Calling your doctor’s office to schedule an appointment for you to come in and be examined and treated has been the custom for decades. However, thanks to advancements in modern technology, this process has been streamlined and can now all be done online. Taking the technology further, patients can now live chat online with their …
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 »
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 …
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 …
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 »
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 …
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 »
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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