Do you need a shareholder agreement if you have corporate bylaws?
If you start a corporation, you must create corporate bylaws, but there is no obligation to create a shareholder agreement. However, it may be to your advantage to do so,…
Why is giving equity to early employees a mistake?
It is a common practice in startup companies to offer equity in the company as a way to entice people to work for you. This may seem like an easy…
What happens when a partnership splits up?
If you become a partner in a North Carolina business, it likely will surprise you to learn that should you or one of the other partners desire to leave the…
What happens to a jointly owned business in a divorce?
When a couple starts a business together, they generally do not anticipate a divorce down the road. Yet things change, and even the best-laid plans can go awry. If a…
What happens to my company if my business partner gets a divorce?
North Carolina is an equitable distribution state. Inequitable distribution states, the court presumes splitting marital property equally is a fair starting point. Now, there is flexibility in a court’s decision…
Will employees react negatively to non-solicitation agreements?
Businesses have good reason to use non-solicitation agreements. Imagine the time and effort a North Carolina company invests in cultivating relationships with clients. Then one day an employee decides to…