Corporate structures provide many benefits, from liability and asset protection to tax benefits. However, developing effective corporate governance strategies is crucial to ensure your company operates at maximum efficiency and profitability. Our North Carolina business attorneys discuss the importance of corporate governance strategies in this blog, including...
Essential Clauses to Be Aware of When Drafting Commercial Contracts
Well-drafted commercial contracts are an essential element of operating a successful business in North Carolina. Business owners entering into contracts without legal advice may find their rights restricted. Worse yet, the contracts may contain costly mistakes that result in time-consuming, expensive business litigation.
In this blog,
The Complex Legal Process of Selling a Medical Practice
Selling a medical practice is often more complex and time-consuming than selling other types of businesses. Navigating the legal and business intricacies of such transactions requires careful planning and expert guidance. This is where a North Carolina business attorney can play a critical role, providing valuable insights and ensuring a smooth...
Tax Implications When Forming a Business
If you are looking to start your own business, it’s important to consider your tax obligations. With nearly a dozen different entity options to choose from in North Carolina, you will have to factor in taxes when determining how much startup money you will need. From a numbers standpoint, tax implications...
The Discovery Process in Commercial Litigation Cases: What You Need to Know
Discovery is a specific phase of litigation that generally begins after a complaint is filed and the parties have exchanged their initial disclosures. During this stage, the parties exchange information and learn more about their claims and defenses.
Any non-privileged item that is proportional to the needs of the...
Business Division During a Divorce: Complications and Protections
Divorce can be a complicated process involving lots of stress and painful moments, but if you and your spouse own a business together that will mean it won’t be simple. A North Carolina family law attorney can help you sort out the situation and ensure you are...
How Important Is Having a Lawyer for Commercial Transactions?
Most of us define a “transaction” as simply buying something from a store. In a larger sense, consider a commercial transaction. A commercial transaction encompasses a wide range of business activities. Whether you are buying a company, looking for tax breaks for your existing company, looking for help with licensing, or many...
Legal Challenges in Mergers and Acquisitions
The field of law known as M&A (mergers and acquisitions) is a fascinating one and any owner of a small or large business should understand its basic principles if they have any thoughts of combining their company with another company.
A few definitions: If you want to simply...
Transferring Your Business to Your Children – Where to Start
Many small business owners intend to transfer their business to their children. They work hard to build a successful company to pass down to future generations. In this blog, our North Carolina estate planning attorneys discuss several ways to transfer your business to your children, including the benefits of business succession...
Removing An Estate Executor Or Administrator In North Carolina
Serving as an estate executor or administrator comes with important responsibilities, known as fiduciary duties, that the courts take seriously. Breaching these duties can threaten estate assets as well as the rights of beneficiaries. It can also be a cause for the removal of the executor or administrator (both of which are...
