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North Carolina

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

Just as corporations have by-laws, most people assume that limited liability companies (LLCs) need to have an operating agreement. But under North Carolina law, do they? The North Carolina Limited Liability Company Act, G.S. § 57D, was rewritten a few years ago to modernize the laws...

franchises in North Carolina

Does North Carolina Have Laws Regulating Franchises?

A franchise is when a franchisor sells the right to use its brand, systems, and business methods. The person who purchases the right to use the franchisor’s business model is called the franchisee. North Carolina has an abundance of franchises. Some of the most popular include...