Business Law

Sole Proprietor vs. Limited Liability Company (LLC)? First, of all, are you actually in business? If you’re asking this question, the most likely answer is yes. There are several small ways that you could be in business, including buying and…

The Corporate Transparency Act (“CTA”) creates the Reporting Rule which requires certain entities to file information concerning beneficial ownership in the organization to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). The CTA is a bipartisan legislative…

You have worked hard to build your business, and it’s time to reap the rewards! Whether you are preparing to retire, moving to a new industry, or just want to get out while you’re at a high point, you may…

What is an LLC? A Limited Liability Company (LLC) is a business structure allowed by state statute that protects its owners from personal responsibility for their debts or liabilities. LLCs combine the favorable characteristics of a corporation and a partnership…

What is a Mechanic’s Lien? The concept of a mechanic’s lien traces back several centuries to its origin with Thomas Jefferson, one of our Nation’s founding fathers. At this time, the builders and laborers were often called “mechanics”, hence the…

North Carolina residents will no longer need a permit from the local sheriff to buy a handgun or small pistol. The North Carolina legislature on Wednesday overrode the Governor’s veto — a first since 2018. The House voted 71-46 to…

An employee’s knowledge and skills are often seen as valuable assets to their employers. As such, employers have an incentive to keep their employees within their respective organizations. Despite this, sometimes the employer-employee relationship will nevertheless be terminated. When this…

So, you have decided to start a business. Now what? Starting a small business can be a challenging yet rewarding process. In addition to planning how you will sell the services or goods, the small business owner must become an…

Often individuals or groups of individuals decide they want to start their own business.  When this occurs, many questions must be answered before proceeding. The first is does the corporation need to be a Limited Liability Company (LLC) or does…