by Bob Jessup | Aug 15, 2013 | Blog
Under both North Carolina law and the relevant federal tax rules, you can generally use borrowed money only to pay for “capital costs” of a project. What’s a capital cost? The primary rule I quote to clients, which comes out of the tax regulations, is that a cost is a...
by Bob Jessup | Aug 15, 2013 | Blog
When you get ready for a loan closing, there will be documents to sign – maybe a loan agreement and a deed of trust, maybe some bond forms, and a variety of certificates about certain facts. Someone has to sign these items. Who should it be? That generally depends on...
