Skip to content
MS-Logo-UP
Client Reviews

1.800.481.2180

  • Contact Us
  • Home
  • Blog
  • What We Do
    • Business Compliance Services
    • Business & Contracts
      • Choosing a Business Lawyer for NC Corporations and Other Small Business
      • The Number One Problem for Small Limited Liability Companies
      • How To Dissolve a Corporation in North Carolina?
      • 5 Considerations as to Your Business’ Negative Internet Review
      • (Part 2) 5 Considerations as to Your Business’ Negative Internet Review
      • (Part 3) 5 Considerations as to Your Business’ Negative Internet Review
      • (Part 4) 5 Considerations as to Your Business’ Negative Internet Review
      • (Part 5) 5 Considerations as to Your Business’ Negative Internet Review
      • Are Negative Reviews Really Bad for Business?
    • Limited Liability Company
      • Your New LLC – Part 1: The Basics
      • New LLC: Maintaining Limited Liability Protection
      • Your New LLC – Part 3: Federal, State and Local Registration, Licensing and Permitting
      • “Your New LLC” – Part 4: Transacting Business in Another State
      • “Your New LLC” – Part 5: Moving Your LLC to Another State
    • Mortgage & Foreclosure
      • Hearing Results
      • Mortgage Problems – Should You Trust Your Lender or Loan Servicer?
      • When to Hire an Attorney for Foreclosure and Mortgage Relief
      • Mortgage Loans: Recourse versus Non-Recourse and Foreclosure Related Deficiency Judgments
      • Negotiating with a Bank: Why do I have to Provide My Financials?
      • Can the HOA (Homeowners’ Association) Foreclose on my Home?
    • Real Estate Cases
      • Breach of NC Real Estate Purchase Contract – Buyer’s Damages in NorthCarolina
      • Private Mortgage Insurance (PMI) – What is the Borrower Really Paying for?
    • Real Estate Closings
    • Disputes & Lawsuits
      • Business Contracts: What Should Yours Say Regarding Recovering Attorneys’ Fees in Case of Dispute? (Part 1)
      • Business Contracts: What Should Yours Say Regarding Recovering Attorneys’ Fees in Case of Dispute? (Part 2)
      • Arbitration versus Mediation
      • Responding to a Lawsuit Complaint
    • Tax & IRS Matters
      • S-Corp Tax Election for LLC
      • Comparison of Subchapter K v. Subchapter S
      • Employment Tax Considerations in Starting a Business
      • Is your Worker an Independent Contractor? (The IRS Cares!)
    • Wills, Trusts & Estate Planning
      • Congrats, You’ve Inherited a Mess
      • When Should I Write a Will?
      • Top 5 Reasons to Change Your Will
    • Prenuptial Agreements
      • Recently Engaged? 5 Reasons Why You Should Consider A Prenup
    • Other Practice Areas
      • Indemnification in Contracts: What if Both Parties Are at Fault?
      • Indemnification in Contracts: Should You at Least Have to be Guilty as Charged?
      • Venue Clauses in Contracts – Beware Listing Only the County and State
    • Limited Scope Services
      • Arbitration Agreement: How to Get to Arbitration if A Lawsuit Was Filed First
      • Follow the Contract’s Arbitration Clause or File a Lawsuit?
      • Arbitration: setting the rules and identifying which arbitration organization will be used
      • Why does your Corporation or Company Need a Registered Agent?
  • Who We Are
    • Jason A. McGrath
    • James M. Spielberger
    • Kelly J. Brown
    • Todd E. Gonyer
    • Trent Grissom
  • Where We Practice
  • Client Services
    • Helpful Resources
    • FAQ
    • News & Updates
  • Consultations
    • About McGrath & Spielberger’s Intake Form

Category: legal assistance

Legal Opinion Letters Part 4: The Role Of The Attorney

Posted on September 3, 2025October 22, 2025 by g83js92js91
Categories: Business Law & Contracts, Continuing Series, legal assistance, Legal Opinion Letters, legal services
This article is part of a seven blog series by McGrath and Spielberger on Legal Opinion Letters. Here are links to the other posts in this series: Part 1, Part 2, Part 3, … Part 5, Part 6, Part 7.

