Resources

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How to Avoid “Marital” Problems in Your Business Marriage

I once heard an entrepreneur lament, “I’ll never go into business with anyone again. I will take in laundry, before I take in another partner.” This type of sentiment is common to any business owner who has gone through a “business divorce.” Indeed, business divorces can be almost as messy as any domestic marital separation. This is because any business venture among two or more persons is much like a marriage. It is easy and painless to get into a business “marriage,” but on ...
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Be Careful! Employer Policies/Personnel Actions on Use of Social Media Can Constitute an Unfair Labor Practice

Who would think that disciplining an employee for a derogatory social media post about working conditions (or having a social media policy banning such posts) could cause trouble for the employer?  The National Labor Relations Board, that’s who – and they will even cause trouble even for employers with no unions! Section 7 of the National Labor Relations Act, 29 U.S.C. §157, applies to all employers, regardless of any union activity, and protects employees who are engaged in job related ...
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C&R Attorney Nick Bakatsias Leads Child Safety Day on April 13, 2013

Greensboro, NC – The Young Lawyers Section of the Greensboro Bar Association and the Greensboro Optimist Club are hosting “Child Safety Day” at the Greensboro Children’s Museum on Saturday, April 13, 2013 from 1:00 pm – 4:00 pm. There is no cost to participate other than regular admission to the museum.  Parents can come to the museum and obtain a free laminated ID card for their children. Child Safety Day is an annual event designed to give Greensboro and area parents an extra mea ...
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Contractors, Subcontractors, and Suppliers Beware: Change Your Practices and Procedures or Risk Losing or Subordinating Your Lien Rights

Effective today, April 1, 2013, there are significant changes to the laws governing Mechanic’s Liens under Chapter 44A because of the implementation of North Carolina General Assembly Session Law 2012-158[1].  This new law creates the Mechanic’s Lien Agent, which if not properly notified, may impacts the rights of contractors, subcontractors, and suppliers (“Materialmen”) in North Carolina’s construction industry.  Generally, this statute is intended to prevent “hidden liens” fro ...
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Post-Bankruptcy Enforcement of Lien Rights Follow-Up 2

As I had posted on February 24 and March 20 of 2012, Bankruptcy Judge Doud of the Eastern District of North Carolina ruled that he would not follow the lead of two other Eastern District bankruptcy judges and held that a post-petition filing by a subcontractor of a claim of lien on funds owing to his contractor is a permitted exception to the automatic stay pursuant to section 362(b)(3) of the Bankruptcy Code. On appeal to the District Court, just recently District Court Judge Terrence Boyle aff ...
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Seeking Private Equity Investment for Your Business? Use the NC Qualified Business Venture Credit as Your Carrot

Seeking Private Equity Investment for Your Business? Use the NC Qualified Business Venture Credit as Your Carrot (PDF)

North Carolina Department of Revenue Provides New Guidance on the New North Carolina Net Business Income Deduction For 2012

Background.  In the summer of 2011, the North Carolina legislature enacted new N.C.G.S. 105-134.6(b)(22), which allows for a new personal income tax deduction of up to $50,000 of net "business income" received during the year for North Carolina tax purposes.  The new deduction applies beginning with the 2012 tax year. The term "business income" does not include income that is considered "passive" under the federal tax code.  And, if both spouses receive "business income" during the year, t ...
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For media inquiries, please contact: Erin Molinaro | ekm@crlaw.com