North Carolina Annual Report Filing Changes

June 10, 2011

The North Carolina General Assembly recently passed legislation (Session Law 2010-31), which went into effect June 30, 2010, making a few changes in the annual report filing requirements for North Carolina corporations and limited liability companies. Amazingly, the new law may actually result in some limited liability companies not having to pay the $200 annual…

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Incorporating Your Start-up Business

June 7, 2011

You have a great new business concept (or even better, you’re buying someone else’s great business concept), a cool name, and plans to be in business by next month. Maybe you have even met with an accountant to review your business plan and set up your books, which is always a good idea. You’ve noticed…

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Negotiating Commercial Leases (Part 2)

May 27, 2011

Signing a commercial lease is often one of the first significant financial commitments that an entrepreneur will be required to make to his or her new business venture. Landlords will generally demand a personal guaranty of the lease by the business owner(s), requiring personal assets to be placed at risk. Accordingly, any prospective tenant should…

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Negotiating Commercial Leases (Part 1)

May 7, 2011

At some time in the life of their business, most business owners will find occasion to lease commercial space. While owning business real estate can be desirable, many businesses cannot afford a significant cash outlay, particularly at the development stage. For those contemplating a new lease or lease extension for your business, the purpose of…

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Buyers Beware!

April 14, 2011

Following is an article that I published in the Fall 2009 Quarterly of the International Business Brokerage Association: Caveat Emptor is one of those Latin phrases we lawyers learn in law school. It means “buyer beware”, and is a fundamental principle of English common law that governs business transactions. It means that the buyer of…

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