The massive coronavirus stimulus bill is expected to clear Congress today. Courtesy of the Wall Street Journal, here is a FAQ regarding the stimulus checks for individuals: How much money is it? The plan provides $1,200 for each adult and $500 for each child under 17. A married couple with two children would get $3,400. [...]
The sweeping coronavirus aid package set for a House vote today provides $349 billion for the Small Business Administration to guarantee loans to small businesses. The legislation calls for the loan money to be distributed using the existing framework of the Small Business Administration’s 7(a) program. The 7(a) program is a joint partnership between private [...]
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 a promising option through the United States Small Business Administration (“SBA”). On March 4, 2020, Congress allocated $8.3 billion [...]
Do single people need estate planning? Perhaps you’ve been to an estate planning seminar. Maybe you’ve read a few articles in the paper of in magazines. Maybe you've contacted a Charleston estate planning attorney in the past. Are you now ready to talk about practical estate planning? Here are answers to some frequently asked questions. [...]
Estate Tax and GST Taxes Repealed On November 2, 2017, Republicans in the House of Representatives released their version of a tax reform bill: The Tax Cuts and Jobs Act (the “GOP Act”). The GOP Act is still subject to revision and is only the beginning of what is sure to become a legislative battle. [...]
In 2003, Alice Dumville (“Dumville”) met with Thorsen to address her estate planning needs, specifically her last will and testament. Following the estate planning meeting, Thorsen gathered that Dumville wanted a simple will that would allocate all of her real estate to her mother, should her mother survived her. If her mother-- who was in her late [...]
Understanding Rule 41F - Gun Trust On January 4, 2016 United States Attorney General Loretta Lynch signed ATF Rule 41F, which impacts how South Carolina gun trusts may be established in the context of estate planning. The Rule administratively changes federal regulations regarding firearms regulated by Title II of the Gun Control Act (GCA), specifically [...]
The Small Business Administration announced two lending initiatives today, Small Loan Advantage and Community Advantage, aimed at making modest loans to small businesses quickly. The SBA's new Small Loan Advantage program permits larger banks, or preferred lenders, to make loans through its flagship 7(a) lending program up to $250,000 and get them approved quickly by [...]
A recent forecast, published by Forrester, regarding online retail sales made an important reference to Web influence on in-store retail sales. For those start-ups, small businesses, and entrepreneurs that do not intend to have a web presence, or do not intend to sell their services, crafts, and products online, they should pay attention to these [...]
Daniel-Island based Sabal Medical Inc., a privately held medical technology company, has been acquired by Swisslog, a Swiss provider of logistics solutions for hospitals, warehouses and distribution centers. Sabal Medical located in Daniel Island (Charleston), has been developing innovative products for the health care industry since 2007. It's main product, a mobile drug cabinet, will [...]
