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August 2019 Archives

Common issues brought up when selling a company

Selling a company in North Carolina or anywhere else can be a time-consuming process. While there is no telling what types of issues could arise in a specific sale, you can expect some points to be discussed in almost all transactions. For instance, there will likely be an emphasis placed on the sale price of the company and how the deal will be structured. In some cases, the buyer may need to pay the seller in installments as opposed to a lump sum.

How strong safety culture, use of new tech benefits truck fleets

Truck fleet owners in North Carolina may be wondering how they can improve safety among their drivers. The answer seems to lie in the use of advanced vehicle safety technology and the development of a safety-minded culture. This is according to a study that the Virginia Tech Transportation Institute conducted together with Travelers, a property-casualty insurer.

Planning to sell a startup successfully

When some people in North Carolina start a business, they want to continue it for generations to come. However, others take a different approach; for many, selling a startup company successfully to a larger firm can be a major path to financial success, security and the development of further businesses. Indeed, selling a startup can clearly affirm that an entrepreneur has made smart decisions in planning and developing a company. There are some tips to keep in mind when considering buying or selling a business that can help people to protect themselves and get a great deal.

Lawsuit filed over Legionnaire's disease outbreak

North Carolina residents may have read media reports about a recent outbreak of Legionnaire's disease at an Atlanta hotel. The Georgia Department of Public Health has reported that one person has died as a result of the outbreak and a further 63 probable cases have been identified. A 67-year-old man who says that he contracted the disease while photographing a conference between June 27 and July 1 has filed a lawsuit against the Sheraton Atlanta Hotel. His attorney says that his client became sick because the hotel failed to adequately monitor and maintain its freshwater system.

Things to consider when buying an existing business

North Carolina residents who would like to work for themselves can either launch a new commercial venture, buy a franchise or purchase an existing business. All of these options have their drawbacks. Starting a business from scratch is the riskiest approach and obtaining startup financing can be difficult. Buying a franchise is less risky, but quality franchises are usually expensive and franchise operators do not have the same freedom as entrepreneurs who are not bound to a corporate master. Purchasing an existing business may seem like the safest choice, but even this approach is not without risk.

U.S. House considers automatic emergency braking bill for trucks

On July 17, two members of the U.S. House of Representatives introduced a bill that would make automatic emergency braking systems standard on all new commercial large trucks sold in the US. The purpose of the legislation is to reduce injuries and deaths from truck accidents in North Carolina and across the country.

Fatal crash involving Tesla Model 3 leads to wrongful death suit

North Carolina drivers who are interested in semi-autonomous cars should know that these vehicles are still far from entirely safe. There have been several fatal car crashes involving Tesla's semi-autonomous cars, and the latest has led to a wrongful death lawsuit. This lawsuit was announced on Aug. 1 and will be filed in Palm Beach County, Florida.

Benefits of truck safety tech can clearly offset the cost

The American Transportation Research Institute has an article on the six most important research topics for 2019, and one of them is has to do with the benefits of new truck safety technology. In particular, ATRI wants to revise the way it determines the technology's return on investment. Many fleet owners in North Carolina avoid safety devices because of their steep price, and a better cost-benefit analysis may help such people warm up to them.

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August 2019 Archives | Blog