Entrepreneurs are known for thriving in uncertainty and proceeding despite risks. However, when it comes to legal matters, proceeding with a well-thought-out structural plan is the best course of action. Business owners that are “all in” on a great idea may see their companies not reap the full rewards from their idea and hard work, or even fail, because of structural, tax, IP or other avoidable issues if they had only put in place the right documentation.
Once you decide that you are going to start a company, successful entrepreneurs understand the importance of acquiring sound legal advice, since small businesses owners are subject to some of the same laws and regulations that apply to large corporations, which might affect your business.
We advise entrepreneurs in all aspects of business formation and maintenance, including:
- Choice of legal entity
- Formation of the business with the North Carolina Secretary of State
- Corporate bylaws or Operating agreements
- Annual meeting minutes
- Annual Secretary of State filings
- Shareholder agreements
- Buy-sell agreements
- Corporate strategic planning
In addition to the start-up formation, we also offer a corporate maintenance plan to ensure that your business is kept up-to-date annually for a flat rate price.
While cost may be a reason early-stage entrepreneurs may consider forgoing legal advice, the financial implications are much greater when legal issues are triggered. With many owners new to building a business, the need for legal advice has become even more pressing. Common mistakes in areas such as forming a company are hard to move on from. They can be deal breakers or costly to fix.
If you have any questions or would like for our firm to assist you with getting your business started, please contact our office at (919) 844-7993.