Learn the benefits and power of what an LLC can do for you and your business here in this Article.
Written by: Adam Breeding, Lake Norman Law Firm
A limited liability company ( LLC ) offers protection from personal liability for business debts, just like a corporation. However, unlike a corporation, which must pay its own taxes, an LLC is a pass-through tax entity: The profits and losses of the business pass through to its owners, who report them on their personal ...
Asset Protection and Corporate Formation
The following article by asset protection guru – Robert J. Mintz from California – is very instructive to Lake Norman Law Firm clients, both those that are operating as an LLC, and those looking to utilize an LLC or other corporate form as an estate protection tool. We spend time with every client to ensure that they understand what Attorney Mintz is discussing – LLCs with all their might and utility are still prone to a crafty ...
There is a lot to know about family law and divorce. Here are a few highlights on the topics to get you started.
Absolute Divorce in North Carolina
In North Carolina, if you have been a resident of the state for six months and physically separated from your spouse for more than one year (366 days or more), you are eligible to obtain an absolute divorce. A separation agreement or distribution of property is not required prior to obtaining the divorce, and such a ...
One of the most common things that people neglect to do is secure a will. This article will address why you need a will and other frequently asked questions about Estate Planning.
Why do I need a Will?
A Will indicates to whom your property will pass upon your death, and how the property will be distributed. Most people have an idea as to who they would like to distribute property to upon their deaths, and a Will is the instrument that allows ...