When you are choosing the right type of business entity for your company, or if you are considering whether your company needs to be restructured, you may want to consider the benefits of a holding company. Do you need a holding company? That depends on: The type of...
If you received a Paycheck Protection Program (PPP) loan from the SBA, will you be audited? How does the SBA decide who to audit, and what are the consequences if the SBA decides that you were not eligible for a PPP loan, not eligible for loan forgiveness, or that...
How do you file a mechanic’s lien, foreclose a mechanic’s lien, and get paid for your work if you are a contractor or subcontractor in SC? First, contact an attorney who can help you to negotiate detailed written contracts for all work that you or your company will...
Starting a new business? Feeling overwhelmed? Below, we’ve put together a checklist for starting a new business in SC that may help… Most new businesses fail within the first year of opening, especially small businesses. Why? The reasons vary from business to...
The US Senate and House have passed a compromise version of the 2018 Farm Bill – a comprehensive $867 billion bill that addresses many of the critical issues facing farmers and includes provisions to legalize and regulate hemp farming. Assuming the president signs the...
You or your business may have a judgment against a person or business in SC – but how do you collect a judgment in SC and how long does the judgment last? At the end of a civil lawsuit, unless there is a settlement and the defendant pays what they owe, you may end up...
