How to Convert a Partnership to an LLC

Many businesses in North Carolina begin as partnerships because they are simple to form and manage. But as your company grows, so do your risks and responsibilities. You and your partners may find that you need more structure, stronger liability protection, or a way to prepare for long-term growth. Converting a partnership...

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Are Ladybird Deeds Dead in North Carolina?

In North Carolina, limited methods exist to pay for skilled care in a nursing home.  Assisted living facilities are governed by an entirely separate set of rules and payment programs and are not discussed in this article.  

Three methods are available for nursing home payment in North Carolina: ...

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Legal Toolkit for College Students

Heading off to college is an exciting milestone. For many families, it is also the first time a child will be living independently as an adult. Once a student turns 18, parents no longer have automatic authority to make medical or financial decisions on their behalf. That can create real challenges if...

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Partner Buyout Strategies: Planning for Smooth Transitions

When one business partner decides to move on, the ripple effects can be felt throughout the company. Whether it’s the result of retirement, illness, or a career shift, a partner’s departure doesn’t have to create instability. A clear, well-thought-out buyout strategy can keep operations on track and relationships intact. At Patrick, Harper...

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