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]
RISE OF THE LIEN AGENT
NC lien laws changed in 2013. All North Carolina general contractors should be aware of the changes. The lien law requires that you Post the Notice of Contract in the permit box on the job site. In addition, you will need to file the Notice of Contract with the clerk of court in the county where the property is located. If you are served with a signed notice of subcontract, you must serve on … [Read more]
