Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Lewis, David O
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The small business corporation is often faced with the problem of raising new capital for the expansion of business operations. This article provides the operators of small North Carolina corporations with information concerning securities regulation relating to the issuance of new securities.
One of the reasons why many business firms incorporate is the limited liability feature of the corporate firm, but the shareholder’s liability for corporate obligations is limited to capital contributions. This article examines situations in which a corporation’s creditors and other claimants may have recourse against the personal assets of shareholders, and discusses legal procedures under the North Carolina Business Corporation Act.