Business hand shake. The business agreementWriting a legal opinion letter is a significant professional responsibility for an attorney. The lawyer must exercise a high degree of care and diligence to ensure their opinion is accurate and well-reasoned. This often involves extensive research, reviewing complex documents, and sometimes, seeking clarification from other parties.

The lawyer has a duty to provide an honest and objective assessment. This includes identifying situations for which the answer is not entirely clear. Sometimes, the attorney is attempting to “prove a negative”, which can be very challenging. For example, a business client may have asked for a legal opinion letter to address the issue of “Proof that this business activity is not outlawed by North Carolina law.”

The attorney must be careful to avoid expressing opinions on matters which are beyond their professional competence or that are not supported by a thorough factual and legal investigation.

Ultimately, the attorney has to do the best they can to come to and express conclusions in which they are confident – and that others can rely on.

Please contact our law firm, McGrath and Spielberger, if you’re interested in a legal opinion letter.

Posted in Business Law & Contracts, Continuing Series, legal assistance, Legal Opinion Letters, legal services

Legal Opinion Letters Part 3: Key Components Of A Legal Opinion Letter

Posted on August 27, 2025October 22, 2025 by g83js92js91
Categories: business law, business lawyer, Continuing Series, legal assistance, Legal Opinion Letters, legal services
This article is one installation in a seven part blog series by McGrath and Spielberger on Legal Opinion Letters. Here are links to the other posts in this series: Part 1, Part 2, … Part 4, Part 5, Part 6, Part 7.

bigstock 203502550

While the specific content of a legal opinion letter varies depending on the context, there are several common components. The letter should explain the purpose of the letter and the specific legal issue being addressed. It will outline the documents and facts the lawyer reviewed, such as corporate records, contracts, or government filings. The legal opinion letter will also summarize other research the attorney performed.

The legal opinion letter may or may not identify the client who hired the lawyer. If that information is included, it might read like this: “Acme Widgets, a North Carolina limited liability company (the ‘LLC’), is the company securing this Certified Legal Opinion Letter.”

The attorney will then state any assumptions they made and any limitations on the scope of their opinion. This is a critical section, as it defines the boundaries of the lawyer’s responsibility. The core of the letter is the legal analysis, where the attorney applies relevant laws and precedents to the facts.

A legal opinion letter should be thorough yet concise, detailed yet reader-friendly, and clear-cut but without attempting to oversimplify the issues.

The legal opinion letter ultimately states the lawyer’s conclusion (the attorney’s professional opinion) and at least a summary as to “why”. The clear structure and legal reasoning explanations contribute to making opinion letters a reliable source of legal information.

Please contact our law firm, McGrath and Spielberger, if you’re interested in a legal opinion letter.

Posted in business law, business lawyer, Continuing Series, legal assistance, Legal Opinion Letters, legal services

Legal Opinion Letters Part 2: The Value Of A Legal Opinion Letter

Posted on August 20, 2025October 22, 2025 by g83js92js91
Categories: business law, Continuing Series, corporation, legal assistance, Legal Opinion Letters

Why are legal opinion letters so valuable? In a business context, they serve as a form of risk management. For example, a lender might require a legal opinion letter from the borrower’s counsel to confirm that the borrower is a legally existing entity and that the loan agreement is enforceable. This provides the lender with confidence that their investment is secure.

Similarly, in a real estate transaction, a North Carolina limited liability company which is a would-be buyer might ask for a legal opinion on the title to ensure there are no outstanding liens or other claims. Beyond transactions, these letters can be useful in litigation to assess the strengths and weaknesses of a case, or to a corporation to ensure compliance with a particular regulation.

pexels img kampus 8353782 business man

There are other situations in which a South Carolina corporation, for example, wants internal confirmation that a certain activity is legally allowable, and thus obtains a legal opinion letter on the topic at hand. Another example would be a Tennessee LLC seeking to provide its business partners with a legal opinion letter in order to facilitate mutual business activities and opportunities.

