The Corporate Transparency Act is a federal law that was enacted in 2021. It is aimed at combating illicit activity like tax fraud and money laundering. This legislation places new obligations on businesses that meet certain criteria.
If your business meets any of these criteria, you should consult with...
A contract is a legal agreement between two or more parties that states the obligations and responsibilities each person agrees to uphold. Including damage clauses in contracts is one way to protect yourself if the other party doesn’t meet their obligations.
Many kinds of contracts include a...
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...
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,
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...
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...
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...
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...
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...
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...
