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What is a “Force Majeure” Clause and How Can It Help Your Business During the Coronavirus Crisis?

Most contracts have a force majeure clause stating that if a force majeure occurs then the parties’ contractual obligations are waived.

Joe Dye Culik

What Should a Small Business Do During the Coronavirus Pandemic?

The Coronavirus (COVID-19) has wreaked havoc not only on people’s health, but also on the North Carolina state economy and businesses.

Joe Dye Culik

What Are Your Options When Your Business Legal Settlement Falls Apart?

If one of the parties to a business settlement agreement is not abiding by their promises, what do you do?

Joe Dye Culik

5 Ways to Keep Your North Carolina Business Out of Court

In some situations, there is no way to avoid a lawsuit, but here are at least five ways to keep your NC business dispute out of court.

Joe Dye Culik

North Carolina Business Law Resources

Our firm regularly litigates business law cases in North Carolina. Having the information on your state business laws can be helpful.

Joe Dye Culik

How Do You Buy a Business in North Carolina With an Asset Purchase Agreement?

There are generally two ways to purchase an existing business, an asset purchase and a stock purchase (or share purchase).

Joe Dye Culik

What is the Business Judgment Rule and How Does it Apply to North Carolina Corporations?

Under North Carolina law, directors are required to exercise good faith, do care, and loyalty, in the course of their actions.

Joe Dye Culik

What are Shareholder Inspection Rights Under the North Carolina Business Corporation Act?

The North Carolina Business Corporation Act gives shareholders what are called “inspection rights,” the right to inspect records of business

Joe Dye Culik

What is the North Carolina Unfair and Deceptive Trade Practices Act? Who Does (and Doesn’t) It Apply

The North Carolina Unfair and Deceptive Trade Practices Act prohibits businesses from engaging in unfair or deceptive practices.

Joe Dye Culik

How Can a North Carolina Business Legally Collect a Debt Owed to It?

If you are a business owed an unpaid debt, how do you go about collecting it through the legal system in North Carolina?

Joe Dye Culik

What is a Shareholder Meeting and What Happens at One?

Every North Carolina Corporation is required to have meeting of its shareholders. This usually occurs once a year. Find out what's involved.

Joe Dye Culik

The Advantages of Narrowing Issues for Trial in Business Court Under Rule 56(d)

The North Carolina Business Court was established to deal with complex business issues that arise in the Superior Courts of North Carolina.

Joe Dye Culik

The 4 Most Important Parts of Your Corporation’s Bylaws

Though corporate bylaws are often complex, there are four fundamental parts that form the foundation of any set of bylaws.

Joe Dye Culik

What is a “Close Corporation” Under North Carolina Law?

This post explains what a close corporation is and how it differs from a public corporation or other types of corporations.

Joe Dye Culik

Why Every Entrepreneur Should Run Their Business Like a Franchise

Many of fundamental concepts of franchising are applicable to virtually every business. Efficiency. Systems. Operations. These are the key.

Joe Dye Culik

Who is Owed a Fiduciary Duty, and Why Does it Matter?

Who is owed a fiduciary duty? We previously wrote a post involving a lawsuit for breach of fiduciary duty, and gave the definition of tha...

Joe Dye Culik

Issues for LLC Owners with Minority Interests

If you are a minority member of an LLC (that is, you own less than a 50% interest in the LLC), there are ways to protect your interest.

Joe Dye Culik

NC Business Court Dismisses Breach of Fiduciary Duty Claim, But Allows Derivative Claims to Proceed

A recent decision from the North Carolina Business Court highlights the distinction between an individual claim for breach of fiduciary duty

Joe Dye Culik

Do North Carolina LLCs Need to Have a Written Operating Agreement?

Under North Carolina law do limited liability companies (LLCs) need to have operating agreements like corporations.

Joe Dye Culik

Shareholder Lawsuit Dismissed by NC Business Court a Reminder of Corporate Liability Principles

The North Carolina Business Court has dismissed a lawsuit brought by a 50% owner of a corporation reiterating key principles.

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