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...
The Basics Of North Carolina Zoning And Land Use Rules
As a property owner in North Carolina, zoning and land use rules govern what you can and cannot do with your property. Here’s what you need to know about your rights and obligations.
Understanding Zoning in North CarolinaZoning laws determine what types of uses...
How Can I Establish Paternity in North Carolina?
Whether you are unmarried and with a long-term partner, or you are in a marriage and have suspicions about infidelity, establishing your parental rights is a vital step you must take to protect your rights. However, there can be some confusion over establishing paternity in North Carolina.
Biological fathers...
Explaining the Legality of a Non-Compete Agreement
Employers may ask workers to sign non-compete agreements when they take high-level roles in the company or gain access to confidential, proprietary information that gives the employer a competitive advantage in the market. However, creating a legal, enforceable non-compete agreement means the agreement must meet various criteria. Courts may decline to enforce...
Further Updates on Beneficial Ownership Information (BOI) Reporting Requirements under the Corporate Transparency Act (CTA)
Beneficial Ownership Information (BOI) reporting requirements remain temporarily suspended, following a whirlwind of reversals and reinstatements just days before the original January 1, 2025 reporting deadline.
On December 3, 2024, a federal district court issued an injunction temporarily suspending the BOI reporting requirements. The injunction was upheld on appeal,...
Divorce Litigation vs. Divorce Mediation in North Carolina
The end of a marriage often brings significant changes, from financial adjustments to redefining family dynamics. Each couple’s journey is unique, and how they choose to move through the divorce process can have a lasting impact on their future. Whether you’re looking to minimize conflict or need structured guidance through difficult decisions,...
What Is Fraudulent Inducement?
Fraudulent inducement can undermine even the most carefully structured agreements, leaving one party unfairly disadvantaged or misled. This deceptive practice happens when someone is enticed into a contract based on false promises or misrepresentations, and the impact can be significant. Whether it involves financial commitments or business deals, fraudulent inducement can lead...
