Oftentimes, there are estate planning tools (such as trusts, wills, and powers of attorney) that an individual can develop with the help of a Wills and Trusts attorney in order to plan for the future. Most individuals are able to contemplate what to do with their assets once they are gone, or what end of …
The Basics of Guardianships and Conservatorships in South Carolina Read More »
The Department of Health and Human Services (DHHS) Office of Inspector General’s (OIG) office is quickly ramping up its 2022 audit program as identified in its Active Work Plan. There is no shortage of expenditures, regulatory requirements and collected data to audit, and nursing facilities and hospitals have a few big-ticket reviews directed their way. …
HHS OIG’s Spring 2022 Focus on Hospitals and Nursing Facilities Read More »
Your new business needs a capital infusion to get off the ground. The only problem is that a newbusiness is not established enough to have generated a business credit report. It may also be lackingassets that can be used as loan collateral. Without a business credit report or business assets, lenderscannot judge whether your company …
Personal Guarantees: What They Are and When They Are Required? Read More »
An Estate Plan consists of legal documents that govern distribution of your assets at death andmemorialize your wishes regarding healthcare and financial decisions if you are incapacitated. Creating an estate plan is a necessary step to ensure the money and property you own at the timeof your death passes to your loved ones in the …
Will vs. Trust? How to Choose the Right Estate Plan Read More »
Just five years ago, South Carolina adopted a new Act governing all Powers of Attorney executed on or after January 1, 2017. While South Carolina attorneys have been drafting Powers of Attorney for decades, these news laws, collectively termed the South Carolina Uniform Power of Attorney Act (SCUPOAA), give attorneys and their clients more guidance …
Membership in a limited liability company (LLC) may come with voting rights. Member voting rightsshould be addressed in the LLC’s operating agreement, which typically provides that LLC members mustvote on several issues that are material to the continuance of the business. A unanimous or majorityvote may be required depending upon the nature of the matter …
The annual deadline to report a HIPAA breach is Tuesday, March 1, 2022, for HIPAA Covered Entities and Business Associates to file their annual breach reports with the U.S. Department of Health & Human Services (HHS), Office for Civil Rights (OCR). Recall that a “breach” is a Privacy Rule violation that also compromises the security …
Owning a business can impact every area of a person’s life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa. Failure to think about how these two significant institutions interact can have unforeseen consequences—everything from addressing time management …
The Business of Marriage: Considerations for Married Business Owners Read More »
Business owners agree that people are the lifeline of a company. The people you hire can make or break your business. Yet as an employer, it is essential to recognize that things change. There are instances when you may have to terminate an employee. Developing a severance package is one effective strategy for dealing with …
Business owners may be forced to revamp their compliance programs in the wake of the recent COVID-19 pandemic. While compliance programs are designed to provide safeguards for businesses, those safeguards may not be practical during the current climate of the business world. Companies may need to consider adjusting their current compliance programs to one that …
Creative Ways to Adjust Your Compliance Program During the COVID-19 Pandemic Read More »
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