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…