Charlotte Business Attorneys & Lawyers
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- Corporate Resolution
- Sale of Business Contract: Everything You Need to Know
- How to Start an Online Business: Everything You Need to Know
- Express or Implied Warranty Definition
- Info on LLC: Everything You Need to Know
- What Is a Revocation of Offer?
- How to Publish Fictitious Business Name in Newspaper
- Release of Liability
- Letter of Intent for Business Venture
- Business Plan Budget Example: Everything You Need to Know
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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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Starting a business can both be exciting and intimidating. With so many pockets of information out there, it can be difficult to know how to get started. Before you begin, it’s important to know that you’ll have to work hard and be consistent. We’ll provide here a comprehensive guide on how to start a business.
Develop a Business Concept
Before starting a business, you must first know what kind of business you’re starting. There are three great pillars of any business: do what you love, do what’s profitable, and do what you’re good at. Before deciding on a concrete idea, you should first consider the following questions:
- What are you passionate about?
Convertible Promissory Note
- 6 min read
Updated November 5, 2020:
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
Board of Directors Role
- 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 th