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Category: Business law

Is Promissory Estoppel Subject to Statute of Limitations in South Carolina?

Thomerson v. DeVito came to the Supreme Court of South Carolina on certification from the U.S. District Court for the District of South Carolina, as the U.S. District Court needed...

What is Title Insurance and Why is It Important?

We’ve previously discussed the importance of a title search on this blog. A title search occurs before a real estate closing to ensure that the property in question is free...

A Classic Squeeze-Out: Minority Member Oppression in Wilson v Gandis

In the previous blog, we looked at one of the risks of being in an LLC, minority member oppression. This happens when a member or members of the LLC act...

Your Risks as a Minority Member in an LLC: Oppression and Squeeze-Out

A limited liability company (LLC) is a great thing for many entrepreneurs. Among other things, it provides liability protection while requiring fewer formalities than a corporation. But it’s not risk-free....

Get It in Writing – It’s the Law

Please be advised that the Court assumed for purposes of the Motion for Summary Judgment that all the facts the Plaintiff (Kagan) alleged were true in the light most favorable...

Marketability and Minority Discounts in South Carolina Courts

If you’re a part owner of a closely held corporation, it can be challenging to determine the dollar value of your interest in it. Not only do closely held corporations...

What Happens If You Sell the Same Land to Two Separate Parties? Specific Performance as a Remedy

When seeking justice through the courts, a person or party who has been wronged may receive compensation to help right that wrong. That compensation may be a “legal remedy,” which...

Sharing the Cost of Liability: What is Contribution?

Let’s say there’s an accident that leaves a person injured. The injured party sues the party at fault – the tortfeasor – who ends up paying damages. The injured party...

Is Your Company’s Website ADA Compliant? And Does It Need to Be?

If you own a brick-and-mortar business that serves the public and has an associated website or app, read this blog, as it pertains to you directly. Most people are familiar...

Can You Be Held Personally Liable for Your LLC’s Debts?

Entrepreneurs who create a limited liability company (LLC) are protected from putting their personal assets at risk for business debts. Right? After all, that’s the main purpose of the LLC....
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