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 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.
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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?
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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 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.
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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
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.
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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
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.
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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
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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
What is the Legal Standard for Theft of a Business’s Trade Secrets in North Carolina?
The North Carolina Legislature has passed a Trade Secrets Protection Act, which defines trade secrets as “business or technical information.
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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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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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Joe Dye Culik
TBF Financial Among the Debt Buyers Suing NC Business Owners for Commercial Debts
One company that purchases defaulted commercial debts of North Carolina businesses is TBF Financial, an Illinois limited liability company.
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Joe Dye Culik
Is a Single-Member LLC Right for Your Business?
A single-member limited liability company (LLC) is one of the most common business entity forms used by small businesses and entrepreneurs.
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Joe Dye Culik
Change to the Delaware LLC Act Permits LLCs to Subdivide
Change to the Delaware LLC Act Permits LLCs to Subdivide.
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