Posts by Cooper Legal Firm PC
Buying a New Home or Property – Title Insurance
Clean Title vs. Insurable Title vs. Marketable Title A seller’s obligation under a standard North Carolina Offer to Purchase and Contract is to provide “marketable and insurable title” to the property. Some buyers and sellers will refer to it generally as “clean title” or “clear title.” But what do all of these terms mean? Clean/Clear…
Read MoreSunsetting Your LLC
Photo by Sebastian Voortman: https://www.pexels.com/photo/body-of-water-during-golden-hour-189349/ Sometimes in life we “pretend” to know what we are doing; small business or start-ups tend to have a lot of “fake it till you make it” including things like going on a legal website like legalzoom.com or rocketlawyer.com and starting an LLC. Maybe people told you that there…
Read MoreOctober 24, 2024
Photo Designed by www.freepik.com DOCTOR, DOCTOR…. GIVE ME THE NEWS! Let’s talk health insurance, separation, and divorce. For many people, one of the concerns about getting legally divorced is that they will lose their health insurance. In the state of North Carolina, you have sixty (60) days after your divorce is entered to notify…
Read MorePartitions
Watch our Video on Partition Sales below to find out more about how partitions work in North Carolina: https://www.facebook.com/reel/376574731991251
Read MoreBeneficial 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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