Joe Dye Culik
How is a Corporation’s Board of Directors Selected?
It is important first to understand the meaning, purpose, and potential functions of a corporate board of directors.
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Celebrating the History of Business in the United States of America
As the American Revolution came to an end, America was born on July 4th, 1776. Today we are celebrating the history of business in the US.
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Joe Dye Culik
Your Corporation Needs a Board of Directors... Except When it Doesn’t
In North Carolina a corporation is required to be governed by a Board of Directors, but the corporation is also permitted, in certain circum
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Joe Dye Culik
3 Ways Shareholder Agreements Can Protect the Rights of Owners of Close Corporations
3 Ways Shareholder Agreements Can Protect the Rights of Owners of Close Corporations
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NC Business Entities: Limited Liability Company (LLC) or Corporation?
One of the first decisions you must make when starting a business is the type of entity you want your business to be - LLC or Corporation.
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The Difference Between Employees and Independent Contractors In NC
There are a few factors to consider if a worker is an employee or independent contractor.
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What to Watch for in a Commercial Lease
Office leases are often one of the largest expenses for businesses, and care should be taken to make sure it is right for your business.
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What to do About Negative Reviews About Your Business
Nonetheless, if you own a business, you are bound to receive a few negative reviews. The question is, what can you do about them?
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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.
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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
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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.
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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.
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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.
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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...
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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.
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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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Joe Dye Culik
Minority Shareholder’s Lawsuit for Bad Faith May Proceed, Says N.C. Business Court
Corporations -- and especially closely held and family corporations -- must be careful to observe the rights of minority shareholders.
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