News + Insights

Select a Type
article

Growth, Pressure, and Planning: Why North Carolina Farmers Need Legal Counsel Now More Than Ever

April 14, 2026

|
Written By Allen N. Trask, III
Most farmers did not get into farming because they dreamed of sitting across a table from an attorney. They got into farming because they…
Firm News

Hunter Morris and Peter von Stein to Speak at Inaugural Landowner Summit

December 22, 2025

Ward and Smith attorneys Hunter Morris and Peter von Stein will speak at the Inaugural Landowner Summit on Friday, January 9, 2026, at the…
article

Long-Term Care and the Family Farm: Legal Planning to Preserve Agricultural Assets

June 27, 2025

|
Written By Peter B. von Stein
For many farming families, preserving the family farm is a deeply rooted goal—and a legal challenge that becomes more complex with age. As the…
article

More Than Dirt, Seed, and Tractors: Why Today’s Farms Need Real Strategy

June 13, 2025

|
Written By Allen N. Trask, III
Farming has always been hard work. But today, large-scale agricultural operations aren’t just production-focused—they’re complex businesses operating in a dynamic, heavily regulated environment. Sophisticated…
Firm News

Ward and Smith Attorneys to Present on Business Succession and Estate Planning at NCBA CLE Program

April 23, 2025

Attorneys Richard Crow and Matt Thompson will share their insights at an upcoming Continuing Legal Education (CLE) program hosted by the North Carolina Bar…
Firm News

Attorney Zac Lamb to Speak at Western NC Farm Succession School

March 17, 2025

Ward and Smith attorney Zac Lamb will be a featured speaker at the Western NC Farm Succession School on Thursday, March 27, at the…
Firm News

Ward and Smith Attorneys to Speak at Central NC Farm Succession School

March 3, 2025

On Friday, March 21, 2025, Ward and Smith attorneys Zac Lamb, Hunter Morris, and Sydney Smith will share their insights at the Central NC…
Firm News

Save the Date: Ward and Smith Executive Breakfast on Business Succession Planning

February 12, 2025

Business owners and executives looking to secure the future of their companies won’t want to miss an exclusive opportunity to gain expert insights over…
Firm News

Our November Focus: Family Matters

November 22, 2024

November focuses on “Family Matters,” covering crucial topics impacting families: closely held businesses, life changes, divorce, death, child custody, and estate planning. And A…
Firm News

Our May Focus: Working Through Difficult Times

May 31, 2024

  The May theme, “Working Through Difficult Times,” revolves around acknowledging and addressing the challenges individuals and businesses face during challenging times. Easing the Burden:…
article

Closely Held Businesses: You Make the Plan, or a Plan Will Be Made For You

May 21, 2024

|
Who is the Better Planner for Your Affairs: You or the State? Planning for the succession of a closely held business is a lot…
Firm News

Our February Focus: Love, Relationships, and the Law

February 27, 2024

This month’s theme explores the intersection of love, relationships, and the legal frameworks that govern them. Protecting Your Family Business for When Marriages End By…
Firm News

Media Mention: Business North Carolina’s Features Article by Zac Lamb and Merrill Jones

February 21, 2024

Dive into the February issue of Business North Carolina for insightful advice from business succession attorneys Zac Lamb and Merrill Jones about safeguarding your…
article

Protecting Your Family Business for When Marriages End

February 2, 2024

|
Love may be eternal, but all relationships on this earth are guaranteed to end at some point. In fact, we know with certainty that…
Firm News

Ward and Smith Attorneys to Speak at ASAP’s 2024 Business of Farming Conference

February 1, 2024

Attorneys Jenny Boyer, Bill Durr, and Avery Locklear will speak at the 2024 Business of Farming Conference hosted by ASAP (Appalachian Sustainable Agriculture Project) on Saturday, February…
Firm News

Zac Lamb and Jane Francis Nowell to Speak at 2024 Business Law Section Program

January 30, 2024

  Attorneys Zac Lamb and Jane Francis Nowell are set to deliver a compelling presentation at the North Carolina Bar Association (NCBA) 2024 Business Law…
Firm News

Zac Lamb to Speak at the Land of the Sky Estate Planning Council Meeting

January 23, 2024

Get ready for a compelling discussion on business succession planning with Ward and Smith Trusts and Estates attorney and Business Succession Practice Group leader…
article

Top 10 Articles for Businesses in 2023

December 28, 2023

|
As we eagerly anticipate the New Year, it’s time to reflect on the most impactful articles that captured the attention of businesses in 2023.…
Firm News

Ward and Smith Attorneys to Speak at the Farming the Future Conference

November 20, 2023

Three Ward and Smith attorneys are set to deliver an insightful presentation at the upcoming Farming the Future Conference hosted by Coastal Agribusiness. The…
Firm News

Step into the Boardroom with Ward and Smith at Business NC’s CEO Summit

September 5, 2023

In the heart of North Carolina’s thriving business community, a dynamic event is set to take place this October that focuses on the future…
article

Has Your Business Attorney Met Your Estate Planning Attorney?

