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A Chink in the Armor: Limited Liability Business Entities Do Not “Absolutely” Protect Owners From Personal Liability

April 23, 2011

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Limited liability protection offered by business entities is invaluable to owners.  However, that protection is not absolute.  In certain circumstances, an owner may be…
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Use of Limited Liability Companies in Estate Planning

April 21, 2011

Limited liability companies (“LLCs”) and limited partnerships (“LPs”) frequently are used to accomplish two important estate planning objectives. First, these entities facilitate gifts by…
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Distressed Real Estate Developments: Opportunities and Traps for Lenders and Investors

April 17, 2011

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Written By Samuel B. Franck
Special Bulletin DEVELOPMENT ISSUES Recent media reports discuss the impact of the “Great Recession” on unemployment, jobs, and foreclosures of individual residences.  But what…
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Congratulations, You’re a Landlord – Now What?

April 12, 2011

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Written By Clifford P. Parson
So you took our advice (“Prudent bidding on real estate at a foreclosure sale” – http://wraltechwire.com/business/tech_wire/news/blogpost/7334076/).  You found residential rental property in foreclosure and…
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The New Federal Estate and Gift Tax Rules: Do I Really Need an Estate Plan Anymore?

April 7, 2011

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Written By Matthew W. Thompson
Recent legislation significantly changed the federal transfer tax rules (which govern the taxation of gifts and estates).  In light of these changes, many have…
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Making the Tax Code Work for You and Your Business – Business and Individual Tax Planning Opportunities in 2011 and 2012

April 5, 2011

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Written By Lee C. Hodge
You are likely aware that various business and individual income tax provisions were enacted in 2001 and 2003 during President George W. Bush’s administration,…
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The North Carolina Open Meetings Law: What Members of Governing Boards and Citizens Need to Know

March 14, 2011

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Written By James W. Norment
Clients – whether governmental bodies or interested citizens – often ask about how North Carolina’s Open Meetings Law works.  This article is intended to…