A Series LLC sounds almost tailor-made for real estate investors and business owners with multiple product lines: one umbrella company, separate “buckets” of assets, and a promise that a problem in one bucket won’t spill into[...]
When a business loses an owner to death, the emotional toll is just the beginning. Without a plan in place, the financial aftermath can destabilize the company. Especially in businesses that are high in assets but[...]
For many entrepreneurial individuals, gaining ownership in a company through “sweat equity” is an appealing alternative to investing cash or other resources. Sweat equity allows employees or key contributors to earn an ownership stake in the[...]
An LLC operating agreement is an agreement between the member or members of the LLC and the LLC entity. Under the South Carolina Limited Liability Company Act, the members of both single-member and multi-member LLCs are[...]
From restaurants local stores to trucking companies and other transportation businesses, companies across the country have felt a serious financial squeeze due to Coronavirus. If your business has been hurt as a result, there may be[...]
As highlighted in the limited liability company section of our law firm’s website, of critical importance for any member (i.e., a business owner holding an LLC interest in a limited liability company) is the right to[...]
