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Unlicensed Contracting is a Costly Mistake!

Oftentimes when there are claims involving quality of construction, non-payment of subcontractors or suppliers, or payments due to a general contractor for money due from an owner, issues of licensure suddenly appear. Whether or not a general contractor and certain…

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The Basics of Pass-Thru Entities

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…

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Nondischargeable Debts in Bankruptcy

Bankruptcy is designed to give debtors a “fresh start.”  Accordingly, a bankruptcy discharge releases a debtor from liability for certain debts which the bankrupt party previously owed.  A debt discharged in bankruptcy is no longer owed. Bankruptcy is often cruel…

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Non-Compete Agreements Need to Be Carefully Drafted!

Non-Compete clauses have been an important tool in business practice for many years, used primarily in employer/employee relations and also as part of business purchases, both within the context of limiting future competition and adding value to the business. When…

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NEW ASSUMED BUSINESS NAME LAW HITS THE BOOKS

“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…

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Mergers and Acquisitions: Transactional Forces and Process

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…

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Mediation: A View From a Mediator

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…

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North Carolina Mechanic’s Liens and Payment Bonds

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…

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Living Through a Home Renovation

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,…

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LIEN LAW REVIEW: HOW ARE THE REVISIONS WORKING?

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…

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