LET THE OPERATING AGREEMENT CONTROL

The amended North Carolina Limited Liability Company Act (“Act”), effective January 1, 2014 places the manner in which an LLC is operated squarely upon the terms of the operating agreement. The amended Act contains an entire section dedicated to the operating agreement. Under the amended Act, the operating agreement governs the internal affairs of the LLC and the right, duties and obligations of … [Read more]

BOB CHERRY NEGOTIATES $1,000,000 WRONGFUL DEATH SETTLEMENT

A wrongful death action arises when the death of a person is caused by a wrongful act or negligence of another. The N.C. Wrongful Death Act gives the estate of the deceased through its representatives, to bring an action to recover against the party at fault for the damages caused by the act. In this case, Bob Cherry represented the estate of the deceased who was killed when he was run over by … [Read more]