News + Insights

Ward and Smith is thrilled to announce that the firm has been ranked in the 2021 edition of Benchmark Litigation, the definitive guide to the…

  One of the hallmarks of limited liability companies (“LLCs”) is that members of an LLC ordinarily do not owe fiduciary duties to each…

In North Carolina, it is well settled that fiduciaries have certain duties and can be held liable for breaching those duties.  What is less…

What are Limited Liability Companies? Limited liability companies (“LLCs”) are authorized in North Carolina by Chapter 57C of the North Carolina General Statutes.  LLCs…

Corporate Director Standards of Conduct Directors have broad obligations to act in the corporation’s best interests, principally for the benefit of the owners of…

A member of a corporation’s board of directors always must direct the corporation in a manner that is consistent with the director’s fiduciary duties…