By providing a clear, unbiased assessment of a legal situation, a legal opinion letter can help parties make informed decisions, avoid costly disputes, and ultimately, close deals with greater certainty.

Please contact our law firm, McGrath and Spielberger, if you’re interested in a legal opinion letter.

This is part two of a blog article series by McGrath and Spielberger on Legal Opinion Letters. Click here to go to “Part 1: What Is A Legal Opinion Letter?“. Next week, we will share “Part 3: Key Components Of A Legal Opinion Letter”.

Posted in business law, Continuing Series, corporation, legal assistance, Legal Opinion Letters

Legal Opinion Letters Part 1: What Is A Legal Opinion Letter?

Posted on August 13, 2025October 22, 2025 by g83js92js91
Categories: business attorney, business lawyer, Continuing Series, corporation, Definition, legal assistance, Legal Opinion Letters, state law

A legal opinion letter is a formal document drafted by a lawyer which expresses their professional judgment on a specific legal matter. It’s not a guarantee of a particular outcome, but rather a reasoned analysis based on the facts provided and the attorney’s understanding of the law. These letters are often requested related to corporate business transactions and real estate transactions.

Attorney reviewing legal letter bigstock 215135458

The purpose is to provide assurance to one or more parties that a specific legal requirement has been met or that a certain legal risk is manageable. The legal opinion letter typically includes a detailed summary of the facts, the legal issue being addressed, the applicable laws, and the lawyer’s conclusion.

The legal opinion letter may address the law of a specific jurisdiction. An example might be a South Carolina LLC which hopes to extend a certain business activity across the border to North Carolina. The company would then ask for a legal opinion letter which analyzes the legality (or legal limitations or conditions) of that same activity in North Carolina.

Legal opinion letters are a crucial tool for due diligence, helping to identify and mitigate potential legal pitfalls before a deal is finalized.

Please contact our law firm, McGrath and Spielberger, if you’re interested in a legal opinion letter.

This is part one of a blog article series by McGrath and Spielberger on Legal Opinion Letters. As the series continues, we will add the links to each new article here to make them easy to find. Next week, we will share Part 2 “The Value Of A Legal Opinion Letter”.

Posted in business attorney, business lawyer, Continuing Series, corporation, Definition, legal assistance, Legal Opinion Letters, state law

Business Ownership Deals (Part 6 of Series): How Many Different Attorneys Need To Be Involved?

Posted on May 22, 2024May 22, 2024 by g83js92js91
Categories: attorney, Business Law & Contracts, lawyers, legal assistance, limited liability company, llc

bigstock Group of Business Talking in a 428578823The “owners” of a Limited Liability Company are traditionally referred to by attorneys as the LLC’s “Members”. It’s important to realize that (with some variation from state to state) there can be “Members” but also what may be referred to as “Economic Interest Owners”, and those are not the same thing. However, for the rest of this article and related articles, we’re just going to use the terms “Member” and “Owner” as synonyms, and Owner is going to mean someone who has full rights in the Company (mainly meaning having voting and economic rights).

A very common question we get asked at our law firm of McGrath and Spielberger is “What do I need to do to add an owner to my company?” The answer to that exact question is similar to the related question of “How do we transfer the ownership interests of a Member who is leaving the LLC?”

The process and legal mechanics of changes to business ownership are largely discussed in the first 5 parts of this series. In this article, we’ll focus on questions such as the following.

  1.   Can (or should) an attorney represent both a buyer and a seller?
  2.   Can an attorney serve in a neutral role, essentially working on the transaction without representing a particular party?
  3.   Does each party involved in the deal need their own lawyer / law firm?
  4.   Can the same attorney / law firm represent the LLC and also give advice to individual members?

