Sale of Business Non-Compete

In the realm of non-compete agreements, the standard for the sale of business non-compete agreements are the most lenient. These restrictive covenants that coincide with a company sale agreement or asset purchase agreement are considered to be the ones that require the least protection, and as such, the courts treat […]

Office building with sale sign

Two arrows going up on a grid

Difference – Nonstatutory and Statutory Stock Options

Earlier, we talked about stock options. Now, we’re going to delve deeper into Nonstatutory (Nonqualified) and Statutory Stock Options. The differences between the two are fairly clear, and generally the statutory stock options are preferred for beneficial tax treatment, if the options qualify.   Statutory Stock Options Unless they qualify […]

IRS Conflict of Interest Policy

If you’re applying for a tax exempt recognition through the Internal Revenue Service (IRS) such as a 501(c)(3) or similar type of recognition, you will be required to include a conflict of interest policy in your governing documents. Fortunately, the IRS has provided significant guidance on what needs to be included, […]

IRS Logo Conflict of Interest

Signed Contract with a Pen

Legitimate Business Interest in Employment Non-Compete

Restrictive Covenants not to compete, or non-compete contracts, are a tool used to protect a company from unfair competition. They are commonly used in the employment context to prevent this competition, but when analyzing them, you must ensure that they are no wider in scope than is necessary to protect a […]

What Needs to be Included in my Corporation Formation?

To form your company, you will need to file the ‘Articles’ with the entity tasked with forming companies in your state. Each state is different, but in North Carolina, this is the Department of the Secretary of State. You can find a template for the Articles on the Secretary of […]

Money with Up Arrow: Corporation Shares