Lawyers Mutual welcomed Ronald L. Gibson to their Board of Directors in 2012. He practices with the law firm of Ruff, Bond, Cobb, Wade & Bethune, L.L.P. in Charlotte, focusing his efforts on corporate, business law and general practice. A graduate of Davidson College and the University of North Carolina School of Law, Ron served as a Law Clerk to Federal District Court Judge James B. McMillan and was in private law practice with Chambers, Stein, Ferguson & Becton. His experience also includes Associate General Counsel and Vice President of Marketing with Duke Power Company; Principal with Scott, Madden & Associates, a management consulting firm; and owner of an insurance and financial services agency. Ron represents Mecklenburg County as a State Bar Councilor where he serves as Chair of the Administrative and Legislative Committees. Ron is a former President of the NC State Bar and currently serves on the Board of Law Examiners.
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.