Willcox, Buyck & Williams, PA Blog

Sunday, October 1, 2017

Can I Offer Ownership Options in My LLC?

You created a Limited Liability Corporation (LLC) in South Carolina, and now you want to raise capital by bringing in investors. Unlike a corporation, however, an LLC cannot sell shares. Since an LLC has some characteristics of both corporations and partnerships, you may be wondering whether you can sell ownership interests in your LLC. A Read more . . .

Friday, September 22, 2017

What To Expect During An Arbitration Proceeding

With just about every court in the country facing a backlog of months to years, alternative dispute resolution is becoming an attractive way for parties to “litigate” their disputes in a more timely and private fashion. While most people have not seen the inside of a courtroom, even fewer have been involved in arbitration proceedings. This article sheds some light on what a typical business dispute arbitration process can look like. If you think that you may be required to arbitrate a contractual dispute, it is important to seek the advice of a

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Wednesday, September 20, 2017

McCall Farms Acquires Sager Creek Vegetable Company Brands

McCall Farms Acquires Sager Creek Vegetable Company Brands


McCall Farms, known for its tasty line of high quality, seasoned southern-style vegetables and fruits, announced today they are acquiring the brands of Sager Creek Vegetable Company, a division of San Francisco-based Del Monte Foods, Inc. .  The acquired retail and foodservice brands have national and regional distribution and include well-known names like

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Monday, September 11, 2017

What You Need to Know About Business Capitalization in South Carolina

The State of South Carolina is actively working to improve the business climate within its borders, particularly focusing on bringing innovation to South Carolina.  Early in 2017, the South Carolina Department of Commerce published an Innovation Plan analyzing the current state of affairs and making recommendations for improving options for businesses.

In particular, the South Carolina Innovation Plan notes that many new businesses struggle to obtain sufficient capital from banks and traditional lending institutions, and instead are forced to turn to seeking venture capital through “angel grants” and other forms of direct investment.  The plan further notes that due to the scarcity of capital within South Carolina and the increasing amount of time and resources required to locate and secure it, many new businesses are looking across state lines to secure the funding they need. While you may not need a

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Friday, August 25, 2017

Shareholder Derivative Actions Explained

When you invest your hard-earned money in a corporation, you do so with certain expectations.  And in fact, both South Carolina and federal laws place requirements on the corporation’s officers to meet a set of reasonable expectations.  As a shareholder, the law also gives you a certain set of rights to help you protect your interests.  One of those rights is the right to initiate a “derivative action.”  

A derivative action is a lawsuit that is filed by a shareholder on behalf of the corporation when the corporation’s leadership has failed to act.
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Monday, August 21, 2017

Justice Department Says Rights Law Doesn’t Protect Gays

What Does This Mean For Our Company Employment Policies?

Recently it seems like the legal landscape surrounding issues of “gay rights” is changing every day.  For example, the New York Times recently reported on a brief filed by the Department of Justice that argues federal civil rights laws do not provide any protection against discrimination based upon sexual orientation.  With so many moving parts, it can be easy to get confused about what the law requires of you and your business, and how to make sure you are protected against any claims of illegal discrimination.  When creating and amending policies, it is a good idea to keep your

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Sunday, July 23, 2017

3 Top Reasons Why Business Contracts End Up in Court

Any good business person needs to stay aware of current trends, and one important trend to be on top of is why business contracts end up in court.  Without the help of a contracts lawyer, it’s hard to avoid pitfalls without knowing where the pits are. Based on the most recent research collected by the federal Bureau of Justice Statistics in

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Sunday, July 16, 2017

What Should Due Diligence Include During Mergers and Acquisitions?

What Should Due Diligence Include During Mergers and Acquisitions?

Mergers and acquisitions can be critical components of a firm’s growth scheme. Successful acquisitions may help a business increase market presence, improve profitability, and fill gaps in their product or service portfolio. Unfortunately, sometimes these transactions don’t end up meeting expectations, causing negative surprises, and damaging the firm and its’ board of directors. In 2015 alone,

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Friday, June 23, 2017

Federal Overtime Laws Have Changed: Is Your Company In Compliance?

In May 2016, the U.S. Department of Labor (DOL) announced final provisions updating the Fair Labor Standards Act (FLSA) rules regarding overtime. The rule has been the subject of a great deal of controversy for its ambitious changes to the thresholds for overtime exempt employees and its automatic readjustment of those thresholds every three years. Your local

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Monday, June 19, 2017

Should Your Company Be Asking For Wage History Information During The Hiring Process?

Asking a job applicant about their salary history is about as common as asking for their social security number. You want to be able to assess their worth to your company while trying to keep business expenses low. It’s completely understandable. However, this practice has led some to question whether it is perpetuating pay disparities between majority and minority groups throughout the country. The past two years have revealed that states are starting to get serious about equalizing pay amongst men, women, and minorities.
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