Posts by Cooper Legal Firm PC
Beneficial Owner Information Reporting
This is just a friendly reminder from the Cooper Legal Firm, PC that under the Corporate Transparency Act, LLCs, corporations, and other entities must report information about their beneficial owners (those who have substantial control over the company or own/control more than 25% ownership interest in the company). Entities registered with the Secretary of State…
Read MoreInherited Real Property
WHAT HAPPENS TO REAL PROPERTY WHEN SOMEONE DIES WITHOUT A WILL? When a person passes away without a will, their property passes according to intestacy laws. In most cases, a person’s spouse and children inherit from them. A surviving spouse’s share depends on the number of children the decedent (the person who died) had and…
Read MoreIndemnification and Releasing Claims in Settlement, Considerations Before Signing
Every transaction or service between business parties needs a contract. They outline the expectations and legal protections that are included in an agreement, and help parties understand how to perform to reach their goals. What happens when one party does not perform as expected or exposes another party to liability through its actions? If a…
Read MoreWhat to Expect When You’re…. Buying Real Property
Real estate closings can be a difficult thing to navigate, especially for a first time Buyer. But don’t be intimidated! We are here to walk you through the process. Once you are under contract to purchase your new property, as the Buyer, you get to choose the Escrow Agent/Closing Attorney who will handle your closing.…
Read MoreReal estate closings
Real estate closings can be a confusing and overwhelming process, especially for those who are going through it for the first time. Unfortunately, there are many misconceptions surrounding real estate closings in North Carolina that can make the process even more difficult to navigate. In this article, we will highlight the five largest misconceptions about…
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