North Carolina residents who own their own business can take steps to ensure that they have an effective succession plan for their business. There are various options they can pursue to transfer control of the business, such as establishing employee stock ownership...
Month: November 2018
Increasing the odds of successfully selling a business
Some business owners in North Carolina opt to sell their business because it's no longer viable. Other entrepreneurs in the Tar Heel State might decide to sell because they view their business as an asset that can grow and build. In some instances, a business owner is...
Asset purchase agreements can be tailored to the case
Buying or selling a business in North Carolina raises many issues that entrepreneurs have to deal with. The process of transferring an ownership interest should include an examination of the factors that make the business unique. Someone selling a business may open...
How statutes of limitation impact lawsuits
In North Carolina and other states, a statute of limitations may apply in a wrongful death case. Once the statute of limitations expires, an individual is generally unable to pursue legal action in the matter. The time in which a person has to file a suit in a...
When the family business is for sale
Small business owners in North Carolina are often deeply attached to their businesses, especially if they have been passed down through the family or built from the ground up by the founder. However, as time goes on, many owners may think about selling their...
Helping families handle business transactions
North Carolina business owners who are looking to sell their companies should assemble a team to help them complete such a transaction. However, they may also need to prepare their families for how the sale could impact their lives. Roughly 70 percent of those who...
New technology monitors truck drivers for signs of fatigue
Two companies have teamed together to minimize accident risks for commercial truckers in North Carolina and other parts of the country. The collaboration is meant to reduce issues with driver fatigue that could contribute to serious or fatal accidents. Part of the...
Truck driver facing reckless driving charges over bus crash
A North Carolina truck driver has been charged for his role in a serious motor vehicle accident that took place on Oct. 26. The crash occurred in Craven County at around 7:57 a.m. According to media reports, the defendant, age 45, was driving a log truck east on Old...
How to prepare to sell a business
North Carolina business owners and others who are thinking about selling their companies should work to improve organizational efficiency. A company that runs at peak performance tends to attract more interest from potential buyers. To improve efficiency, a company...
Resolving contract disputes in North Carolina
The realities of the business world make contract disputes inevitable in North Carolina and around the country. When parties renege on their contractual commitments or do not interpret an agreement's provisions in the same way, an experienced attorney taking a...