Recently, Law Plus Plus became the first law firm in North Carolina to become a Certified B Corporation. The first question almost everyone asks is “What is a B Corporation?” B Corporation B Labs defines B Corporations as “for-profit companies certified by the nonprofit B Lab to meet rigorous standards of social and environmental […]
NC Sales and Use Tax Expansions and Your Business
This Tax Affects… If you’re a small business owner in North Carolina, you’re probably aware that new laws expanding the State sales tax took effect in March of 2016. Here’s a breakdown of some of the types of businesses that are affected by this expansion: · Vehicle Repair · Shoe Repair · Watch, Clock, and […]
Questions to Ask Before Hiring your Business Lawyer
A law firm telling me the questions I should ask my business lawyer before hiring them? I bet these will (1) be really softball questions, and (2) be ones that Law Plus Plus is prepared to answer. Yes! They should be both, but that’s kind of the point. If your potential business attorney cannot answer […]
Steps After Your Articles Are Approved
So, you received your approved Articles of Organization or Incorporation from the Secretary of State? First off, congratulations. That’s a huge, tangible, first step to becoming a well protected company. The next few steps are also very important, but you can take care of them pretty quickly immediately afterwards. EIN The first step after […]
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 legitimate business interest. Just like […]
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 State’s website here to complete your […]
Asset Purchase versus Company Purchase
Before you can delve too deeply into a company acquisition, you need to determine if the transaction is an Asset Purchase or a Company Purchase. We’re going to talk about the differences, similarities, pros, and cons of each of these. Asset Purchase An Asset Purchase occurs when one party buys the assets, both tangible […]
What Needs to be Included in my LLC 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. Fortunately, the NC Secretary of State’s website includes Article templates that you can print and complete in […]
Why Did Law Plus Plus Become a B Corp?
As you know, a little over a month ago, we became a Certified B Corp, but we never gave the story behind why we choose this certification. To understand why we chose this, you also need to understand our origins. In 2012, Richard Bobholz wanted to be a part of a law firm that put the […]
Standard for Employee Non-Compete
In North Carolina, there are different standards for different types of non-competition clauses, formally called restrictive covenants against competition. Employee non-compete contracts are some of the most commonly used non-competes. Employee Non-Compete Employers typically create these non-competes to protect themselves from an employee taking their trade secrets, client lists, and goodwill to a […]
Location and Time Requirement in Employment Non-Compete
Previously, we have examined what a covenant not to compete (non-compete) is and what the top level restrictions are regarding their validity, but there is a significant amount of deeper analysis that goes into each and every one of these restrictive covenants. We’re exploring the location and time requirements in an employment non-compete. Employment […]
What is a Non-Compete? A Restrictive Covenant Primer.
Non-competes are a type of restrictive covenant that prevents one person from competing with another. They are typically used in business to prevent the usage of confidential information or close connections with clients to unfairly compete against the person who made the covenant. Many times, a non-compete is used along side nondisclosures, non-solicitation clauses, and other […]