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February 2018 Archives

FMCSA asked to consider rule change

The Owner-Operator Independent Drivers Association has asked that changes be made to current hours of service regulations. It wants to do away with a 30-minute rest break as well to allow drivers to pause their 14-hour service clock. The association believes that the rules as currently written lack flexibility and don't take into account individual driver abilities or limitations. As of now, drivers in North Carolina and elsewhere must stop for 30 minutes within the first eight hours of their shift.

Selling a business may be harder than it looks

Experts say that it's wise for business owners in North Carolina to have an exit plan for selling. According to the UBS Q1 Investor Watch Report, however, 48 percent of business owners lack such a plan. The survey included 1,085 individuals who had owned a business or were the current owners of companies with at least one employee and $250,000 in annual revenue.

Troy Gentry's death now the subject of a lawsuit

In September 2017, Montgomery Gentry member Troy Gentry was killed in a helicopter crash while being conducted on a sightseeing tour in Medford, New Jersey. On Feb. 14, 2018, Angie Gentry, the widow, filed a wrongful death suit to the Philadelphia Court of Common Pleas, implicating three helicopter companies in the crash. The details of the lawsuit are something that North Carolina residents should know about, especially those who lose a loved one in an aviation accident.

How to sell a company to the employees

While rare, it's possible for a North Carolina business owner to sell their company to an employee. The primary advantage to selling to employees is that they already understand how the company works. Therefore, it can minimize any disruption that a sale may bring. However, workers generally don't have the money to make the purchase.

Pharmacy and doctor face wrongful death suit

North Carolina fans of the band 3 Doors Down might be aware that in November, a doctor faced indictment in the death of the band's guitarist, Matt Roberts. In 2016, Roberts died of a drug overdose. The doctor had allegedly prescribed controlled substances in several different names with the knowledge that they would all be used by Roberts.

Bill Paxton's family sues surgeon and hospital for wrongful death

Movie fans in North Carolina were saddened when Bill Paxton passed away in February 2017. The 61-year-old star of movies including "Twister," "Apollo 13" and "True Lies" died just 11 days after undergoing surgery to repair an aortic aneurysm and replace his bicuspid aortic valve in Los Angeles. His family claims that the surgeon who worked on the actor and the Beverly Grove medical facility where the surgery was performed are responsible for his death.

How to time the sale of a startup

It is not uncommon for a North Carolina business owner to want to exit the company. In some cases, this means selling to another company. However, it is important to time the sale to get as money as possible from the buyer. One way to know that it is time to sell is that the company has grown significantly in a short period of time.

Lawyers pursue O.J. Simpson to collect on wrongful death judgment

Many people in North Carolina likely remember the criminal trial of O.J. Simpson during the 1990s in which he was found not guilty of murdering his wife, Nicole Simpson, and her friend, Ronald Goldman. They might also be aware that Ron Goldman's family won a civil wrongful death lawsuit against Simpson in which they were awarded $33.5 million.

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February 2018 Archives | Blog