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Category: Choice of entity

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....

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...

Doing Good While Making Money: Benefit Corporations in South Carolina

You’ve heard of C-corps and S-corps, but what about B Corps? B Corp is short for benefit corporation, a type of for-profit business entity that is regulated by state law....

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....

Choosing the Right Business Entity at the Federal and State Level

As a business owner, it’s important to understand the differences between various business entities. Some of the differences include how the entity is structured, how it’s taxed, and what kind...

6 Common LLC Creation Mistakes

Starting a new business is exciting but also a little intimidating. There’s a lot you probably don’t know, and mistakes can end up costing you. If you’ve decided to start...

Are You Protected? What You May Not Know About “Piercing the Corporate Veil.”

One of the first things to do when going into business is to select the appropriate business structure for your venture and set it up correctly. A primary advantage of...

Did You Choose the Wrong Business Type?

Picking what kind of business you’re going to be – “choice of entity” – is one of the first and most important things you do when you start a business....

What’s the Difference Between a C-Corp and an S-Corp?

Deciding what kind of entity you want to be is one of the first steps when creating a new business. If you’ve already decided that your business should be a...
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