As I discussed in my last blog post (http://www.palermolaw.com/discharge-for-misconduct-under-nc-unemployment-laws/) the threshold decision I had to make as an administrative law judge ruling on unemployment claim appeals was often whether an employee quit the employment, or was discharged by the management (we don’t say “terminated” because […]
As a judge hearing unemployment appeals for the past year or so, I can say that the vast majority of the cases are determined based on the “quit” or “discharge” definitions in the N.C. unemployment act. A very important distinction to keep in mind, which […]
With the virus crisis just starting, business owners need to think about whether it’s time to file bankruptcy or dissolve their business for the duration
Investing in a business can be either a purchase of ownership, also known as equity; or a loan to the business. Know which one you’re making before you turn over your money, so that you know what risks of loss of capital you’re facing and know what to expect in return.
At some point your business may have to incur corporate debt in order to fund operations like payroll or purchase of raw materials; expansion; or a partner buyout. Here I discuss corporate debt, collateral, and security interests.
Business succession planning. You’ve planned to start your business, you’ve planned to grow it to a success. Have you planned on how you’re going to leave it?
Franchise: Is this the best option to expand your business? Or are there other ways to grow and become profitable?
Corporation or LLC: it’s a question I get all the time. The answer is not so simple as going down a checklist though. You need to consider many factors. Who will be making decisions. How profits will be split. What your personal tax situation is. […]
Money! Okay got your attention. The topic is how do you get money – profits – out of your business. It’s not as simple as sticking your hand in the register, or writing yourself a check, especially when there are multiple owners involved. There’s a […]
Does your business have a plan to continue operating if a key owner unexpectedly leaves? Don’t leave succession to chance. It’s not just for majority owners, but minority owners are served by having a plan in place.