Security interests in collateral, as governed by Article 9 of the Uniform Commercial Code, are a deceptively simple tool and yet errors in their creation are easily made. Generally speaking, a security interest allows creditors to confirm their rights to…
The Department of Labor proposed a new rule for determining if workers are independent contractors under the Fair Labor Standards Act. Under FLSA, employees are entitled to minimum wage, overtime pay, and other benefits, which independent contractors are not. The…
As attorneys, we often find that, even if we are nice people, our letterhead scares some folks. Those folks receive a letter, or a lien, or a Summons and Complaint, from our office and immediately call their contact with our…
Employees across the country seem to be leaving their current companies for what they perceive to be greener pastures with other companies at a high rate. However, employee contracts can, and depending on the industry, often do, include mechanisms that…
You have successfully obtained a judgment against a debtor. Now what do you do? There is a process to collect on the judgment. Once a judgment is obtained and the Defendant, (the debtor) is served, the debtor has 30-days to…
If you have been involved in the housing market during the past two years as a potential buyer, you likely have numerous anecdotes regarding the difficulty of securing the purchase of a home. As someone who was unsuccessful in buying…
As a credit manager, are you considering what you need to do to prepare your company for the reception experts continue to forecast? Hannah Sheridan & Cochran’s lawyers recently teamed with NACM South Atlantic, and Thea Dudley, the Credit Overlord,…
In the course of forming or running a Corporation or LLC, the directors or managers may see it as advantageous to advertise or otherwise operate their business under a name different from that it was originally formed under. In North…
For the past two years, HSC partner Nan Hannah served as Major Gifts Chair for the Taylor and NW Cary Family YMCAs' We Build People (WBP) annual campaign. The funds raised support programs offered by the two YMCAs offering tutorial…
Hannah Sheridan & Cochran, LLP is proud to be a sponsor of North Carolina's bid to host the 2027 FISU World University Games. As part of that effort, Nan Hannah, in her role as Chair of the Triangle Sports Commission,…
As our world grows ever-more reliant on technology and the convenience it provides, North Carolina has recently taken a major step related to notary services. House Bill 776, which has a short title of “Remote Electronic Notarization”, has been signed…
In recent headlines, we learned that the “Naming Commission” created by Congress to consider new names for military bases named after Confederate officers has suggested a new name for Fort Bragg, which could become “Fort Liberty.” It will be interesting…
Introduction You have a great business idea for a business and you’ve decided to make it a reality. Good for you! What are the next steps? There are lots of things to consider when starting a business. Funding, marketing, and…
We’re excited to announce that Jared Willis has joined our legal team at Hannah Sheridan & Cochran. Jared is passionate about continuing his contract specialty, but specializes in all areas of law at Hannah, Sheridan, & Cochran. Jared’s enthusiasm for…
Timelines & Date Calculations Liens (Private Projects) Notice to Lien Agent 15 days from the first date of furnishing for absolute protection If furnishing, within 15 days before closing, then ASAP, but not more than within 15 days of first…