The owners of a limited liability company in North Carolina can create an operating agreement to establish formal rules and procedures for governing and operating their business. An operating agreement serves the same role for an LLC as the shareholders agreement and bylaws do for a corporation. Even single-member LLCs can benefit...
How Can I Modify Alimony in North Carolina?
Circumstances change, and your living situation should reflect any major changes to your income, family, or lifestyle. The same applies to alimony payments. Yet, the legal process can make it difficult for you to make necessary changes to your alimony arrangement.
If you need to modify your court-ordered alimony...
How Can I Change My Last Name in North Carolina?
Changing your last name might sound complicated, but in North Carolina, it is more common than you might think. People decide to change their name for all kinds of reasons, maybe after an adoption, a change in custody, or to make a family name match up. No matter your reason, it is...
Material vs. Minor Breach of Contract
Let’s say your supplier misses a delivery date or a contractor finishes a job but skips a few agreed-upon details. Is that enough to cancel the contract—or is it just a minor hiccup? In business, contracts are essential, but not every misstep amounts to a full-blown breach.
If you're...
Reasons for Modifying a Child Custody Order in North Carolina
Life Moves Fast. Sometimes, Custody Arrangements Need to Catch Up.
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When a child custody order is first put in place, it reflects where things stand at that moment—your family’s routines, living arrangements, work schedules, and your child’s needs. But life doesn’t stay still for long.
Corporate Transparency Act (CTA) Update: FinCEN Removes Beneficial Ownership Information (BOI) Reporting Requirements for U.S. Persons and Companies
Following the US Treasury Department’s statement that it would not enforce Beneficial Ownership Information (BOI) reporting requirements, FinCEN has announced that it will issue an interim final rule removing the BOI reporting requirements for U.S. persons and U.S. companies from the Corporate Transparency Act (CTA).
Under this interim final...
How Is Debt Handled During a Divorce?
North Carolina courts classify debt as marital, separate, or divisible. Marital debt includes loans, credit cards, mortgages and other obligations or financing either spouse took on during the marriage, even if the other was unaware, unless a judge determines otherwise. Separate debt includes any debt a spouse had before marriage or took...
What To Do If You Suspect Fraud In Your Business
Do you suspect you’ve become the victim of fraud perpetrated by your employees? If so, here are some steps you can take to identify and respond to internal fraud.
Recognizing the Signs of FraudSome of the most common signs of fraudulent activity occurring in...
Corporate Transparency Act (CTA) Update: Enforcement of Beneficial Ownership Information (BOI) Reporting Suspended
Just days after previously extending the Beneficial Ownership Information (BOI) reporting deadline, FinCEN announced on February 27th that all reporting and enforcement of the Corporate Transparency Act (CTA) would be suspended until a new reporting rule was finalized.
On March 2nd, the US Treasury Department issued a press release in...
Corporate Transparency Act (CTA) Update: Beneficial Ownership Information (BOI) Reports Due by March 21, 2025
The U.S. District Court for the Eastern District of Texas has lifted the nationwide injunction that temporarily suspended beneficial ownership information (BOI) reporting requirements for companies. In response to the Court’s ruling, FinCEN has issued a new deadline of March 21, 2025 for reporting companies to file BOI reports under the Corporate...
