Starting a new business or expanding an existing one can be exciting. With the economy starting to show clearer signs of recovery, the inspiration to launch an endeavor may be on the minds of a lot of entrepreneurial types in North Carolina.There is no way to...
Business Formation & Planning
Government revenue demands a real pain in the nexus
The 1992 Quill decision by the U.S. Supreme Court established that governments can only collect sales and use taxes on transactions when the parties involved have a nexus in the jurisdiction. What that has typically meant is that the seller needs to have a physical...
Drone registration plans could mean legal compliance issues
Racecar driver Bobby Unser is noted as having said, "Success is where preparation and opportunity meet." Many in North Carolina would likely agree that few people epitomize success in business and the sport of auto racing better than Unser and many of others in his...
NC solar tax credit is ending. What’s next?
Solar power generation has been enjoying something of a boom in North Carolina. As of right now, the state is said to rank among the top four in the country for installed solar capacity. The only state with more utility-scale projects underway is California.Those in...
Cuba market may be opening but legal hurdles can’t be ignored
Business growth depends on being able to take advantage of opportunities as they open up. That's something that wise North Carolina entrepreneurs understand, as do those in legal practice with a focus on advancing and fulfilling a company's goals and objectives. Right...
What’s the big lesson from the SEC rule on CEO pay disclosure?
The Securities and Exchange Commission sparked big headlines earlier this month when it announced a new rule requiring publicly traded companies to reveal what the CEO makes compared to employees making the company's median salary. That in turn has sparked a lot of...
Liability risk management needed no matter the type of operation
There is no denying that small businesses are the lifeblood of the economy. That's true in North Carolina as much as in any other state. But not all businesses are necessarily for profit.Indeed, some operations launch with the express purpose of filling a need or...
What does it take to make a graceful exit from a business?
We have talked a lot in this blog about the importance of proper planning to get a business off the ground successfully. But if the plan you have only takes you as far as getting the door to your North Carolina business open and growing, some might argue that you...
Even in the Wild West e-commerce realm there are laws
Getting the right structure for your North Carolina business is something anyone starting a new enterprise needs to pay attention to. There are a lot of different types of ownership, as we noted in a post last week. You can go the relatively easy route of launching a...
How do I decide what ownership type is right for my business?
Back in the last century, Mickey Rooney and Judy Garland were a Hollywood power couple. They appeared in a whole string of films, many of them musicals anchored by the idea that kids could put on a boffo show in a relative's barn.Getting an enterprise off the ground...