When diving into the entrepreneurial world, deciding which state should you pick to create your LLC (Limited Liability Company) is crucial. Many believe forming an LLC in states without personal income tax, like Wyoming or Nevada, provides a way out of taxes. This article will debunk such myths, highlight considerations, and guide you to make…
Complying With The South Carolina Craft Beer Economic Development Act. Prior to passage of The South Carolina Craft Beer Economic Development Act (Act No. 31 of 2023) state law only allowed for the sale of a maximum of 288 ounces per consumer, per day, to-go for off-premises consumption from a licensed brewery taproom which has…
The Benefits of Asset Protection in South Carolina. You’ve worked hard to build your wealth, so it’s only natural to want to protect it. Unfortunately, life is full of surprises, and unexpected events like lawsuits, divorce, or creditor claims can quickly erode your financial security. That’s where asset protection comes in! By implementing legal strategies…
After more than 11 months of collaboration, research, conversations, and meetings NEW South Carolina Craft Beer Laws are being proposed in the state legislature. It should be no surprise to anyone that this state heavily favors the distribution tier of the three tier system which in our new post COVID reality crushes a breweries ability…
Why Your LLC Needs An Operating Agreement? Because, failing to have an operating agreement for your limited liability company (“LLC”) is a major mistake that can have serious consequences for you personally and your business. It’s not just a piece of paperwork, it’s a key legal document that outlines the rules and regulations of…
New 2023 ATF Pistol Brace Rule. The Department of Justice (DOJ) submitted its 2023 ATF Pistol Brace Rule “Final Rule” on pistol stabilizing braces to the Federal Register on January 13, 2023. Many are concerned that this new rule could turn millions of previously legally owned firearms into National Firearms Act (NFA) regulated short–barreled rifles (SBRs), and the people that possess those firearms into felons.…
Tax credits for breweries, is this a real thing? Yes it is! The South Carolina High Growth Small Business Job Creation Act, also known as the Angel Investor Act (the “Act”), provides tax credits to angel investors who make qualified investments in qualified businesses. The intent behind passage of the Act was to encourage investment…
A South Carolina registered agent is an individual or company that accepts service of process and other legal notifications on behalf of a South Carolina business. All business entities registered with the South Carolina Secretary of State, including LLCs and corporations, are legally required to have a registered agent. If you hire South Carolina Attorneys…
Planning to offer drink specials? Here’s what you need to know. Drink specials are a great way to bring extra business to your establishment. Remember in South Carolina there are regulations governing the discount pricing of alcohol. You can find individual regulations from the South Carolina Department of Revenue ABL Division Here. Check out these…
Are Blue Laws about to end in South Carolina? Only 7 of the 50 states still have laws on the books, commonly referred to as “Blue Laws”, which prohibit the retail sale of distilled spirits on Sundays. But that number could drop from seven to six if South Carolina legislators send House Bill 3013 to…
A power of attorney (POA) can be an important element of planning for your elderly parent’s future. It allows another person to take action on your parent’s behalf, ensuring bills get paid and medical decisions can be made in the unfortunate circumstance that your elderly parent is unable to do those things on their own…
SOUTH CAROLINA’S LIQUOR STORES COULD BE ALLOWED TO OPEN ON SUNDAYS On January 27, 2022 business owners, community organizations, and individual consumers announced the official launch of Cheers! Let South Carolina Decide, a state, grassroots coalition working to pass House Bill 3013, which would allow South Carolinians the right to vote on if liquor stores…