A federal tax lien attaches to all real and personal property of a taxpayer at the time an assessment is made by the Internal Revenue Service and
On December 23, 2014, the South Carolina Supreme Court issued its decision in CarMax Auto Superstores West Coast, Inc. v. South Carolina Dep't of
A chapter 7 trustee sued a manager of three limited liability company (LLC) debtors for breach of fiduciary duty and to hold the manager personally
Franchise Fee Deduction Permitted. The Department of Taxation ruled that the taxpayer, an out-of-state partnership, was permitted a deduction for
A limited liability company will generally shield its members and managers from the LLC’s debts and obligations, but the shield is not absolute.
In the South Carolina case of 16 Jade Street, LLC v. R. Design Construction Company, the court wrestled with the scope of protection from tort liability provided to individual members of a limited liability company.
On November 4, the South Carolina revenue agency announced that a biomass energy equipment tax credit can now be applied to an individual’s income taxes.
In Firehouse Restaurant Group, Inc. v. Scurmont LLC, Civil Action No. 4:09-cv-00618-RBH (D.S.C. Oct. 17, 2011), Firehouse Restaurant sued Scurmont, dba Calli Baker’s Firehouse Bar & Grille, for, among other things, infringement of Firehouse Restaurant’s registered FIREHOUSE mark.
The parties in Rowles, et al. v. Chase Home Finance, LLC, in the United States District Court for the District of South Carolina, reached a proposed class settlement, which was preliminarily approved by the court earlier this year
If a company does not timely pay all wages due to an employee, the South Carolina Payment of Wages Act (SCPWA) allows the employee to file a lawsuit for three times the amount of unpaid wages, plus court costs and attorneys fees.