How to Determine 1099 or W-2 Status According to the IRS
Update, 02/15/2023: The Department of Labor’s Wage and Hour Division published a notice of proposed rulemaking on the subject of worker misclassification and how to correctly classify workers as employees or...
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
Updated April 2024 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...
Did You Choose the Wrong Business Type?
Updated April 2024 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...
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...
How A Buy-Sell Agreement Is Like Monopoly
Imagine sitting down with someone to play Monopoly, and it’s the first time ever for both of you. What do you do first? After you each pick a token –...
