Luft Tumlin PLLC

Business Law

Standard Contract Language

I review a lot of contracts. Often, clients will send me a contract and say that the contract is standard and so shouldn’t have any issues. Here are a few key points to consider:1. Variability in Terms and Conditions: Contracts often contain terms and conditions that are tailored to specific transactions, parties, or industries. What […]

Standard Contract Language Read More »

SBA 7(a) Loans

I read this article last month (https://www.bizjournals.com/triad/news/2021/09/22/sba-loans-ppp-7a-lender-expire-enhancements.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=gr&ana=e_gr_me&j=25120996&senddate=2021-09-23) about SBA 7(a) loans, and thought that this post would be helpful to some of my clients and colleagues…. An SBA 7(a) loan is a form of financing overseen by the Small Business Administration (SBA). The funding doesn’t issue directly from the SBA itself. Rather, the SBA assists

SBA 7(a) Loans Read More »

Can Employers Mandate COVID-19 Vaccinations for Their Employees?

As new variants of the COVID-19 virus are appearing and vaccines have become more readily available, employers are challenged with creating safe and feasible return-to-work strategies for their workforces. This is leading many employers to as us whether they can encourage or require their employees to get COVID-19 vaccinations.  Employers Are Allowed to Mandate COVID-19

Can Employers Mandate COVID-19 Vaccinations for Their Employees? Read More »

Employee or Independent Contractor?

I am often asked about the difference between an “employee” and an “independent contractor”. The Internal Revenue Service (IRS) and the United States Department of Labor (DOL) set guidelines for determining the difference between an employee and an independent contractor. In certain situations, the employer could face penalties for an incorrect classification. In general, an

Employee or Independent Contractor? Read More »

What is Intellectual Property?

It is important for business owners to protect their intellectual property. Intellectual property (IP) refers to the intangible, often creative, parts of your business, such as symbols, business logos, designs, inventions, and written works. IP law provides legal protection for your business’s intangible creations by stopping competitors from stealing your ideas and enabling your business

What is Intellectual Property? Read More »

Annual Filings Are Coming Due!

Do you have a business entity in North Carolina? Annual Reports are due on or before the due date for filing your business’s income and franchise tax returns. (An extension of time to file a return is an extension of time to file an annual report.) In most cases, your accountant or CPA is already

Annual Filings Are Coming Due! Read More »