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With construction of new homes on the rise in the areas surrounding Raleigh like Wake Forest, Morrisville, and Apex (as well as surrounding counties like Johnston, Franklin, Granville, Chatham and Lee Counties) along with continued refurbishment to older homes (for example in the ITB section of Raleigh), it is important
Choosing the right business entity is an important step in starting or growing a company. The choice of one over another can affect liability exposure, taxation rates, management choices, and financing opportunities. Oftentimes, there is no clear choice. Moreover, when a business changes or evolves over time, it may need
Organizing a business as a limited liability company (LLC) is beneficial for small businesses to protect individuals from personal liability. LLCs generally protect company debts from being attributable to a debtor personally. However, what about the converse? Can a limited liability company face collections for the owner’s personal debts? Or
For many startups, it can be impossible to obtain credit without offering a personal guarantee of an owner or officer. If the business is unsuccessful, and cannot pay its debts, this guarantee can come back to haunt them. Most creditors’ attorneys will file suit on a breach of contract claim
Whether you are the sole member of a small limited liability company or the president of an international corporation, the chances are that you will eventually need the assistance of a seasoned business litigation attorney. The Raleigh business litigation law firm of Maginnis Howard represents dozens of local, national, and
In the construction industry it is fairly common to see subcontractors, general contractors, or builders shut their corporate entity down, only to emerge shortly thereafter as a new entity performing the exact same tasks, often from the same location, and with the same phone number. Joe’s Heating and Air becomes
The Raleigh civil litigation attorneys of Maginnis Law represent a variety of small to medium size businesses. The law firm’s clients include companies involved in construction, staffing, international trade, automobile repair, telecommunication, food service, land development, entertainment, and technology. To speak with a Maginnis Howard small business attorney regarding legal
Certain clauses in breach of contract matters, particularly in construction agreements, have been found to be per se illegal under North Carolina law. It is important for business owners, general contractors, and individuals entering into agreements with larger national entities who use standard form contracts to be aware of these
A common problem in close corporations or small 2-3 member LLCs is what happens if there is a dispute between the shareholders. A common misconception is that majority ownership allows owners to do whatever they want with “their” company and that everyone else is along for the ride. It would
Property owners frequently have questions about the license requirements on their homes. Some are aware of the $30,000.00 requirement with regard to contractors; that is, that general contractors cannot contract to have substantial control over construction work on a property that is not for their own residence that exceeds $30,000.00.