Congratulations to gay couples who now can enjoy full legal recognition of their married status! One of the most powerful tools under North Carolina real estate law is to hold property by Tenancy by the Entirety. This is only available to married couples and thus was...
Your Hometown Firm For Personal Legal Service
Year: 2014
Did the Court Get this Decision Right? Copying to Attorney Does NOT Make an Email Privileged
A recent federal court decision appears to attempt to limit the application of the attorney-client privilege to email communications. Should sensitive emails between management personnel in anticipation of potential litigation against a “problem” employee,...
Sole Proprietorships and General Partnerships: The “Original” Business Entities
Starting a business can be a very exciting time and it can also prove to be stressful as the task of procuring new clients and transitioning your idea into profits can take some time to come to fruition. However, there are initial steps that should be considered by...
Education Trusts: A Unique Way to Plan for Higher Education
An Education Trust is a trust established for the exclusive purpose of financing the ever increasing costs of higher education. Education Trusts can be great planning tools for anyone looking to provide funding for the education of loved ones and are typically used by...
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
We had a client inquire today regarding the tax implications of their bank forgiving the deficiency amount owed after a foreclosure sale. The bank issued a 1099 of over $100,000.00 in “income” the client must report. Does the client need to pay income tax on that...
Registered Agents, Your Personal Representative for your Business
When registering your business with the Secretary of State, you are required to identify a Registered Agent. The requirement for the registered agent is set out via NC General Statute and is as follows: Must be an individual who resides in this state and whose...
Operating Agreements, the Guiding Handbook for LLCs
Many business owners often times feel that the filing of the Articles of Organization is the final step to formalizing their business entity. There is the additional step that is suggested to formalize the rules that will govern the relationships between individuals...
Meet Michele English of Maitland & English Law
Michele English’s practice is focused in the areas of wills, trusts, and estates; taxation; elder law; family law; and real estate law. She is licensed and admitted to the North Carolina State Bar. She is also admitted to practice in the United States Tax...
Congratulations to Coach Larry and Christin Fedora
Congratulations to Coach Larry and Christin Fedora on the purchase of their new home in Southern Village! Four true Tar Heels in this picture! Thanks to The Robby Oakes Group – Corporate Investors Mortgage Group. for this special day. GO HEELS!
Annual Reports: An Essential but Often Overlooked Business Filing
This time of year many individuals are focused on the April 15th deadline for the purpose of filing their individual and business income taxes. However, for registered corporations and limited liability companies, this date is representative of the Annual Report...