April 28, 2023

|
Every business should have documentation that confirms its ownership, management, and governance structures. If the business has more than one owner, the documentation should…
article

Whose Business is it Anyway? A Business Succession Case Study

February 3, 2023

|
Three Ward and Smith attorneys provided an overview of succession planning, estate planning, divorce, and the separation of assets. The seminar — A Business…
Firm News

Media Mention: Business Adaptability During COVID-19

October 9, 2020

COVID-19 continues to significantly impact businesses, but there are ways companies can emerge from the current crisis stronger. The Wilmington Business Journal recently asked corporate and…
article

Five Things to Consider When Selling Your CBD Business

August 28, 2020

|
For many business owners, the intended exit strategy is to sell to a competitor or a larger company, thereby taking advantage of the upside…
article

Liability Waivers and Questionnaires in the Time of COVID-19

June 17, 2020

|
Written By Will Oden
As businesses begin to re-open and re-engage their workforce, and in light of the ongoing COVID-19 pandemic, it is worth exploring requiring your employees…
article

Howdy Partner: A Trail Guide for Promoting an Employee to Co-Owner

June 12, 2020

|
Written By Jennifer V. Boyer
It is a particularly thorny question – one faced by owners of businesses both large and small:  Is it time to promote this employee…
article

Leases and Bankruptcy in a Time of Coronavirus

May 27, 2020

|
Written By Lance P. Martin
Many businesses in bankruptcy or heading that way – particularly retail establishments – face an uncertain future as states and cities move from closures…
article

COVID-19 and Benefits: “Now, a Word from Your HR Director”

April 9, 2020

By now, most employers have been inundated with information on the CARES Act, which was recently passed in an attempt to stimulate the U.S.…
article

Treasury Department Releases Vital Paycheck Protection Program Information

March 31, 2020

|
Written By William S. Durr
The much-anticipated CARES Act provided for the Paycheck Protection Program, which is meant to help small businesses both retain their employees and meet their…
article

SPECIAL ALERT: Governor Roy Cooper Shutters More Businesses and Extends K-12 Public School Closure

March 24, 2020

|
Written By William S. Durr
On March 23, Governor Roy Cooper signed Executive Order 120 (“Order”). The Order extends the in-person closure of the public K-12 schools in North…
article

Real-Life Lessons on How Mid-Sized Companies Handle Ownership Transitions

January 8, 2020

|
Written By Jennifer V. Boyer
Business consultant Karen Albritton and attorney Deana Labriola, along with Ward and Smith attorney Matt Thompson, all with personal experience in a variety of companies, discussed several of…
article

Lifetime Transfers of Family Business Interests: An Estate Tax Planning Opportunity in Uncertain Political Times

November 15, 2019

|
Written By Peter B. von Stein
When a family business owner’s goal is to ultimately pass ownership of the business on to the next generation, business succession planning and the…
article

Live-Action Role-Playing — The Challenges of Working With Family Members

October 31, 2019

|
Written By Will Oden
Leaders of closely held businesses got an opportunity to view a family-owned enterprise as an outsider would, instead of their usual position inside a…
article

How Companies Must Tackle the 4 M’s to Grow Through ‘No-Man’s Land’

October 4, 2019

|
Written By Zachary F. Lamb
Businesses trying to grow through the stage where they’re too big to be small businesses, but not large enough to be big businesses, must…
article

So You’ve Been Watching (and Cringing at) HBO’s “Succession?”

October 2, 2019

|
Let’s discuss some less-dramatic exit options for business owners (when they want to step away). You may not run a global media conglomerate, but…
article

Is it Time to Review Your Succession Plan Documentation?

September 13, 2019

|
Business succession and estate plans are made based on circumstances existing at the time they are put in place.  Though skillful attorneys strive to…
article

What Could Go Wrong? The Importance of Business Succession Planning

April 20, 2018

|
Most business owners expect that their company will continue to operate after they stop working. However, successfully transitioning control of a business rarely occurs…
article

Succession Planning—Bet the Farm on It

May 12, 2017

|
Despite recent trends toward consolidation in the agricultural industry, farming generally remains a family affair.  According to the United States Department of Agriculture, 98%…
article

Business Succession Planning

October 4, 2010

Most closely held business owners and key executives are too busy dealing with the day-to-day demands of their business operations to focus on the…