Dye Culik Blog
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Dye Culik PC is a Charlotte, North Carolina business law firm. We help businesses and franchises plan, execute, and problem solve through the full business life cycle including litigation and dispute resolution. We are proud to be recognized as a firm that puts our clients first and advocates aggressively to protect them and their business.
Dye Culik Blog
1w ago
What is a Legal Partnership?
A legal partnership is a type of business structure where two or more individuals share ownership. Each partner contributes to all aspects of the business, including money, property, labor, or skill. In return, each partner shares in the profits and losses of the business. There are a number of type of partnership under North Carolina law: a general partnership, a limited partnership, a limited liability partnership, and – most commonly – a limited liability company (LLC), which is typically treated as a partnership. This article focuses on LLCs, but it applies equ ..read more
Dye Culik Blog
1M ago
Starting a franchise can be exciting, offering the dual benefits of owning a business and operating under an established brand. However, it's crucial to understand the legal landscape that surrounds this endeavor, especially for entrepreneurs in North Carolina. This post delves into key legal considerations like Small Business Administration (SBA) loans, forming a Limited Liability Company (LLC), and general employment law issues.
1. Small Business Administration Loans
For many aspiring franchisees, financing is a primary concern. Securing a loan through the Small Business Admin ..read more
Dye Culik Blog
1M ago
As businesses grow and expand, mergers and acquisitions have become common in the corporate world. However, these transactions not only impact a company's financial and operational aspects but also significantly affect its employees. HR and employee management are crucial elements in the success of mergers and acquisitions, particularly regarding communication. This post will discuss HR professionals' challenges during the mergers and acquisitions process and provide tips on effectively managing employee communication throughout the merger and acquisition journey.
Understanding the Lega ..read more
Dye Culik Blog
1M ago
Finding a suitable location is one of the most exciting and important parts of starting a new business. New business owners are often well-equipped to make decisions surrounding their target market and being located near their target customer base, the visibility of the potential location, and the economic stability of the area. After all, the new business owner has the business acumen and drive to take the new business beyond a good idea to a reality.
However, in deciding on a location, one area that new business owners often neglect is the terms of the commercial lease they have entered into ..read more
Dye Culik Blog
2M ago
When the day comes to cash in your chips and sell your business to a worthy successor, it may be tempting to handle the sale yourself. After all, no one understands your business better than you. Yet, this may likely be the most important transaction of your life, and it is one that you want to get right the first time. You’ll likely need access to a team of advisors, including a business attorney, a CPA, and a tax advisor. But you also should consider employing the services of a professional business intermediary, commonly known as a “business broker.” Why is tha ..read more
Dye Culik Blog
4M ago
Planning is like giving your business a healthy lifestyle. One of the best things you can do for your business is plan ahead and be prepared for any potential challenges or legal issues that may arise.
Just as a prenuptial agreement can protect individuals in a marriage, having proper contracts and agreements in place can safeguard your business from potential disputes or setbacks. These prenups of business, also known as business contracts, are essential for protecting your business and its assets.
Here, we'll discuss some of the most basic agreements every business should have in place, inc ..read more
Dye Culik Blog
4M ago
When starting a business, one of the most important decisions you must make is choosing the right business entity. The type of business entity you select will significantly impact your business operations, taxes, and legal responsibilities. With various options available, such as LLCs, corporations, partnerships, and sole proprietorships, it can be overwhelming to determine which one is the best fit for your business. Here, we will explore the differences in business entities and the benefits they offer, helping you make an informed decision for your business's future.
Understanding Different ..read more
Dye Culik Blog
6M ago
Buying a franchise is a big decision and should not be taken lightly. You should not let your excitement lead to the purchase or cause you to rush to sign a franchise agreement. Before signing your franchise agreement on the dotted line, it is essential to do your due diligence. Researching and understanding the franchise opportunity thoroughly can help you make an informed decision and avoid any unnecessary risks. After all, most franchise agreements are 10 years or more and offer no way to get out once you sign.
Having a franchise attorney review your Franchise Disclosure Document (FDD) bef ..read more
Dye Culik Blog
6M ago
Trying to secure the perfect space for your retail business will leave you feeling like Buddy the Elf when he first gets to Manhattan pretty darn quickly. You hop off your iceberg all full of excitement and sprinkles, only to get ignored or dismissed by everyone along the way who thinks you’re either wasting their time or straight-up insane.
That’s because your perfect brick-and-mortar space is locked within an ecosystem we call commercial real estate, and CRE (its street name) is not hospitable to outsiders. It has its own language, process, and players that make it nearly impossible for you ..read more
Dye Culik Blog
6M ago
Every successful business knows a key component to building good referral partners and business relationships is the KLT factor. KLT stands for Know, Like, and Trust. It’s the magic in getting more business, building better referral partners, and increasing your volume of repeat customers.
Consumers and businesses you network with want to know about a business and who is behind it -- establishing a trust level is key to lasting relationships. We naturally want to associate with people with like. If people like you, they will listen to you. And, if they trust you, they will do business with you ..read more