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January 2020 Archives

Roadcheck inspections set to increase

Every year in North Carolina and around the country, the Commercial Vehicle Safety Alliance conducts an International Road check inspection. Typically occurring over a 72-hour period, law enforcement will increase checks with a greater focus on certain driver requirements. These checks will include reviews of electronic logging devices, seat belt use, commercial driver's license endorsements, medical cards and records of duty status.

Strategies to avoid mistakes with business transactions

For many North Carolina residents, there is a sense of self-satisfaction and achievement that can be achieved by purchasing a business. However, despite the pride in entrepreneurship, there are common mistakes people make when purchasing an existing business. Preventing them could be fundamental to success.

Three rules to consider when looking for big brand customers

Adding a big brand or corporate customer to a business owner's list of clients definitely has its benefits. Big companies spend on products and services even when the market faces uncertainty, and this can keep a smaller business afloat or even help them thrive while their competition struggles. It also gives a business credibility. Entrepreneurs in North Carolina may be interested in learning three rules on how to sell a business to a big brand.

Wrongful death suit filed in wake of fatal dive boat fire

North Carolina residents may remember hearing about the fire that erupted on a dive boat off the coast of Santa Barbara, California, in September 2019. It claimed 34 lives and has given rise to three lawsuits. In the third lawsuit, the boat's owners and the captain stand accused not only of being negligent but also of callously trying to limit their liability for the fire.

FMCSA plans new large-truck crash causation study

The last time the Federal Motor Carrier Safety Administration conducted a formal large-truck crash causation study was in the early 2000s. The report of that study was sent to Congress in 2006. Now, the FMCSA has plans to conduct another study. In a formal proposal made January 2020, the agency said it is gathering data on how the use of phones and on-board electronic systems has factored into truck crashes in North Carolina and across the U.S.

What to include in a business sale contract

After a business owner in North Carolina agrees to sell his or her company to another person or entity, the terms of the deal will be put into writing. The contract will need to include the name of the person who is selling the business and the name of the person buying it. It will also need to include the name of the business that is being acquired. Furthermore, it will need to specify the assets that the buyer is acquiring in the deal.

How to limit liability after a commercial truck crash

An expanding economy has created an increased need for commercial truck drivers in North Carolina and throughout the country. These drivers are often required to spend long hours on the road to meet their employer's needs. According to data from the Federal Motor Carrier Safety Administration, there was an increase in most types of large truck and bus accidents between 2016 and 2017. This data indicated that there was a 10% increase in the number of accidents that resulted in fatalities.

How to time the sale of a business

Ideally, business owners in North Carolina and throughout the country will get maximum value for their companies. However, to get top dollar for their organizations, owners will need to time the sale properly. Depending on how long a person has owned a company, it may be possible to look at its prior performance to find useful patterns or cycles. Determining such a pattern may make it easier to put the company on the market when it should be most desirable to buyers.

Avoiding motorcycle accident risks

As more and more people in North Carolina and across the U.S. choose motorcycles as their primary means of transportation, the number of motorcycle crashes will go up. There are a number of dangers that riders must be aware of, especially those involving weather, road and traffic conditions. Reduced visibility at night is another danger, contributing to as much as 60% of all motorcycle crashes.

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January 2020 Archives | Blog