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March 2019 Archives

Performing due diligence when buying a company

Entrepreneurs in North Carolina who are looking to become business owners may consider buying an existing company. However, prior to doing so, it is important to complete due diligence and ensure that the purchase will be worthwhile. The first step in that process is for an individual to consider why he or she is interested in being a business owner. Ultimately, that person is responsible for overseeing every task related to operating a company.

As fatal truck crashes rise, NHTSA criticized for inaction

Fatal large truck crashes are increasing in North Carolina and the rest of the U.S. In 2017, 4,102 people died in large truck crashes, which is up 28 percent from 2009. The majority of these victims are car occupants, and many of the crashes are rear-end accidents. Truck safety groups say that if all heavy trucks were required to have forward crash warning and mitigation systems, thousands of these accidents could be prevented.

Stop Underrides Act introduced in House and Senate

Every year, at least 300 people die in underride crashes. North Carolina residents should know that these crashes occur when a motor vehicle collides with a large truck and slides under it. In such crashes, the vehicle's safety features are rendered useless. These crashes usually end in head or neck injuries or, in some cases, decapitation.

Mistakes to avoid when selling a company

Some North Carolina business owners may think that conditions are right to sell their companies. While this may be true, avoiding mistakes is crucial to helping a business sell for at or above its current market value. One key mistake to avoid is failing to establish a chain of command for after the sale is completed. In other words, buyers want to see that the company will still be properly run after the founder exits.

Lawmakers urged to end 12-year regulation delay

Two studies have found that automatic emergency braking systems could prevent more than 2,500 tractor-trailer accidents in the U.S. each year, but a proposed Federal Motor Carrier Safety Administration regulation that would mandate their use has been mired in Congress for 12 years. Lawmakers have also failed to implement a rule that would require commercial vehicle operators to use the speed limiting devices that are fitted to virtually all large trucks in North Carolina and across the country.

Important considerations for business sellers

For entrepreneurs in North Carolina, the decision to sell a business can be just as important as the decision was to start one in the first place. It's a process that can take anywhere from months to years depending on the complexity of the transaction. This is why sellers are often advised to be as informed and prepared as possible.

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March 2019 Archives | Blog