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April 2019 Archives

Steps to determine if a driver is impaired by marijuana

As attitudes toward marijuana change, more drivers in North Carolina and throughout the country may share the road with those who are impaired by the drug. However, there is no reliable test that can be used to determine if an individual is too impaired to drive. Another problem with marijuana testing is that it may detect traces of the substance in a person long after it has been used. Therefore, someone who tests positive for marijuana may not actually be under its influence.

The advantages of selling a business to employees

There are several reasons a North Carolina business owner might want to transfer ownership of his or her business to the employees instead of selling to another buyer. Chief among these are tax breaks. By selling to employees, the business owner can defer capital gains tax as long as the proceeds are invested in stocks and bonds. This often results in a larger after-tax gain than selling to another buyer at a higher price.

Boeing facing wrongful death lawsuits over 737 MAX crashes

North Carolina residents may be aware that two deadly crashes have raised concerns about the safety of Boeing's new 737 MAX airliner. The most recent accident occurred on March 10 when Ethiopian Airlines flight 302 crashed just six minutes after taking off. All of the plane's 157 occupants perished in the accident. The tragedy came only five months after a 737 MAX crashed into the Java Sea 12 minutes after taking to the air. That accident claimed the lives of all 189 people on board.

Issues to consider when selling a business

It is important to time the sale of a North Carolina business properly. This can allow its owners to sell the company for the most money as well as to the right buyer. There are a series of questions that should be asked before beginning the process of exiting a company. The first question is whether the owner is ready to sell.

How to react in a motorcycle emergency

While riding a motorcycle can be fun, it is also dangerous. Motorcycle riders in North Carolina and elsewhere need to be sure that they understand how to identify dangerous situations and mitigate them. For instance, when a person on a motorcycle is being passed by a car, he or she will need to be aware of debris being tossed out of the window. It is also important to look out for car doors or other objects that could graze a rider.

How to exit a business without selling it

Selling a business can be a great way to make a large sum of money quickly. However, it can be difficult to sell a company in North Carolina or any other state if it costs more than $500,000. This is because many believe that it would be easier to start their own company for that amount of money. Furthermore, it is rare that an entrepreneur has $500,000 or more in spare cash.

2019 International Roadcheck to focus on steering, suspension

Commercial truck drivers may be stopped at random for an inspection in North Carolina between June 4 and 6. These three days will encompass the 2019 International Roadcheck, an inspection spree held once a year by the Commercial Vehicle Safety Alliance. Inspectors will mostly conduct Level I inspections, which are the most comprehensive and cover both vehicle and operator compliance.

The challenges of buying a business

When individuals in North Carolina or any other state buy a business, it is important to have a plan to ensure that the transaction occurs smoothly. However, it is possible for a plan to go awry because of unforeseen circumstances. For instance, the previous owner who was supposed to act as a mentor could pass away unexpectedly. Unforeseen events may force a new owner to reevaluate his or her business plan and adjust it quickly.

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April 2019 Archives | Blog