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…
Part 7 *This information is taken from the Small Business Center Network (SBCN), part of the North Carolina Community College System, and full packet, entitled “How to Develop a Business Plan” can be viewed here. *This blog is Part 5 of a series on small business guidance. Stay tuned for more blogs. Check out Part 1, Part…
How do I sell private equity in my brewery? Do I need to present anything to investors? If you have these questions then keep reading! Any private equity or debt for sale is a . The Securities Act of 1933 created the Securities and Exchange Commission (SEC). Securities fall under the Securities Act of 1933…
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…
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.…
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…
Part 2 To read Part 1, 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 North Carolina Secretary of State’s website…
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. …
Self-Serve Legal Websites I wanted to weigh in on the self-serve legal sites that we’re seeing advertised more and more. Well, I’m not going to name names here, but let’s just say that the most popular version of these rhymes with BegalRoom.com. Should we use these sites? Why or why not? What’s the worst that…
PC, PA, LLC, LLP, Inc, LLLP, huh? There are so many acronyms and they’re thrown around all willy-nilly. What’s an aspiring entrepreneur to do? So, here’s the thing. Each of these denotes a form of business, how a business is structured and who the “owner” is. Each is also relates to two special topics: (1)…
So, I got this question late last week and advised a client appropriately, but perhaps it is worth a bit more discussion / generalization. Sorry this post turned out longer than most, but it is all important stuff. So here goes: You may have seen my article earlier on LLC v Inc, and that is…