When preparing your estate documents in South Carolina, you'll have to name a trustee and an executor. These people have different roles, and you should understand them to make a sound judgment. Let's look at how they differ below. Differences between a trustee and an...
South Carolina residents who want to plan for the future and protect their loved ones should always have a will. However, this isn’t enough to ensure that your loved ones get what’s theirs or that your wishes will be carried out. Why should you have more than just a...
If you're starting a business in South Carolina and you have chosen to operate as a corporation, you'll need to follow a few straightforward steps to form this business structure. Doing so helps ensure that you're following the appropriate legal guidelines when...
Deciding which type of business is best for your company in South Carolina will depend on costs, taxes and other factors. Further consideration should be given to whether your business is a brick-and-mortar or virtual company or both. The IRS considers two business...
Commercial finance requires the raising of capital to create a business. There are a number of financing options that are available to raise capital. A business owner in South Carolina is encouraged to understand the main uses of a capital account. The significance of...
South Carolina residents who want to begin estate planning should consider more than just a will. A revocable living trust is a great option for many reasons. What is a revocable living trust? A revocable living trust is a legal document that determines how a person's...
South Carolina allows you to organize your business as a limited liability company even if you are its sole member. Forming an LLC means that you are separate from your company for legal purposes. Let's take a look at the types of protection that you might be entitled...
Estate planning refers to the process of making arrangements for the management of your estate after your death. There are many ways to go about estate planning, and one tool that estate planners often use is the irrevocable life insurance trust, or ILIT. What is an...
The duties of an executor in South Carolina must be entrusted to someone responsible and thorough. This person has a list of tasks to do in order, and they cannot afford to skip any task. Otherwise, a simple court case could become delayed longer until the problem is...
Writing a will remains a vital component of estate planning, but there are other steps someone could take. Planners may wish to draw up valid power of attorney documents under South Carolina law. While signed power of attorney documents do not affect assets transfers...
