New Avenue for Sunday Alcohol Sales: Apply for 7-Day Permits in South Carolina Recent referendums in several South Carolina jurisdictions have opened a new avenue for Sunday alcohol sales, giving local retailers the opportunity to expand operations and better serve their customers. Businesses in these areas can now apply for 7-Day Off-Premises Beer & Wine…
Why You Should Update Your Estate Plan After Moving to a New State Relocating to a new state is an exciting milestone, whether it’s for a fresh start, a new job, or retirement. However, amidst the flurry of packing and unpacking, many people overlook an essential task: updating your estate plan after moving to another…
South Carolina’s Liquor Liability Insurance Crisis: Impact on Businesses and Legislative Efforts The landscape of South Carolina’s hospitality industry has been significantly impacted by the state’s joint and several liability law and the 2017 mandate requiring a minimum $1 million liquor liability insurance policy for businesses serving alcohol past 5 p.m. This has led to…
Understanding the FTC’s Ban on Noncompete Agreements The Federal Trade Commission (FTC) recently issued a final rule that significantly changes the landscape for noncompete agreements in the United States. This groundbreaking regulation aims to promote competition, increase worker mobility, and foster innovation. Here, we summarize the key elements of the FTC’s final rule and its…
A new South Carolina law gives anyone 18 or older who is legally able to buy a handgun the right to carry it in public. 3594 as signed by the Governor on March 7, 2024, authorizes individuals who are not otherwise prohibited from possessing a firearm to legally possess a firearm openly or concealed without…
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…
