Some businesses must pay income taxes. Some need not. Some businesses must file annual federal tax returns. Some need not. During tax season, these issues obviously take on added importance. We have recently fielded dozens of related questions and formed…
“What’s in a name? That which we call a rose by any other word would smell as sweet.” Juliet clearly never served in the North Carolina legislature… Under the current law, North Carolina businesses may always operate under the legal…
Often lumped together and buried in the small print of business and construction contracts, indemnification, duty to defend and hold harmless provisions are often accepted without much examination or fanfare. However, these three distinct provisions can have major consequences. An…
Receivership is a state law remedy similar to bankruptcy which is rarely used. In the current legal world, receivers are most often sought during disputes between shareholders or business partners, especially where there is a “silent” partner who begins to…
While sitting in a complex mediation recently, key words on which attorneys and clients alike should focus began to surface. Those words are SUCCESS; CREATIVITY; FLEXIBILITY; PATIENCE; AND COST/BENEFIT. Examining the words in the litigation context may help you prepare…
Is the new lien law working or is the economy simply humming along? A good question for all those involved in the construction industry right now. As April arrives, we complete the fourth year under the new age of the…
Contracts can be created with a simple conversation of a verbal offer an acceptance between two parties, with some consideration thrown in to make it enforceable. Contracts happen to everyone on a daily basis. We often enter into contracts with…
Have you ever started the lien process only to discover that the entity for which you performed the work was leasing the real property? Has your attorney explained that your lien is only as good as the terms of the…
In 2012, the North Carolina General Assembly passed significant changes to Chapter 44A of the North Carolina General Statutes. They created a “lien agent” and what was anticipated to be a pre-notice concept to reduce the risk to title insurance…
Projects funded by North Carolinians’ tax dollars are not subject to mechanic’s liens, so the legislature long ago crafted legislation known as “the Little Miller Act.” Modeled on a federal act known as “the Miller Act” (or “Big Miller”), the…
A home renovation opens up new opportunities to update and enjoy your house. You are starting a process that will make your house more of a “home”! A major renovation is an investment in the future needs of your family,…
Hannah Sheridan Loughridge & Cochran’s attorneys enjoy extensive experience associated with filing mechanic’s lien claims, demanding payment from sureties upon payment bonds, and seeking remedies in the courts when parties to these claims fail to abide by their legal obligations. The…
Over ten years ago, I had the opportunity to take the 40-hour course required to become a mediator certified by the North Carolina Dispute Resolution Commission to conduct Superior Court Civil mediated settlement conferences. It was by far the best…
Mergers and acquisitions. Investments of capital. Changes of ownership. Merger and acquisition trends track closely to the larger economy. 2015 saw historically high transaction rates. According to Deloitte’s Year-End Report, “[2016] started with a thud…But in October, US companies unleashed…
A project is complete and everyone is happy, until a latent structural defect is suddenly noticed. The owner calls on the general contractor to fix it. The general contractor calls on the subcontractor to address the problem. Everyone points fingers,…