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May 2019 Archives

Federal regulations may cause drivers to speed

In 2017, 4,761 people died in crashes involving large trucks on North Carolina roadways and others throughout the country. That was a 9% increase in large truck fatalities in a year when traffic fatalities overall dropped by 2%. The increase in crashes may be caused by drivers who are trying to get to their destination before they are forced to stop work. According to federal regulations, drivers are required to take a break after eight hours behind the wheel.

Why trucking businesses sometimes don't sell

Thanks to the thriving merger-and-acquisition environment, trucking owners in North Carolina may receive inquiries from prospective buyers even if they're not actually considering selling. For times when the owner of a trucking business does want to sell, it's important not to scare off interested parties.

Chris Soules settles wrongful death suit for $2.5 million

North Carolina reality TV fans may be interested to learn that former "The Bachelor" star Chris Soules has settled a wrongful death suit with the family of a man he struck and killed with his pickup truck in 2017. He has agreed to pay the victim's relatives $2.5 million.

NDA an essential part of selling a business

Confidentiality is among the most important commodities when it comes to selling a North Carolina business. According to some analysts, businesses that are not known as for sale are worth more than those that are. Confidentiality is also important in another sense. Business owners and entrepreneurs who are selling businesses should never disclose confidential information without having a signed non-disclosure agreement in hand. Prospective buyers should not have access to client or financial information unless they've signed an NDA.

How to go about buying a business

Each year, roughly 500,000 companies in North Carolina and throughout the country obtain new owners. Buying an existing company may be better than starting a new one for a number of reasons. For example, the brand is already known and has a track record of success. While the cost of buying a company could be higher than starting one, it may take less time and effort to recoup that initial investment.

Truck crash deaths at their highest in 29 years, says NHTSA

From 2016 to 2017, the number of car crash deaths in North Carolina and across the US went down 2% with 2017 seeing a total of 37,133 deaths. The National Highway Traffic Safety Administration has made preliminary estimates that show how the decline is continuing through 2019. On the other hand, truck crash fatalities have gone up dramatically.

Buying a business may be better than starting one

Those who are thinking about being a business owner in North Carolina may choose to start a company from scratch. In some cases, it may be best to buy a company that already has a track record of success. Buying a company that is already profitable means the new owner will be able to see a return on investment in less time. Furthermore, important infrastructure is already in place such as key employees and a known product or service.

As truck crash numbers rise, some companies turn to safety tech

Truckers in North Carolina may already know that there are more and more crashes involving cars and trucks than in previous years. Florida, for example, has seen a jump from 23,515 such accidents in 2014 to 32,513 in 2018. The Florida DoT has said that speeding is the leading driver-related factor in these crashes.

Truck accidents can occur even on bypasses

Tired or inattentive truck drivers can cause hazards on roads throughout North Carolina and the rest of the country. This may be true even on highways that are designed to keep truckers off main roads as much as possible. In North Dakota, the Highway 23 bypass was constructed to reduce commercial truck traffic on the main street in New Town. It was touted as a way to increase roadway safety when it was completed in 2014 at a cost of $25 million.

What is the Fair Debt Collection Practices Act?

This federal law applies to debt collection agents, attorneys or companies pursuing payment of debts on behalf of the third parties that issued the original loans. The FDCPA grants rights to consumers in North Carolina that protect them from harassment, false statements and unfair practices. Most forms of personal and household debts fall under the purview of this law. Examples include medical bills, credit card accounts and auto loans.

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May 2019 Archives | Blog