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Category: Business law

The Statute of Elizabeth: What You Need to Know About Transferring Assets

What if you owed someone a lot of money, but you didn’t want to pay them back? You might try to put your assets somewhere they couldn’t be touched; for...

Law Is Not A DIY Field: When Not To Represent Yourself

Individuals have the right to represent themselves and “act as their own attorney,” but do businesses? Not necessarily. Try to DIY, and you may discover you’ve overstepped the bounds. That’s...

When Covenants Not to Compete and NDAs Reach Too Far

South Carolina courts are clear in their general dislike of covenants not to compete and any provisions that restrict an individual’s ability to work. They are also clear in their...

Coming Soon to a Town Near You

For many years, South Carolina has limited the number of liquor stores an owner may have within the state to three. However, that law is no longer enforceable thanks to...

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...

How to Determine 1099 or W-2 Status in South Carolina

In business, the term “1099” usually refers to someone in an independent contractor position. The term comes from the IRS; at the end of the tax year, a 1099 worker...

Why You Need to Read the Fine Print: A Cautionary Tale

You know you should read “the fine print” of every contract and agreement you sign, but do you? We sometimes assume that there’s nothing truly important happening in the fine...

How South Carolina Courts View Covenants Not to Compete

On the surface, covenants not to compete look simple. One party agrees not to compete against another party – either by working for a competing company, or by starting their...

What You Need to Know About Section 1031 “Like-Kind Exchanges”

Under Section 1031 of the US Code, you can sell a qualifying property, take the money from that sale, and buy new qualifying property of a “like-kind” without paying any...

How to Protect Your Interests With Enforceable Covenants Not to Compete

South Carolina is a state that values an individual’s freedom to work. Because of that, it does not look kindly on contracts that try to restrict a person from working....
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