Tax Free Exchanges of like kind real property used in a trade or business, or for investment, areallowed under to IRC Sec. 1031. Real property generally qualifies as a like kind asset to otherreal property, even if the difference in value or appearance is significant. This technique allowsgrowing companies to move into bigger buildings and …
In South Carolina, there are three types of dissolution processes for a corporation: voluntary dissolution, administrative dissolution, and judicial dissolution. Planning ahead can help avoid a situation where court intervention and litigation is required to wind-up your entity and distribute its remaining assets. Voluntary dissolution is the process by which a corporation’s members choose to …
Dissolution of a Corporate Entity: When Legal Proceedings are Necessary Read More »
The National Practitioner Data Bank (NPDB) requires that hospitals and other health care entities report physicians or dentists who have had a professional review action taken against them for more than 30 days. It’s important to be familiar with the rules regarding professional review actions and the impact of the civil liability protection. Here is …
The need to “quiet title” to real property often arises when someone has recently purchased property without the benefit of a title search; for example, when purchasing property at tax sale, in a foreclosure auction, or at an estate sale. Such actions can also arise after an owner runs a title search and learns that …
Earlier this summer, the U.S. Department of Health and Human Services’ Office of Inspector General (OIG) issued a Special Fraud Alert warning physicians and other practitioners to exercise caution when entering into telemedicine arrangements that have certain suspect characteristics. Companies that purported to provide telehealth, telemedicine, or telemarketing services have been known to have exploited …
Caution to Physicians Regarding Telemedicine Arrangements Read More »
The term “Probate” is a broad term that can often elicit confusion and is misunderstood by individuals when reviewing their estate plan or administering an estate. Simply put, Probate is the process whereby a person’s estate is settled, and it is overseen by the Probate Court in the county where the person was domiciled at …
What is Probate: A Discussion of Fact v. Fiction Read More »
What is The Blockchain Blockchain is a record keeping technology that is a digital system for recording transactions and related data in multiple places at once. Instead of using traditional methods of storing data, such as in rows or columns, the data is stored in blocks and is decentralized. This means that every participant on …
Recently, the Fourth Circuit Court of Appeals in Coady v. Nationwide Motor Sales Corp issued an opinion regarding the enforceability of Nationwide Motor Sales Corporation’s arbitration agreement contained in the company’s employee handbook. Applying Maryland contract law, the Fourth Circuit held that Nationwide’s arbitration agreement failed because the signature page found within the same document …
Employee Handbooks: Is your Arbitration Clause Valid? Read More »
As the CMS Open Payments program expands towards its 10-year anniversary in 2023, this is a key time for healthcare providers to enact basic compliance procedures that monitor the public database regularly. The database is expanding this year to include important categories of covered recipients, which providers will need to include in their conflict reviews. …
Importance of Monitoring the CMS Open Payment Program Read More »
Any time you are running a business you have a greater exposure to liability. It is important that you develop a structure or entity for your business to protect your personal assets from being subject to any potential judgment against your business. This is called asset protection. One type of legal entity in South Carolina …
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