Elon Law expert on FOX8: ‘Business owners beware’

A news report on May 4, 2021, included information from Associate Professor John Flynn on ways for small business owners to protect their personal assets from scam artists.

Associate Professor John Flynn

The director of Elon Law’s Small Business & Entrepreneurship Clinic shared information for business owners who may fall prey to scam artists in a recent WGHP FOX8 report on a local chef who described losing more than $1,000.

“Business owners beware,  to some extent, that folks are trying to scam you,” Associate Professor John Flynn told journalist Daryl Matthews for the May 4 segment. “Form an entity to protect your personal assets. As a small business owner, become a limited liability company, or a corporation.”

The FOX 8 report, Owner of Gourmet 21 in Greensboro struck by refund request scam, recounted the way in which a local chef catered a high-end dinner only for the client to request a refund from the financial institution that handled payment.

As Distinguished Practitioner in Residence at Elon Law, Flynn teaches business law courses in addition to directing the Small Business & Entrepreneurship Clinic.

He is a director at Carruthers & Roth, PA in Greensboro, focusing his practice on debtor and creditors’ rights, loan workouts and other loan transactions. He is the firm’s chief counsel on matters in environmental law, working with clients to understand the implications of environmental laws on personal and business planning, business organization, real estate transactions and creditors’ rights.

After a decade of service at Carruthers & Roth, Flynn was elected managing director in 2003 and served until 2008. Before joining the firm, he clerked for two years for the Hon. Hiram H. Ward of the U.S. District Court for the Middle District of North Carolina.