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Raising New Capital: Selling Stock Without Registration? Be Careful

May 18, 2011

Among the myriad of issues you as an entrepreneur or business founder face when starting or growing your business is how to raise capital. …
Firm News

Ward and Smith, P.A. Sponsors TiE Carolinas and its Global Business Competition

April 30, 2011

Question: What do you get when you mix four smart teenagers + a teacher + an engineer + a lawyer? Answer: An idea to…
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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…