If you want to amend your articles of organization, you’re in luck. The process is actually quite easy! Amendment of Articles of Organization Law If you want to read the law regarding articles of organization, you’ll want to start with NCGS §§ 57D-2-21 & 22. Why Would You Want to Amend Your Articles of Organization? […]
What Are Articles Of Organization?
Articles of Organization is the legal document you file to form an LLC. There are only a few requirements to make them legal. If you file the articles with the Secretary of State, and it contains all the proper information, you’ll get yourself an LLC. Of course, you’ll also have to pay the filing fee! […]
Annual Report
Every year, the NC Secretary of State office requires businesses to file an Annual Report to maintain their active status. Fortunately, companies do not need to file their first year in existence. In North Carolina, the entity tasked with overseeing and regulating businesses is the Office of the Secretary of State, by authority of NCGS […]
Law++ to Conduct 3rd Annual 30 Companies in 30 Days
FOR IMMEDIATE RELEASE Contact: Richard Bobholz Law Plus Plus richard@lawplusplus.com 919-912-9640 Law Plus Plus To Conduct 3rd Annual 30 Companies in 30 Days 3rd Annual Pro Bono Project to Form 30 Companies in December (DURHAM, N.C.) Oct. 25, 2016 – Law Plus Plus, a small business firm based in Durham, N.C., is pleased to announce their goal […]
Difference Between DBA and LLC
I’ve received this question many times: What is the difference between filing a “Doing Business As” (DBA) and filing for an LLC besides the fact that the DBA is cheaper? Long story short: Everything, but let’s start by examining what these two things are. DBA You may have heard DBAs referred to as a “Doing Business […]
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 Do Investors Prefer Corporations Over LLCs?
It’s not a huge secret that institutional investors are more likely to invest in a corporation over an LLC, but why is that the case? Ultimately, it comes down to what these entities are at the basic level. Corporations We all kind of know what corporations are. They’re from centuries ago as a way […]
Different Types of Investment Agreements
If you have a company that needs investment, you have a lot of options for the type of investment to create. Depending on the situation, you may also want to consider loans or other ways to finance your company beyond investments. This article will discuss the different types and define what they mean. Later articles […]
Treatment of Startup Funds: LLC vs Corp
Sometimes a small concept can make a huge difference. Because of the difference between Limited Liability Companies (LLCs) and Corporations, the money you put in to start them is treated in very different ways. Overview of Corporations A corporation is a distinct legal entity from the owners. It was created to separate management from ownership […]
5 Important Considerations for an Operating Agreement
Operating Agreements are the governing documents for Limited Liability Companies. They are where you would specify the rights and responsibilities of the members of the company and how you want the company to be run. This is one of the most important documents you will have for your LLC, and a crucial one when there […]
7 Top Membership Considerations in Operating Agreements
There are countless considerations that must go into designing perfect operating agreements , but there are a few that stand above the rest in importance. Operating Agreements Operating Agreements are the governing documents for Limited Liability Companies. They are where you would specify the rights and responsibilities of the members of the company and how […]
DIY: Step by Step LLC Formation
We live in a DIY society, where everyone has some sort of do-it-yourself project going on somewhere. We find that when it comes to setting up your business, this still holds true. A lot of people we work with are setting up their own business structures with limited setback. Especially if you’re on your own […]