Business Law

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.


Read more . . .


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.


Read more . . .


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.


Read more . . .


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.


Read more . . .


Thursday, March 29, 2018

How to Avoid Business Insurance Mistakes


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.
Read more . . .


Tuesday, February 27, 2018

Frequently Asked Questions About Starting a Business

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.


Read more . . .


Monday, February 12, 2018

Going for the IPO - Is your company ready?


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.
Read more . . .


Thursday, February 1, 2018

Should I Choose a Different Business Organizational Structure After the TCJA?


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.


Read more . . .


Friday, December 29, 2017

Business Contract Performance - When is it a Good Idea to Breach?


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.
Read more . . .


Sunday, November 12, 2017

Do You Have an Exit Strategy? Know Your Options


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.
Read more . . .


Thursday, October 12, 2017

How Should I Structure My Nonprofit?


Nonprofit corporations do some amazing work, and many are able to do it because of their nonprofit status, which comes with many benefits.  Nonprofits can be eligible for tax exemptions, and their supporters are able to make tax-deductible donations.  Creating and operating a nonprofit isn’t difficult, but there are many rules that must be followed to maintain your nonprofit status.  By using a


Read more . . .


Archived Posts

2018
2017
2016
2015
December
November
October
September
August
July
June
May
April
March
January
2014

← Newer12 3 4 5 6 7 Older →


Business and Corporate Law News



© 2018 Willcox, Buyck & Williams, PA | Disclaimer
248 West Evans Street, Florence, SC 29501
| Phone: 843.536.8050
2050 Corporate Centre' Drive, Suite 230, Myrtle Beach, SC 29577
| Phone: 843.461.3020

Business & Corporate Law | Litigation & Disputes | Family & Individual Services | Real Estate | Negligent Handling of Human Remains | Opportunity Zones | About Us

FacebookGoogle+TwitterYouTube

Law Firm Website Design by
Zola Creative