Smoke Signals: No Fiduciary Duty For Minority Shareholders — At Least Not Yet

The following excerpt is reprinted with the permission of and with credit to North Carolina Lawyers Weekly. Smoke has long been used for sending signals, but…

Zoning In: New Tax Benefits of Investing in Opportunity Zones

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…

February Annual Meeting and CLE Programs

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…

Solution for Dilution Confusion

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…

To Dissolve or Not to Dissolve

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…

NC Loan Broker Act Remains an Important Lending Statute and Litigation Tool

The North Carolina Loan Broker Act was enacted in 1979 “to protect the public from unscrupulous loan brokering practices.”  Brief of Amicus Curiae Roy…

Involuntary Transfer Considerations for Operating Agreements in Bankruptcy

Transfer restrictions in operating agreements serve an important function in assuring that the members of limited liability companies (“LLCs”) are able to…

Negotiating LLC Operating Agreements: Representing Minority Members

Negotiating on behalf of minority members of an LLC requires careful attention to their unique position.  The minority (“Minority”) may include those who…

Effects Of GDPR Extend Beyond EU to NC Companies

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…