Related News & Posts

Corporate & Business

There Is Nothing Remotely Nefarious in This Post

January 31, 2019

This is a follow up to a previous blog - Single Business Enterprise Theory f/k/a Amalgamation - that provided an overview of recent South Carolina appellate cases discussing and applying the test for considering multiple business entities as one in litigation.

Haynsworth Sinkler Boyd Welcomes Ron Scott

November 27, 2018

Haynsworth Sinkler Boyd is pleased to announced that Ronald T. Scott has joined the firm as an associate in the Columbia office.

Single Business Enterprise Theory f/k/a Amalgamation

October 23, 2018

Last summer, the South Carolina Supreme Court formally adopted the doctrine of amalgamation in Pertuis v. Front Roe Restaurants, Inc., 423 S.C. 640, 817 S.E.2d 273 (2018), clarifying years of opinions on the subject from the Court of Appeals.  In adopting the doctrine, the Court expressed a preference for the term “single business enterprise theory.” 

HSB Announces Corporate Law for Accountants Seminar Dates

October 04, 2018

Haynsworth Sinkler Boyd's Corporate and Tax Law Practice Groups are pleased to announce the schedule for the 2018 Corporate Law for Accountants Seminars.

Can a Member of a South Carolina Limited Liability Company be an Employee of that Company?

September 18, 2018

In Morin v. Innegrity, LLC, the South Carolina Court of Appeals permitted a member of an LLC that was performing services for the LLC to recover unpaid wages under the South Carolina Payment of Wages Act (SCPWA or the Act). Though the parties did not raise the issue, the case presented an interesting question about whether the protections of the Act extend to service members of an LLC.  (Note that in the ensuing discussion “LLC” is used interchangeably with “partnership” and “member” with “partner.”) 

World Wide Web Commission Releases New Standards for Website Accessibility

September 12, 2018

When it comes to accommodating clients’ needs, whether your website is accessible to those with vision, hearing, or cognitive disabilities is not often a concern that readily comes to mind.

Perry MacLennan Named "Star of the Year" by American Bar Association Young Lawyers Division

September 10, 2018

Haynsworth Sinkler Boyd attorney Perry MacLennan has been named as a “Star of the Year” by the American Bar Association Young Lawyers Division (ABA YLD).

IRS Proposed Regulations Erode South Carolina Conservation Easement Tax Credit

August 30, 2018

On August 23, 2018 the Internal Revenue Service issued Proposed Regulations regarding the $10,000 cap on the deductibility of state and local taxes imposed under the Bipartisan Budget Act of 2018 (Code Section 164(b)(6)). 

The Wonderful Mr. Olds

August 16, 2018

Todd Olds owns and operates a commercial real estate company, Prime Properties of Charleston, LLC, which does business in Goose Creek, South Carolina. The City of Goose Creek imposes a business license tax on every person engaged in business within the City’s limits for the privilege of doing business within the City.

Tyler Gilliam Joins Haynsworth Sinkler Boyd

July 06, 2018

Haynsworth Sinkler Boyd is pleased to announce Tyler K. Gilliam has joined the firm and will be based in our Charleston office.

Three HSB Attorneys Named to Leadership Roles with SC Bar Young Lawyers Division

May 14, 2018

Mary Cothonneau Eldridge, Cameo Joseph, Kaitlin BeckThree Haynsworth Sinkler Boyd attorneys have been elected to leadership positions with the SC Bar Young Lawyers Division.

Haynsworth Sinkler Boyd Recognized as a Leading Firm in 2018 Chambers USA

May 08, 2018

Haynsworth Sinkler Boyd is pleased to announce that the firm has been recognized in the 2018 edition of Chambers USA: America’s Leading Lawyers for Business.

Tax Treatment of LLC Distributional Interests

May 07, 2018

A Member of a South Carolina Limited Liability Company can transfer the right to receive “distributions” from the limited liability company. This transfer of a “Distributional Interest” does not entitle the transferee to become or exercise any of the rights of a Member. The transfer entitles the transferee to receive, to the extent transferred, only the distributions to which the transferor would be entitled.

Haynsworth Sinkler Boyd Helps Grace Hill Move Headquarters to Greenville

April 02, 2018

Haynsworth Sinkler Boyd is excited to welcome our client Grace Hill to Greenville. The company is expanding existing operations in Greenville County and locating its corporate headquarters in the downtown area.

New 20% Deduction for Pass-Through Income

February 27, 2018

The new Tax Cuts and Jobs Act provides a 20% non-itemized deduction for “qualified business income” (business income received by an owner of a pass-through entity) beginning in 2018. 

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