On Behalf of Meynardie & Nanney, PLLC | Jan 24, 2020 | Business Ownership
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, especially if your company has more than one shareholder, which is usually the case even for...
On Behalf of Meynardie & Nanney, PLLC | Oct 30, 2019 | Business Ownership
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 and cost-effective way to get good employees for a North Carolina business that has yet to prove itself. It can allow you...
On Behalf of Meynardie & Nanney, PLLC | Aug 23, 2019 | Business Ownership
Thousands of people across the United States and in North Carolina get divorced every year. While nobody likes to think about divorce when they are first getting married, if you and your business partner are considering tying the knot in North Carolina, it is...
On Behalf of Meynardie & Nanney, PLLC | Aug 23, 2019 | Business Ownership
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 organization, the process can be quite similar to a divorce. In fact, according to entrepreneur.com, your...
On Behalf of Meynardie & Nanney, PLLC | Jul 18, 2019 | Business Ownership
If you own a business with your spouse in North Carolina and you divorce, the process of splitting assets and possessions becomes even more complicated. As you divide your belongings and determine what will happen with your children, you have several options regarding...
On Behalf of Meynardie & Nanney, PLLC | Jul 10, 2019 | Business Ownership
You and your spouse decide to get a divorce in North Carolina, but there is one thing standing in the way. You co-own a business. You built the business from the ground up together and ran it together for the life of the business. For all intents and purposes, you...
On Behalf of Meynardie & Nanney, PLLC | Jun 23, 2019 | Business Law, Business Ownership
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 couple jointly owns a business, the fate of that business after a divorce depends on the unique...
On Behalf of Meynardie & Nanney, PLLC | Jun 17, 2019 | Blog, Business Law, Business Ownership
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 on circumstances where equal distribution may be unfair....
On Behalf of Meynardie & Nanney, PLLC | May 31, 2019 | Blog, Business Law, Business Ownership, Employment Law, Uncategorized
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 leave the company and hire those clients away, depriving the...
On Behalf of Meynardie & Nanney, PLLC | May 1, 2019 | Blog, Business Law, Business Ownership
Should you and your spouse own a North Carolina business, it probably represents your largest asset and accounts for the vast majority of your family’s income. This makes your business especially important if you and your spouse divorce. An article in Forbes explains...