Starting a New Business: LLCs vs Corporations

The first question most people must decide when starting a new business is what type of entity they should form to operate the business. There are several different entity choices under state law, but by far the most common choices are limited liability companies (“LLCs”) and corporations. In this post we will attempt to highlight some of the key differences between the two with the hope of helping you make an informed decision in starting your new business.

How Much Car is “Too Much Car” in a Bankruptcy Case?

By Ben Lovell “Pigs get fat…Hogs get slaughtered” -Unknown (but probably a bankruptcy attorney) Bankruptcy cases are full of various trade-offs.  A debtor receives significant help getting out of his or her debt, but in return, must disclose all financial information, usually including projected income and expenses, current debts and assets, and any transfers recently made.  Creditors may end up …

James Narron, Kemp Mosley, and Benton Sawrey named Super Lawyers

James Narron, Kemp Mosley, and Benton Sawrey have all been recognized in the 2023 North Carolina Super Lawyers publication. Super Lawyers is a national rating service, selecting the top 5% of attorneys that have attained a high degree of peer recognition and professional achievement.   For the 17th year, James Narron was selected to Super Lawyers, for his practice in the fields of estate planning, probate law, and taxation. …

Narron Wenzel, P.A. Featured in Attorney at Law Magazine

Welcome2NowLaw! was the password to get online at the law offices of Narron Wenzel P.A. “We like to say business and community intersect at our offices,” said James “Jimmy” Narron who started the firm in 1975 in Smithfield when Johnston County was mostly farmland producing tobacco, corn, and soybeans. “I was the token small-town lawyer, so I hope my insight has meant something to those folks.”

James Narron & Kemp Mosley Selected to Business North Carolina’s 2023 Legal Elite

James Narron and Kemp Mosley have been selected to Business North Carolina’s 2023 Legal Elite List, which honors lawyers chosen by their peers. Since 2002, Business North Carolina magazine has sent ballots to every member of the State Bar residing in North Carolina, and the top nominees are honored as “Legal Elite.” Approximately 3% of North Carolina lawyers were selected to the …

The Last Paycheck: Avoiding the Pitfalls

By Wm. Joseph Austin, Jr. The great Western novelist Louis L’Amour penned this line, “There will come a time when you believe everything is finished. That will be the beginning,” which in any other context would resonate with hope and anticipation. All too often, however, the last paycheck issued to a terminated employee is the beginning of conflict and controversy. …

The Indispensable Employee Handbook

By Wm. Joseph Austin, Jr. The employee handbook is an essential part of both employee relations and risk management. This paper will address how important it can be to these vitally important employer interests.   No law book on the shelf requires employers to have an employee handbook as such, yet federal and state laws do require the employer to …

The “Right to Work” in an “At-Will State”

By Wm. Joseph Austin, Jr. North Carolina is both an at-will state and a Right to Work state. The two phrases are sometimes conflated and confused. Each refers to a distinct and separate legal doctrine. There is one point of intersection nevertheless that will be discussed in this paper. The at-will rule is a common law doctrine that has been …