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April 2018 Archives

Valuation of intellectual property important in a business' sale

Selling a business is a complex undertaking. The person who is selling the business has to try to make a little money, and the individual who is purchasing it likely wants to get a good deal. One thing that can make selling a business more complicated is when there is intellectual property involved.

Family of Prince sues for wrongful death

Music fans in North Carolina were stunned by the news that musician Prince suddenly passed away in April 2016 at the age of 57 of an opioid overdose. Two years after his death, his next of kin have filed a wrongful death lawsuit. The trustee for Prince's next of kin filed the three-count suit against those who the family claims contributed to Prince's death. The lawsuit lists Trinity Health Systems, an employee at Trinity Medical Center, several employees at Walgreens and the Walgreens corporation as defendants.

What you need when buying or selling a company

For many North Carolina entrepreneurs, buying a business or selling an existing business can be a major undertaking. This kind of business transaction can mean becoming responsible for an ongoing venture or moving forward from a business you have built from the ground up. Learning about the ongoing financial implications of the purchase or sale of a business can be significant, from understanding the tax requirements to ensuring that the deal itself is one that best protects your interests.

No sprinkler system in Trump Tower where fire fatality occurred

People in North Carolina might have heard about a fire on April 7 at Trump Tower in New York that resulted in the death of one man. It was the second fire in 2018 at the building. In January, a fire in the heating system led to minor injuries to three people.

Choosing the right buyer for a company

Business owners in North Carolina may eventually decide that the time is right to sell their companies and move on to something new. However, finding a buyer can be a complicated process. To make this process easier, those who are looking to sell their companies should consider what they want to get out of the transaction. For example, it will be important to think about whether an owner wants to remain part of the company after the sale or transition away from it.

What to know before buying a business

Many North Carolina entrepreneurs could benefit more from buying an established company compared to starting one themselves. However, it is still important to research the type of company that one would potentially thrive in. Furthermore, investors need to know why they are putting their money into an acquisition and what makes it stand out above the rest.

Tony Stewart settles wrongful death lawsuit with Ward's family

North Carolina Nascar fans might be interested in learning that Tony Stewart has reportedly reached a settlement with the family of Kevin Ward in the wrongful death lawsuit that was filed against him. The lawsuit was filed because of an August 2014 dirt-track race accident in which Ward was killed.

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April 2018 Archives | Blog