Willcox, Buyck & Williams, PA Blog

In some cases, it might be necessary to go to trial to resolve a legal dispute. However, taking a matter to trial can be expensive and time-consuming.  In addition, the results are uncertain, especially when you consider that a jury could be swayed by emotional testimony instead of facts and legal statutes.

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Business owners have many important decisions to make regarding their business, such as the location, inventory purchases, labor, and advertising. However, one decision is often glossed over and not given the consideration needed to avoid costly mistakes — decisions about business insurance. Our South Carolina business formation and planning lawyers work closely with business owners to help them avoid insurance mistakes that could be detrimental to their business interests.
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Well executed mergers and acquisitions can be a boon to the growth of any enterprise. With signs of economic recovery on the horizon, M&As are on the rise. The most common problem facing these organizations is the post-merger integration process. In fact, according to Read more . . .

Top 7 Frequently Asked Questions About Starting a Business

Starting a business is usually an exciting time for entrepreneurs. The ability for people to work towards a dream or passion on their own accord is an attractive way to make money and raise a public profile. However, starting a business can be difficult and risky. Working on a business is usually highly stressful work that can produce little fruit until the entity takes off, and it can sometimes seem like hard work was for nothing if the venture ultimately fails.

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Going for the IPO - Is your company ready?

Taking a company public through an IPO can be a big step for continued growth. Renaissance Capital says the typical newly public company sees its share price rise by about 31% from their IPO price. Even though the prospects of public attention and an influx of money can be very tempting for business owners, it is still very important to sit down and seriously consider if your company is ready.
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The Tax Cuts and Job Act (TCJA) will affect every type of business in America, regardless of its organizational structure. With the dizzying number of changes in the TCJA, some people are wondering if any types of businesses will get more favorable treatment. As a business owner, you might want to discuss the new laws with a business organization lawyer.

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As the new year begins, it’s a good idea to review your workers’ compensation policies and procedures to ensure you are in line with industry best-practices. In South Carolina alone, there were over 16,000 workers’ compensation claims filed, costing employers over $800 million, according to the Department of Labor. Considering the fact that between 20% and 25% of injuries reported are fraudulent, it may be in your company’s best interests to discuss your practices with an experienced labor and employment law lawyer. In the meantime, take a look at some of the industry best practices for workers’ compensation.

Creating a Culture of Safety

Creating and fostering a culture of safety in your company begins long before you hire an employee.
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Business Contract Performance - When is it a Good Idea to BreacBusiness relationships and undertakings are formalized with contracts. These contracts may be written or oral, but most complex business agreements are reduced to writing for obvious reasons. Business owners agree on the terms of the contract to ensure seamless performance by all parties to the contract. However, there are times when performing the contract is detrimental to the business or simply impossible. Does this mean the business owner’s hands are tied? Not necessarily.
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The State of South Carolina requires most employers to carry workers’ compensation insurance. You should read over your policy periodically to make sure you have the coverage that fits your current number of employees and that you are not paying too much for your premiums. If the number of your employees has dropped enough, you might not have to buy workers compensation insurance. The laws may have changed since you last read your policy. Now is a good time to talk with your South Carolina labor and employment lawyer about all of your company policies.

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If you’re an employer, just the word “ERISA” might give you chills.  While the Employee Retirement Income Security Act, or ERISA, serves an important function, for employers it can represent the worst of the federal government: a vast and complicated set of requirements that can come with civil or even criminal penalties for violations. Now is the time of year when it makes sense to have an employment law lawyer review your benefits packages to make sure you are in compliance.
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Creating a business or startup is a bit like being a chessmaster—to be successful, you have to be able to see the endgame even before the game begins.  As you create a business plan and develop a strategy to accumulate capital, you should also be thinking ahead to how you will move on from your successful business to your next big thing.  If you are ready to start a business or simply need to update your business plan, talking with an experienced business formation and planning lawyer can get you on the right track.
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