Many business owners envision a time at which they will sell their companies. It is important for them to understand the process so that they might avoid making some errors.One of the most common mistakes that business owners make is not engaging in sufficient...
Month: December 2017
The importance of a business sale team
Typically, a business is sold after the conclusion of a lengthy process in which a seller prepares the company to be purchased for as much as possible. To get maximum value for a company, a business owner in North Carolina or elsewhere may need to spend as much as a...
How companies can get what they are owed
In most cases, business owners in North Carolina don't have to worry about customers not paying their bills. According to the Credit Research Foundation, delinquencies are rarely longer than seven days. However, if a customer is delinquent on a payment, it may take...
Uniform Power of Attorney Act going into effect in the New Year
North Carolina has enacted the Uniform Power of Attorney Act which becomes effective January 1, 2018. The new Act does not revoke any existing powers of attorney executed prior to January 1, 2018. The new Act under Chapter 32C provides 3 new forms including the...
Why defining freedom is important for business owners
Business owners in North Carolina and elsewhere typically cite freedom as a main reason for starting their companies. However, freedom can mean a variety of different things to different people. It is critical that those who start a business define what freedom means...
Crucial steps when starting the business sale process
North Carolina business owners generally want the most money possible from the sale of their companies. To determine whether an offer accomplishes this goal, it is important to first have the company appraised. Ideally, the appraiser will be licensed and accredited,...
Reducing the odds of being in a motorcycle accident
Motorcycle accidents may cause significant injury or death to North Carolina residents. Taking driver safety courses as well as wearing safety gear may help a rider reduce the odds of an accident or the impact of a collision. It may also help to understand the most...
Motorcycles and passengers
There are certain steps motorcycle riders in North Carolina can take to make sure they and their passengers remain safe while on the road. By being extra aware, getting the right amount of practice and using good coordination, riding a motorcycle can be safe and fun....
How an ESOP could help businesses survive
Many North Carolina entrepreneurs may be hesitant to plan for business succession. However, it is an important process that could prevent people from losing their jobs. Creating a succession plan may be even more important today as rough one of every two business...
How motorcyclists stay safe when group riding
Though group riding is a favorite activity of many motorcyclists, riders should keep in mind that it comes with certain risks. The tips that experts give regarding motorcycle safety apply here in North Carolina as well as in the rest of the U.S. While safety in...