Limited Liability Company (“LLC”) operating agreements can differ in two ways. LLCs commonly employ two different management structures: member-managed and manager-managed LLCs. Both member-managed and manager-managed LLCs have a different means of completing certain company tasks.
business law
All You Need To Know About Corporations
This article will be a quick and to the point document based on understanding a corporation. A corporation that follows the laws when created is known as a De Jure corporation. It is created when the articles of incorporation are…
Agency Theory
Have you ever wanted to be 007? A secret with a license to kill, but of course not to speed? Well you’re in luck buddy you can be! Or you can be 007’s boss, and be the principal that would…
What is a Non-Compete Agreement?
Non-compete Agreements (sometimes referred to as “NCCs”) are legal contracts between an employee and an employer where, an employee agrees to avoid or not enter into markets or professions considered competitive with the employer after they are no longer employed…
Ways To Get Out Of A Non-Compete Agreement
Yes, from an employees perspective it is outright evil that businesses can force you to sign a non-compete in order to secure your employment. Cases in court occur routinely where businesses are accused of forcing employees to adhere to their…
What Is A Power Of Attorney? All You Need To Know
A power of attorney enables a selected representative to act on your behalf. The powers that are given to this representative (who can be anyone you choose with capacity) can be in anything that you wish. Such power can involve…
How To Trademark A Name: Important Business Law Basics 101
There is generally a 3 step process to trademark a name. Conduct a Trademark Name Search on the USPTO website File an application with the USPTO Respond appropriately and timely with the USPTO. (The USPTO: The United States Patent &…
How Turn A Franchise Agreement To Your Advantage
You’ve done it. You have saved up, you received a business loan, you are ready to go. Your ready to purchase a franchise. It’s a huge decision. Whatever the franchise is that you decide upon, you will give them…
Protect Yourself and Your Company With A Confidentiality Agreement
Many new business owners and Silicon Valley like startups often ask about confidentiality agreements. They desire to protect their trade secrets, customer lists, technological endeavors, and database information. Some of these same owners are inclined to ask the question of…
Can I avoid sales tax on my aircraft if I register it in a Delaware Corporation?
Allot of business owners who have the luxury of owning an aircraft whether that is for business purposes, personal leisure, or both attempt to register it in the state of Delaware to avoid taxes from their home state. However, if…