Entries by Business

Zoning In: New Tax Benefits of Investing in Opportunity Zones

By Jonathan Jenkins and Andrew Steffensen Overview If you are a lawyer who represents a taxpayer who recently realized a short-term or long-term capital gain, your client may be looking for ways to avoid recognizing that capital gain and the associated tax bill. Thanks to a new tax incentive program, a taxpayer who has realized […]

February Annual Meeting and CLE Programs

Save the dates!  The Business Law and International Law Sections will hold their annual meetings and joint CLE program on Feb. 14 and 15 in Pinehurst.  This year’s program includes sessions about securities law, emerging technologies, indemnification of company owners and principals, GDPR, dispute resolution issues in international practice, and a host of others, including the […]

Solution for Dilution Confusion

By J. Dain Dulaney, Jr. Imagine this day for a moment: you are the CEO and announce to your investors and employees that the company is issuing additional equity ownership and that their equity ownership percentage is being diluted. Chaos ensues. You have panicked existing investors. Employees are up in arms. All because a new […]

To Dissolve or Not to Dissolve

By Benjamin W. Baldwin The North Carolina Court of Appeals recently addressed a claim asserting a shareholder’s right to a judicial dissolution of a business corporation in Brady v. Van Vlaanderen, 2018 WL 3977437 (N.C. Ct. App. August 21. 2018). In Brady, the plaintiff was a shareholder in a family business, United Tool & Stamping Company […]

Involuntary Transfer Considerations for Operating Agreements in Bankruptcy

By Peter H. Webb Transfer restrictions in operating agreements serve an important function in assuring that the members of limited liability companies (“LLCs”) are able to control the admission and withdrawal of their fellow members.  Members view these controls as fundamental to the business relationship, as they do not want to be forced into business […]

Negotiating LLC Operating Agreements: Representing Minority Members

By Jennifer Weaver Negotiating on behalf of minority members of an LLC requires careful attention to their unique position.  The minority (“Minority”) may include those who have no voting rights at all or limited rights to participate in voting, or those who have a vote but not enough to control.  Although the Minority may not […]

Effects Of GDPR Extend Beyond EU to NC Companies

By Anderson Ellis Have you ever used a search engine to look for something, only to find that every subsequent website is advertising that item on sale? Have you ever mentioned some far-flung vacation locale to a friend, only to receive an unsolicited advertisement on your smartphone about cheap flights to that place? These targeted […]