Business & Corporate Law

Restrictions are being lifted, new guidelines have come out, and North Carolina is open for business. With all the safety concerns out there, you know your business will need a new normal. But, how can you protect your business from liability when re-opening on the heels of a global pandemic?  Here, we discuss the legal…

The ongoing COVID-19 crisis has dealt a blow to businesses across New Hanover County. From state-mandated closures of non-essential businesses to stay at home orders imposed on citizens, our coastal community has undergone a radical change that has had a drastic impact on local businesses. Some of these affected businesses may have business interruption insurance…

Though the full financial impact of COVID-19 is yet to be determined, many Wilmington businesses have had to close their doors in an effort to slow the spread of the virus. This has led to tremendous losses in revenue, unprecedented unemployment, and steep wage cuts. No business has been unaffected by COVID-19, and that data…

Selecting the right name for your business is one of the most important steps you will take as a new entrepreneur. You need to choose a name that stands out, that accurately represents your brand, and that immediately tells your audience what unique purpose your business serves. But it’s admittedly not easy. Not only is…

In short, succession planning is your corporate exit plan. Your exit plan answers the critical question: What do you plan to do with your business when you are no longer involved in it? It may seem counterintuitive to devise an exit plan right away when you launch your business – and to most business owners,…

The legal structure you select for your business is critical. It will impact your tax responsibilities, your ability to raise outside funding, and your liability exposure. In this article, we will briefly review five primary legal entity types. The Sole Proprietorship As a sole proprietor, you and your business are considered one and the same…

Starting your own business is an exciting experience for every new entrepreneur. Amid the excitement, however, there is often much uncertainty. If you are starting a business, it is important to go through full life cycle planning with an experienced business attorney. A business lawyer can explain how to start a business, identify risks that…