Never pay unnecessary taxes. That was Culp Elliott & Carpenter’s philosophy when it helped a client withdraw assets from two entities – a large family limited- liability company and a Read More...
Monthly Archives: November 2016
A business succession plan is essentially an exit strategy for a business owner. A succession plan helps facilitate the orderly transfer of a business from the current owners to Read More...
On April 23, 2015, North Carolina's state fiduciary income tax was held to be unconstitutional as imposed upon the income earned and accumulated by an out-of-state trust in the case of The Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Dept. of Revenue. Read More...
Estate planning practitioners have encountered ever-increasing changes to traditionally understood trust law. For example, modern legislation has altered state trust codes to repeal the rule Read More...
In the late 1990s, a long-time client of the firm died. The client owned 100% of a successful professional services business as well as numerous real-estate investments. The family chose Read More...
Culp Elliott & Carpenter represented Phantom Industries, Inc., a Canadian textile manufacturer, in the successful negotiating, structuring and drafting of Phantom’s agreement to purchase the operating assets of North Carolina-based Read More...
A Culp Elliott & Carpenter real-estate investment client hoped to sell residential apartment complexes as a tax-free exchange. The family had owned the apartment complexes for more than 20 years. Read More...
While your middle-market business may be thriving, you must act to preserve and protect your accomplishments with an eye on the horizon. Read More...