As is the case in most things “legal”, the devil is in the details, “it depends”, and “changing one fact about the situation may change the answers”. Having said that, here’s how it generally works, based largely on the professional regulations which apply to lawyers (which differ somewhat from state to state and which are typically called the “Rules of Professional Conduct”).

  1. Can (or should) an attorney represent both a buyer and a seller? NO. A single lawyer / law firm should not, and usually could not, represent the buyer and the seller.
  2. Can an attorney serve in a neutral role, essentially working on the transaction without representing a particular party? YES. In fact, this is an underutilized scenario. Realistically, this can be a bit tricky or even awkward, but in many instances this works just fine and can save everyone significant time and money.
  3. Does each party involved in the deal need their own lawyer / law firm? NO in the sense that nobody “has” to have an attorney at all (unless perhaps the Operating Agreement says otherwise). NO in the sense that a single attorney can usually represent parties who are aligned / have common interests. YES in the sense that an attorney should not, and typically could not, represent parties who have opposing interests (even if there is no “dispute”).
  4. Can the same attorney / law firm represent the LLC and also give advice to individual members? YES, NO, MAYBE? The answer to this one is similar to (C) above. Many non-lawyers (and even some lawyers) may not always clearly grasp that “representing someone” and “giving advice” are essentially the same thing. For example, this is not terribly uncommon:
    • LLC Member: “Hey Lawyer, I realize you don’t represent me, but can you just tell me if anything in this proposed Membership Interest Transfer Agreement is unfair to me?”
    • Lawyer: “I’m sorry, I can’t give you that advice (which would more or less make you my client, or at least blur that line), since I represent a different party in this situation, whose interests may not completely align with yours.”

    On the other hand, a lawyer typically would be allowed to represent (for example) the LLC itself and aligned owners, in particular owners who are not buying or selling. There are other combinations of parties who could be represented by the same lawyer in the same transaction / situation.

Another important aspect of this (not further explored here) is a “waiver of conflicts of interest”. In a high level sense, parties – to a certain extent – can waive some conflicts of interest or potential conflicts of interest. Doing so may allow a single attorney / single law firm to represent multiple parties when that perhaps could not happen without the conflict of interest waiver by those parties.

These sorts of LLC transaction issues are commonly dealt with by business law attorneys but can be tricky. Paying attention to these details, being careful, and planning ahead gets the best results for clients, which is what we do here at McGrath & Spielberger.

If you’d like assistance with business compliance services, please click here: https://mcgrathspielberger.com/business-compliance-services/.

Posted in attorney, Business Law & Contracts, lawyers, legal assistance, limited liability company, llc

Categories

Recent Posts

  • Legal Opinion Letters Part 7: What They Are – But Also What They Are Not
  • Legal Opinion Letters Part 6: When To Seek A Legal Opinion Letter
  • Legal Opinion Letters Part 5: Legal Advice Vs. Opinion Letter
  • Legal Opinion Letters Part 4: The Role Of The Attorney
  • Legal Opinion Letters Part 3: Key Components Of A Legal Opinion Letter

McGrath & Spielberger, PLLC

Tweets by JasonMcGrathLaw

Sitemap

  • Contact Us
  • Home
  • Who We Are
  • Where We Practice
  • Consultations
  • Blog

What We Do

  • Business & Contract Law
  • Limited Liability Company
  • Mortgage & Foreclosure
  • Real Estate Cases
  • Disputes & Lawsuits
  • Tax & IRS Matters
  • Wills, Trusts & Estate Planning
  • Prenuptial Agreements
  • Other Practice Areas
  • Business Compliance Services

Location

Directions

Contact Us

7300 Carmel Executive Park Drive, Suite 300, Charlotte, NC 28226

info@mcgrathspielberger.com

1.800.481.2180


fb


tw


yt


ld

google

The attorneys responsible for this website are Jason McGrath and Jim Spielberger. At least some of the content of this website may be considered attorney advertising in some jurisdictions. For information about our website privacy policy and terms and conditions, please click here.

Attorney Website Design, Legal Search Engine Optimizations and Lawyer Online Advertising by Leads Online Marketing Services.