It was bound to happen. Someone was bound to file a lawsuit over someone else’s response to the coronavirus or COVID-19. The American Airlines pilots’ union sued the carrier in...
Who’s getting sued over the coronavirus?
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Category: Business Law
Take steps to avoid wage and hour lawsuits
Businesses place themselves at risk for lawsuits when they categorize or pay employees incorrectly. Even if you make these violations in error, your company could receive significant fines. These strategies can help North Carolina businesses protect themselves from wage and hour-related lawsuits.
Dealing with business partner disputes
Joining forces to start a business with a partner may double your resources, but it can also lead to disagreements. Although disputes may be inevitable, understanding how to...
Before the Election, Make the Correction(s)
One of the more common reasons for an LLC to make such an election is the payroll tax treatment of “shareholder-employees” in an S corporation versus the self-employment tax treatment of members in an LLC.
Reviewing possible defenses for a breach of contract claim
In this post, we will examine some possible defenses to such a claim, and it is imperative for North Carolina business owners in this position to know which strategy will work best given their unique situation.
Why are business succession plans crucial?
A business succession plan is important because it allows you to make detailed and well-researched decisions about what you want to have happen with your business once you are no longer able or willing to manage it.
Can you allow dogs in your pub?
Allowing dogs in your pub or bar is now legal but be aware there is a caveat if you want to stay within health code guidelines.
More Elections for S Corporations?
Many business owners may not be aware of other elections that are available to existing S corporations with significant ownership changes occurring in a given tax year. These elections are important considerations for shareholders and should be addressed with the company’s CPA early in the ownership change process.
Leaving Paper Behind – The Reasons Why Your Small Business Should Go Digital
In today’s fast-paced and modernized society, technology is advancing rapidly, and more small businesses are trading in the paper for a more efficient and environmentally...
Performing due diligence for a business merger or acquisition
Two separate businesses may decide they would perform better by working together. Or, one business may agree to buy and acquire another. Either way, the North Carolina buyer needs to perform due diligence before money changes hands.