On Behalf of Connors Morgan, PLLC | Apr 23, 2020 | business law
Businesses often use interns, and these ideally are win-win partnerships. On the one hand, the inexperienced worker gains valuable hands-on experience by working in a professional environment. On the other hand, the company gets an influx of fresh ideas from the...
On Behalf of Connors Morgan, PLLC | Apr 1, 2020 | business law
Limited liability companies (LLCs), have significant advantages over the default option for business organization, which is a sole proprietorship. The primary advantages are pass-through taxation and limitations on liability. Pass-through taxation treats the profits...
On Behalf of Connors Morgan, PLLC | Mar 11, 2020 | business law
It was bound to happen. Someone was bound to file a lawsuit over someone else’s response to the coronavirus or COVID-19. The American Airlines pilots’ union sued the carrier in order to get it to stop serving China during the outbreak. Meanwhile, the city of Costa...
On Behalf of Connors Morgan, PLLC | Nov 25, 2019 | business law
Businesses place themselves at risk for lawsuits when they categorize or pay employees incorrectly. Even if you make these violations in error rather than purposefully, your company could receive significant fines. These strategies can help North Carolina businesses...
On Behalf of Connors Morgan, PLLC | Nov 5, 2019 | business law
Joining forces to start a business with a partner may double your resources, but it can also lead to disagreements. Although disputes may be inevitable, understanding how to handle conflict can minimize the impact on your partnership. Keep these strategies in your...
by Jeffrey T. Workman | Nov 5, 2019 | business law
LLC members have the right to elect that their company be taxed as an S corporation, rather than as a partnership (if there are multiple members) or a “disregarded entity” (if there is only one member). If such an election is made, the LLC will continue to be...
On Behalf of Connors Morgan, PLLC | Oct 29, 2019 | business law
Business owners encounter many hardships, from seasonal challenges to various issues involving staff members. However, business disputes and lawsuits can be particularly complicated, and many business owners encounter problems when a breach of contract claim surfaces....
On Behalf of Connors Morgan, PLLC | Sep 18, 2019 | business law
North Carolina business owners like you may want to eventually retire or pass your business on to the next in line. Rather than waiting until the last possible minute, we at Connors Morgan, PLLC, suggest starting your business succession planning well in advance. A...
On Behalf of Connors Morgan, PLLC | Sep 16, 2019 | business law
There are a lot of rules about what you can and cannot do with your business in North Carolina. While many rules make sense for safety and health, others may seem like overkill. For instance, say you want to open a pub that is dog friendly. Is that even legal? There...
by Jeffrey T. Workman | Aug 26, 2019 | business law
Most business owners are aware of the election that has to be made to be taxed as an S corporation with the filing of Form 2553 with the Internal Revenue Service. Many business owners may not be aware of other elections that are available to existing S corporations...
