Charlotte Business Lawyers
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Legal Services Offered by Our On-Demand Charlotte Business Attorneys
Our experienced Charlotte business attorneys & lawyers handle both transactional matters and litigation involving business and commercial disputes. The business attorneys found on UpCounsel offer a broad range of practice areas relevant to small businesses and their owners, including Business formation, Commercial transactions, Employment law, securities, litigation, contracts, taxes, intellectual property protection & litigation, and much more.
If you are looking for a top rated Charlotte business attorney that charges reasonable rates for quality work, you have come to the right place. The average business attorney in Charlotte for hire on UpCounsel has over 10 years of legal experience in a variety of business law related areas to best help you with your unique business legal matters.
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- 6 min read
Convertible Promissory Note: What is it?
A convertible promissory note is a form of debt that converts to equity when either a certain event has occurred or a certain date has passed. The conversion from debt to equity will depend on the agreement between the person or company that has issued the note and the investor.
The two parts of a convertible promissory note are the promissory note and the equity conversion rights.
A typical promissory note will have the principal, the interest rate, the maturity date, how the note will be secured (usually by assets of the company), and details of what will happen if there is a default.
The equity conversion will include an explanation of the event that will trigger the conversion. It should also include the formula used in converting the debt to equity, the type of equity the debt will be converted into (
- 10 min read
What Is the Role of the Board of Directors?
The board of director's role is clearly defined by a company's charter. This group hires the CEO, president, or general manager of the company. The board also decides the strategy and thereby the future of the corporation.
What Else Does the Board of Directors Do?
The board of directors has several primary responsibilities. Those include:
- Recruit and oversee the CEO and other high-level positions in the company: The position of CEO or president is crucial to the success of a business. The board must find the right person to lead the company. Sometimes, that employee will work elsewhere. The board must entice the worker to leave a job to become the leader of the board's corporation.
- Choose the direction of the business: The board hires corporate leaders, but the directors maintain control over the company's future. Should a corpo
- 2 min read
Many are unaware about the different types of bankruptcy they could be filing for. We’ve heard about the different chapters but don’t know which exactly would fit our needs best. The chapter just refers to the chapter the specific type of bankruptcy is located in Title 13 of the United States Bankruptcy Code.
Chapter 13 bankruptcy is sometimes referred to as “reorganization” bankruptcy for individuals.
How is Chapter 13 different than Chapter 7?
Chapter 13 is different from Chapter 7 bankruptcy
- 6 min read
You may have a great idea that just might sell, whether a product or service, so you want to start a business. Before you jump in head first, you should know that starting a business is more than just filing the appropriate documents with your state's Secretary of State office.
Steps to Start a Business
Starting a business may seem to be simple; however, starting a business that is not set up to fail is not so simple. It takes a lot of planning and time to create a business that will serve your needs for many years to come.
1. Come up with a business idea.
If you don't have an idea but want to start a business, brainstorm ideas. Once you get an idea, do market research to find out if your products or services are needed or wanted.
2. Choose a company name and check with the Secretary of State to ensure t
- 3 min read
What is SOX?
SOX informally refers to the Sarbanes-Oxley Act of 2002, a piece of legislation created for the purpose of protecting investors from accounting fraud, specifically those that are related to shares sold by publicly traded companies.
The Sarbanes-Oxley Act is a deliberate attempt to mandate strict reforms with regards to how corporations made financial declarations. The law mandates increased vigilance with regards to disclosures related to the financial state of the company, particularly when it comes to earnings and profitability.
It is important to remember that this law regulates publicly traded corporations, those that sell shares of stock to the common people and institutional investors. The investors and potential shareholders will only agree to the listed price of the company's shares based on the company's value such as future earnings and current performance. Thus,