North Carolina Business Formation Lawyer

Welcome to Cecil & Cecil, P.A., your trusted business formation lawyer in North Carolina. We understand that starting a business can be stressful, and navigating the legal requirements can be overwhelming. That’s why we are dedicated to providing our clients with professional and caring legal services to help them achieve their entrepreneurial goals.

Experienced Business Formation Lawyers

Our experienced team of business formation lawyers has helped numerous clients across North Carolina’s Triad Area establish their businesses, from choosing the right legal structure to drafting contracts and agreements. We are committed to providing personalized services to every client, providing legal advice tailored to their unique circumstances and business goals.

Learn more about Estate Planning with the legal definitions below. Complete the quick form to the right and we will be in touch.

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Cecil & Cecil Lawyers in High Point

Wide Range of Legal Business Services

We offer a wide range of legal services to help businesses succeed, including business formation, contract drafting, partnership agreements, and mergers and acquisitions. We will work closely with you to understand your goals and objectives, and we will leverage our expertise in business law to ensure that every aspect of your business is legally sound.

We help Business start-ups and established businesses

Our commitment to exceptional legal services extends to our responsiveness to our clients. We understand that legal issues can arise at any time, which is why we are always available to answer your questions and provide legal advice.

If you are in the process of starting a business in North Carolina, or if you need legal advice for your established business, we’re here to help. Contact us today to schedule a consultation with one of our experienced business formation lawyers. Let us help you take the first step toward achieving your entrepreneurial dreams.

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Legal Definitions for Business Formation and Business Representation in North Carolina

These terms provide a foundational understanding of the legal structures and considerations for starting and operating a business in North Carolina. For detailed guidance and to ensure compliance with all legal requirements, it’s advisable to consult with a legal professional specializing in North Carolina business law.

Articles of Incorporation: A document filed with the North Carolina Secretary of State (NCSOS) to legally form a corporation in the state. It includes key information about the entity, such as its name, purpose, and details about its shares and initial directors.

Business Entity: In the context of North Carolina General Statutes (G.S. 55-11-10 and Article 11A), this term refers to a domestic corporation, including professional corporations as defined, and encompasses various forms of business organizations.

Business Records Rule 803(6): Pertains to the admissibility of business records in legal proceedings. The term “business” in this context includes businesses, institutions, associations, professions, occupations, and callings of every kind.

Bylaws:Internal rules adopted for the regulation and management of the affairs of a corporation. Bylaws may contain any provisions for managing the business and regulating the affairs of the corporation.

Corporation: A legal entity that is separate and distinct from its owners, who are known as shareholders. A corporation is formed by filing Articles of Incorporation with the North Carolina Secretary of State.

Doing Business: In North Carolina, this involves operating a commercial enterprise with the intention of making money. Various factors can constitute doing business in the state, including having a physical presence, employing workers, or engaging in regular transactions.

Doing Business: In North Carolina, this involves operating a commercial enterprise with the intention of making money. Various factors can constitute doing business in the state, including having a physical presence, employing workers, or engaging in regular transactions.

Foreign Corporation: A corporation for profit incorporated under a law other than the laws of the United States and North Carolina. To do business in North Carolina, a foreign corporation must obtain a certificate of authority from the state.

Limited Partnership (LP): As defined in G.S. 59-102, a partnership consisting of one or more general partners who manage the business and are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but take no part in running the business and incur no liability beyond their investment.

Limited Liability Company (LLC): An entity formed under Chapter 57D of the North Carolina Limited Liability Company Act, offering the owners limited personal liability for the debts and actions of the company.

Member: In the context of an LLC, a member is an individual or entity that has been admitted as a member of the LLC as provided in the operating agreement or by following the procedures outlined in the Articles of Organization.
Operating Agreement: An agreement among LLC members governing the LLC’s business, and members’ financial and managerial rights and duties. Although not required by law in North Carolina, it is highly advisable.

Professional Corporation: A special type of corporation engaged in providing professional services, such as those offered by doctors, lawyers, and accountants, where the corporation is organized for the purpose of rendering professional services as specified and defined.

Registered Limited Liability Partnership (RLLP): A partnership where certain general partners are shielded from liability for the wrongful acts of other partners or employees not under their direct control. It requires registration with the state.

Sole Proprietorship: The simplest form of business ownership, where there is one owner who operates the business, with or without employees. This entity is easy to establish and operate.

Understanding these terms can help you with forming and running a business in North Carolina. Each term represents a critical aspect of the legal and structural foundation necessary for any business operating within the state.

Whether you’re starting a new venture or expanding an existing one, familiarizing yourself with these definitions ensures you run your business within the law. For detailed guidance and advice tailored to your specific situation, consulting with a legal professional specializing in North Carolina business law is highly recommended.

The legal definitions provided on this page are for informational purposes only, and should not be construed as legal advice. Please consult with a qualified attorney for specific guidance and advice regarding your individual situation.

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Monday – Friday: 8:30 am – 5:00 pm
Saturday – Sunday: Closed

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Thank you for your interest in Cecil & Cecil, P.A. As a leading law firm in High Point, NC, we’re happy to take on new clients and address their legal needs. Below you can find our New Client Information Form. You can submit the form and download and bring it with you to your first consultation. This will allow us to optimize your time meeting with our attorneys. Feel free to contact us if you have any questions.

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