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Amazon HQ2 to Raleigh?! Could it be? Just Maybe.

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Since Amazon first announced, two months ago, that they would be seeking a site for their state-of-the art “co-headquarters”, applications from metropolitan areas have flooded the internet giant’s in box and speculation has run rampant.  And Raleigh may have a shot at landing this coveted contract.  The team at Sperling’s BestPlaces recent conducted what they’re […]

CAN WE SURCHARGE CREDIT CARD TRANSACTIONS?

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Premise: In the current economic environment, more and more entities and individuals are paying credit accounts with credit cards. For many merchants, this is acceptable as it reduces losses from returned checks and provides for more timely receipt of payment. However, such transactions also come with transaction fees the merchant pays to the credit card […]

LEGACIES

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A pebble dropped in a pond sends out ripples in all directions.  Do you ever think about the ripples you create as you move through life?  Last Friday night, a celebration was held honoring the 30th Anniversary of the U.S. Olympic Festival held in the Triangle (and beyond) in 1987.  The program included a flow […]

North Carolina Tops South Carolina, Lands Sawmill Facility

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Marshville-based Edwards Wood Products recently announced that it has selected Scotland County, North Carolina as the location for a new sawmill facility.  Initially, Edwards Wood Products will be investing 30 million dollars over 3 years to open the facility, creating 46 new jobs along with it.  Phase 2 contemplates an additional 20-million-dollar investment, along with […]

Limited Liability – The Most Important Aspect of a Business Entity

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We regularly form and restructure legal entities for our clients (LLC, S-Corp’s, etc.).  We advise our clients that a properly formed business provides a shield of protection from the business owner’s personal assets.  While researching this important concept, we found an Economist Magazine article from 1999 that still provides pertinent information today.  We hope you […]

BANKRUPTCY RECOVERY OPTION

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Have you ever heard of section 503(b)(9) of the United States Bankruptcy Code?  It was an addition as part of the 2005 overhaul/update to that Code.  As too often happens with legislation, it appears to be a good idea which was incompletely drafted.  However, for material suppliers, it is worth knowing about and keeping in […]

Tech Jobs & Pay Continue to Surge in North Carolina

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Tech Jobs & Pay Continue to Surge in North Carolina                 According to CBRE Group, Inc., one of the world’s largest real estate investment managers, tech employment in Charlotte and the Triangle markets continue to grow at an impressive rate.  Charlotte has purportedly added nearly 22,000 tech jobs between 2011 and 2016, which represents a […]

Governor Cooper Signs New Business Contract Law Implementing Updated Choice of Law and Forum Selection Clause Standards

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Business contracts often include choice of law and forum selection clauses which many consider boilerplate.  If the contract breaks down and litigation begins, these terms become very important in determining where the lawsuit will be tried and which state’s laws will apply. The Business Law Section of the North Carolina Bar Association issued a thorough […]

Changes Coming to Credit

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Changes Coming to Credit Reporting                 Beginning July 1, 2017, TransUnion, Equifax, and Experian plan to stop collecting and reporting information related to civil judgments and tax lien information.  The change, which will affect millions of American consumers and their credit scores, is said to be in response to a 2016 settlement with 31 state […]

PIPELINE AND LIENS: AN INTERESTING COMBINATION

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Politics and economics create interesting conundrums – this is not a news flash.  The Triangle Business Journal points this out in an article on the new Atlantic Coast Pipeline which is about to wind its way north to south across eastern North Carolina.  From the construction industry perspective (and without getting into either the politics […]

THINKING ABOUT STARTING A BUSINESS

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THINKING ABOUT STARTING A BUSINESS As a law firm which works with start-ups, we are excited to hear that the Triangle area of North Carolina continues to be a leader on so many “best of” lists. Today, WRAL Tech Wire reports that Durham in No. 6 and Raleigh No. 12 on the list of best […]