Willcox, Buyck & Williams, PA Blog

Monday, November 19, 2018

South Carolina Enacts First Insurance Data Security Act - How Will it Affect Your Business?

The National Association of Insurance Commissioners (NAIC) drafted the Insurance Data Security Model Law in 2017. On May 9, 2018, South Carolina became the first state to enact a version of the law. The provisions of the South Carolina Insurance Data Security Act will become effective for businesses on January 1, 2019. Therefore, if you are not aware of how the new law affects your business, you may want to consult a South Carolina business compliance lawyer as soon as possible to avoid any problems.


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Sunday, November 11, 2018

5 Things You May Not Know About Business Financing

Obtaining funding for your business can be difficult and frustrating. You need funding for your business, but the process of obtaining business financing is not always as straightforward as you might assume. A simple mistake or error on your application for funding or the documentation you provide with your application could result in a denial of your application for business financing.

Working with a South Carolina business lawyer can help avoid some mistakes that could delay business financing.

Five Things a South Carolina Business Attorney Wants You to Understand About Business Financing

1.  Your credit score could affect business financing.

If you own a small business or you are obtaining a larger loan, the lender may require you to personally guarantee the debt. When you personally guarantee the debt, you agree to pay the loan from your personal funds if the company defaults on the loan.

Therefore, the lender checks your credit history when processing the application for business financing. If you have negative items on your credit report, it could impact your ability to obtain business financing.

2.  Using a Post Office Box raises red flags just like incomplete applications.


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Friday, October 26, 2018

Is Your Company Making These Hiring Mistakes?

Starting a business is an exciting venture. However, for many new business owners, hiring employees is a stumbling block that can have long-term consequences for the company. Even established companies sometimes run into problems when expanding their workforce.

Below are five hiring mistakes that a South Carolina employment law lawyer may be able to help you avoid with the proper planning.

Five Hiring Mistakes That Can Cost You Time and Money in the Future

1.  Failing to Have a Formal Hiring Process

When you “wing it” as you are hiring potential employees, you could run into several problems. First, you may not have a clear process for checking references and performing background checks. In many cases, a second interview may be necessary to follow-up regarding certain questions or issues. When you do not have a formal hiring process, you may be tempted to hire a candidate during the first interview because you “hit it off” with the person. Only after the person begins working do you discover that his or her references or background check would have revealed serious problems that are now your problem.


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Saturday, October 6, 2018

How Do You Decide Whether to Mediate Employment Disputes?

Whether you’re in-house counsel or the CEO, when an employment dispute arises, it can often through a wrench into everything you’re working on. When faced with an employment complaint, it’s often the hope that it will simply go away, or resolve with a little time. Our labor and employment lawyers know that this can sometimes happen. Other times though, the dispute may escalate, forcing key players to make decisions as to how to best resolve it.

Here are some tips on how to prioritize whether and how to address employment disputes.


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Wednesday, September 19, 2018

Is It Time To Reassess Your Business Structure?

Choosing the legal structure of your company is a crucial step in beginning a business. Your business structure impacts numerous areas of your business. Risk, taxation, and complexity are three of the important factors to consider as you choose the business structure for your company.


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Friday, September 7, 2018

Six Steps You Need to Take to Get Your Business GDPR Compliant

Do you have an office or other operation in the European Union? Does your business sell products or services in the European Union? If you monitor, collect, or maintain personal data within the European Union, you need to ensure that your company complies fully with the requirements of the General Data Protection Regulation (GDPR) for the European Union. Steps that our


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Wednesday, August 15, 2018

Protecting Your Trade Secrets - Seven Strategies to Implement Now

Protection of your trade secrets is essential for the success of your business. It is imperative that you take steps to protect your trade secrets now and in the future. The first step is meeting with our South Carolina business attorney to discuss strategies and develop a comprehensive Trade Secret Protection Plan.


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Friday, August 3, 2018

Five Things You Should Know About Veteran-Owned Small Business Certification

When a disabled veteran opens a small business, he or she can apply for a Service-Disabled Veteran-Owned Small Business (SDVOSB) certification to conduct business with the VA. The U.S. Small Business Administration and the U.S.


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Thursday, July 26, 2018

Seven Things You Should Know About the New South Carolina Pregnancy Accommodations Act

The South Carolina Pregnancy Accommodations Act was signed into law by Gov. Henry McMaster on May 17, 2018. Although existing federal and state laws prohibit employers from discriminating based on pregnancy, these laws do not necessarily protect employees by requiring employers to make reasonable accommodations for pregnancy-related issues. The new law seeks to expand the protections by requiring employers to make certain accommodations. The law is in effect now.


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Friday, July 6, 2018

Should Your Business Accept Bitcoin?

In 2009 when Bitcoin was first invented and introduced, very few people knew about it or understood it. However, Bitcoin has increased in popularity over the past few years with more and more companies agreeing to accept the digital currency as one of their forms of payment. However, should your business begin accepting Bitcoin for payment of services or goods? Our South Carolina business and commercial lawyers can help you determine the best choice for your business.


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Wednesday, June 27, 2018

7 Things to Watch Out for in SC Commercial Loans

You may need a commercial loan to provide funds for operating costs for your company, a construction project, or capital expenditures. Commercial loans include real estate loans and business loans secured by personal property. If you are a lender or a borrower in a commercial loan transaction, you need experienced South Carolina banking lawyers working for you to protect your interests.


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