Business and Corporate Law News

Dont Fall for These 6 Deadly Myths of Startups
When starting a business, it is important to have an innovative business model and to face the harsh realities of entrepreneurship.

California Shows How Paid-Leave Law Affects Businesses: Not Much
Since the enactment of mandated paid family leave in 2004, California has served as a research laboratory to study how much this law impacts affected companies. During the last decade, California businesses outpaced the general U.S. economy by 2 percentage points.

United CEO Is Out Amid Inquiry at Port Authority
Three senior officials of United Airlines, including the company's CEO, have resigned in the midst of a scandal involving traded favors with the chairman of the Port Authority of New York and New Jersey. Under investigation is whether United reinstated money-losing flights to convenience the Port Authority's chairman in exchange for improvements they desired at Newark International Airport.

When Cyberfraud Hits Businesses, Banks May Not Offer Protection
A recent case demonstrates that, while individuals are fairly well protected from fraudulent bank transfers, the same does not hold true to small businesses. Recent FBI data shoes that 8,000 companies have lost nearly $800 million in just the past 2 years.

Removal of Confederate Flag May Help to Boost State's Economy
Ted Pitts, the President and CEO of the South Carolina Chamber of Commerce is hopeful that the removal of the Confederate flag from the Capitol will help business growth and create new jobs for residents throughout the state. A number of prominent organizations including the NCAA and NAACP had refused to hold events in South Carolina due to the flag's presence on government grounds.

How An Obscure Banking Law Let The IRS Seize Bank Accounts From Innocent Americans
According to an IJ report released in February, the IRS seized over $240 million in 2,500 cases for alleged structuring violations from 2005 to 2012. Half of all seizures were worth over $34,000. Notably, a third of all seizures “arose out of nothing more than a series of transactions under $10,000, with no other criminal activity, such as fraud, money laundering or smuggling, alleged by the government.”

Proposed Legislation Could Help South Carolina's Beer Business.
In 2013, South Carolina's breweries got a major boost with the passage of the Pint Law and added approximately $13 million to the local economy. The Small Brew Act could help state brewers even more by cutting the tax they pay on each barrel produced by half.

Volvo Chooses South Carolina as Location for Plant
Praising the state's infrastructure, workforce and business-friendly climate, Volvo's CEO announced that the company selected South Carolina over 60 other sites for its first North American assembly plant.

Business and Corporate Law News

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