements. Trade secrets are usually related to technology, such as formulas, methods, processes, or businesses with merger discussions. Trade secrets have commercial value…

Quick Tips on Contracts

The information for this blog post can be viewed here. This information pertains to North Carolina. Below are some general tips for business contracts: Make sure all parties’ names are correct with the correct titles. Number all of the pages. Contracts should be in writing for: Transfer of land, easements, mortgages, deeds of trust, leases,…

Alcohol on Road Signs?!

*Please keep in mind that this is information is specific to North Carolina law. Contact an attorney in your state to find out specific information about this. *This information is provided by the NC Craft Brewers Guild. Read the original article here. North Carolina now allows breweries and distilleries to be featured on highway road…

Remember: Your “Premises” for Beer Sales May Not Extend to Your Parking Lot

*Please keep in mind that this is information is specific to North Carolina law. Contact an attorney in your state to find out specific information about this. *This information is provided by the NC Craft Brewers Guild. Read the original article here. As many of you know, if you have an On-Premise Malt Beverage permit…

USPTO: What does it do?

We get a lot, I mean A LOT, of questions about the United States Patent and Trademark Office (USPTO) and trademark legal stuff in general. So, if reading blogs about trademarks is not your thing, then you might want to skip our next couple blogs. The USPTO only: Reviews trademark applications and determines if the…