Reduced formalities, simpler reporting requirements, ease in changing ownership, and pass through taxation are all advantages of organizing as an LLC, however, if you are not operating the LLC properly, your protections could be at risk.
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Almost every plaintiff will ask this question. It seems like a fair one. If I have to resort to the courts to enforce a contract, shouldn't the offending party have to pay for it? Of course, the standard lawyer answer is "it depends". Historically in North Carolina, attorney's fees were not awarded outside of a few narrowly defined types of cases.
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