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Tag Archives: LLC

Protecting the Corporate Form in North Carolina | Raleigh Law Firm

The North Carolina Court of Appeals recently issued a decision regarding piercing the corporate veil, which reiterated that under North Carolina’s “instrumentality rule” an owner of a corporation or limited liability company can be held liable for the debts of the company, even if he or she is found not to have engaged in any wrongdoing individually. In Estate of Hurst v. Moorehead I, LLC, et. al., the Court upheld …Read More

ABC’s of Partnership Agreements

When starting any new business venture or establishing a new business entity, having appropriate documentation is important. The importance of having such documentation is increased substantially when more than one person is involved. We often help clients by drafting their corporate bylaws or LLC operating agreements, both of which set out how the organization will operate as well as the rights and duties of the shareholders or members. However, many …Read More

Business Planning: Establishing and Maintaining An Effective Corporate Entity

We can help your business achieve the protection that the corporate structure is supposed to provide and would be happy to discuss your corporate status and documentation with you.

−Business Planning: Establishing and Maintaining An Effective Corporate Entity

Setting up a new business venture seems simple enough, particularly with all of the information available online. Many believe once they file their LLC or corporation with the Secretary of State, their business is established and they are protected from personal liability. Unfortunately, that belief is not accurate. While technically the corporation or LLC exists upon filing, there are several reasons why the individual business owner still may not benefit …Read More

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