Willcox, Buyck & Williams, PA Blog

Thursday, March 14, 2019

Is South Carolina Business Friendly?


Deciding what state to form your business is one that should be given careful consideration. This decision can impact your businesses from day one, on. For residents of South Carolina, forming your business in South Carolina may seem the natural choice. For residents of other states, South Carolina may not even come to mind. However, Read more . . .


Thursday, March 7, 2019

Top Five Mistakes Business Owners Make at Depositions


Depositions are a discovery tool used in lawsuits that allow a party to gather evidence about the case. A party testifying at a deposition is under oath, and the entire session is transcribed into an official record by a court reporter. In a lawsuit, depositions can be very useful to learn what evidence the other party has and to force parties to answer key questions before the trial. If you are called to testify at a deposition, be sure to discuss the situation with


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Friday, February 15, 2019

Types of Business Organizations - Advantages and Disadvantages


There are several different types of business organizations that you may choose from when setting up your business.  Each business entity has certain advantages and disadvantages that may make one entity preferable over other entities based on your specific circumstances. Our South Carolina business formation lawyers review the four most common types of business entities in this article and some of the pros and cons of each business structure.


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Friday, February 8, 2019

Are Business Plans Still Relevant?


Sources seem to disagree about whether business plans are still relevant. Some industry professionals argue that a business plan is a key to success. However, other industry professionals argue that business plans are a waste of time and resources. If you are confused about a business plan, you are not alone. Our Read more . . .


Monday, January 28, 2019

New Laws for a New Year - Is Your Business Ready?


Each year, our lawmakers pass new laws that impact the lives of South Carolina residents and businesses throughout the state. In some cases, the laws benefit businesses but may require additional steps to remain compliant with state laws. Our South Carolina business compliance lawyers discuss five of the new laws that become effective for state residents and businesses as of January 1, 2019.
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Monday, January 21, 2019

2019 Business Outlook - 5 Business Predictions for the Coming Year


Some predictions about the trends and business outlook for 2019 are difficult to make with a high degree of certainty. Recent volatility in the stock market and uncertainty about how lawmakers intend to govern with a divided Congress makes some leading business analysts very nervous. Our South Carolina business and corporate lawyers discuss five business predictions that appear to be safe calculations of the business outlook for 2019.


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Wednesday, December 26, 2018

Five Ways to Build Your Business Through Government Contracting


If you never considered bidding for government contracts, you need to revise your thinking about government contracting. Government contracting is another source of business opportunities for your company. As you grow and expand your business, you need to take advantage of every opportunity in the marketplace to gain new customers. This includes working with a Read more . . .


Friday, December 21, 2018

5 Things Your Company Must Know About Data Security


If your company retains personal and sensitive information about your employees, clients, or customers, you must protect this data. Cybercriminals attack businesses each day to steal data they can use for profit. As a business owner, it is important that you understand data security. A Read more . . .


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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