Business

Dissolution of a Corporate Entity: When Legal Proceedings are Necessary

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 …

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Blockchain and Smart Contracts

Business

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 …

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Achieving Asset Protection Through an LLC

Business

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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Personal Guarantees: What They Are and When They Are Required?

Business

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 …

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How to Resolve Deadlocks in Your LLC

Business

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 …

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The Business of Marriage: Considerations for Married Business Owners

Business

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 …

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What You Need to Know about Severance Packages

Business

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 …

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Creative Ways to Adjust Your Compliance Program During the COVID-19 Pandemic

Business, Health Care

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 …

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Recommendations for Reopening Your Business

Business

Business owners are facing tough decisions as they attempt to safely reopen their businesses to employees and consumers during the pandemic. The workplace as we knew it is on hold as the threat of COVID-19 is still very present. Many businesses have begun reopening in stages and are implementing new strategies to ensure the safety …

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Why Should I File A Trademark?

Business

Is Filing a Trademark Important For A Business? Although constructive use in the market provides some intellectual property protection, you should look into filing a trademark or service mark if you are or plan to advertise your product or business on the internet or out-of-state. Being the first to use your trademark or service mark …

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Dissolution of a Corporate Entity: When Legal Proceedings are Necessary

Blockchain and Smart Contracts

Achieving Asset Protection Through an LLC

Personal Guarantees: What They Are and When They Are Required?

How to Resolve Deadlocks in Your LLC

The Business of Marriage: Considerations for Married Business Owners

What You Need to Know about Severance Packages

Creative Ways to Adjust Your Compliance Program During the COVID-19 Pandemic

Recommendations for Reopening Your Business

Why Should I File A Trademark?

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