Related News & Posts
Haynsworth Sinkler Boyd Elects New Shareholders
December 30, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that Tyler K. Gilliam and Jonathan D. Klett have been elected as Shareholders in the firm, effective January 1, 2025.
41 Haynsworth Sinkler Boyd Attorneys Named 2024 “Legal Elite”
August 08, 2024
Haynsworth Sinkler Boyd, P.A. is pleased to announce that 41 of our attorneys have been named 2024 “Legal Elite” by Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine.The Corporate Transparency Act – New Federal Requirements Effective January 1, 2024
January 03, 2024
Important Update:
12/27/24: On December 26, 2024, the United States Court of Appeals for the Fifth Circuit vacated its own stay of the nationwide injunction. Thus, Reporting Companies are not obligated to comply with the Corporate Transparency Act at this time. We will continue to provide updates on this issue.
12/26/24: On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the nationwide injunction prohibiting the enforcement of the CTA. Thus, Reporting Companies are once again obligated to comply with the Act. Fortunately, however, FinCEN extended the January 1, 2025 deadline for reporting companies to January 13, 2025.
12/3/24: A nationwide preliminary injunction has been issued prohibiting the enforcement of the CTA and the required reporting filed thereunder. This means companies are not currently required to comply with the January 1, 2025 reporting deadline. However, an appeal has been filed by the Department of Justice so the injunction could be lifted or amended at any time. Therefore, we recommend continuing to gather the information needed to complete the report as if the January 1, 2025 deadline were still in effect. It is optional whether you want to go ahead and voluntarily file the BIO report or wait for further court action.
Who is required to file a report?
Beginning January 1, 2024, the Corporate Transparency Act (CTA) imposes significant new reporting requirements on a broad range of corporate entities. With certain exceptions, any domestic entity created by the filing of a document with a secretary of state or any similar office (which would generally include corporations, limited liability companies, limited partnerships, and limited liability partnerships) is a reporting company subject to the reporting requirements. Most “small” entities will be reporting companies. The CTA also applies to foreign entities registered to do business by the filing of a document with a secretary of state or any similar office.
TO BUILD A POND: Does it impact your agricultural use exemption?
December 16, 2022
A landowner inherited a family timber tract located in Charleston County originally purchased by their grandfather as a timber investment property in 1936. Since that initial purchase, the family, through three (3) generations, has managed the property for timber production.Haynsworth Sinkler Boyd Recognized as a 2023 “Best Law Firm” by U.S. News – Best Lawyers®
November 03, 2022
Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2023 “Best Law Firms” rankings for the 13th consecutive year.Haynsworth Sinkler Boyd Recognized as a 2022 “Best Law Firm” by U.S. News – Best Lawyers®
November 04, 2021
Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2022 “Best Law Firms” rankings for the 12th consecutive year.The Limitations of SC’s New Affordable Housing Tax Credit
September 01, 2021
Enacted last year, the South Carolina Workforce and Senior Affordable Housing Act is garnering attention from developers.
Agricultural Rollback Taxes Rules Have Changed
October 20, 2020
Effective January 1, 2021, rollback taxes on real property converted from agricultural use to some other use will be imposed in the year of change in use and the three (3) preceding years.Property Tax Relief Available for Those Who Missed the January 31st Filing Deadline
September 01, 2020
The sale of real property and certain other transactions in South Carolina subjects the real property to a reassessment for ad valorem property tax purposes (an “assessable transfer”). This reassessment of real property can create a significant increase in the value of the property for ad valorem property tax purposes if the property had been held by the seller for a long period of time at a much lower value.
77 Haynsworth Sinkler Boyd Attorneys Recognized by Best Lawyers
August 20, 2020
Haynsworth Sinkler Boyd is proud to announce that Best Lawyers®, a legal peer-review guide, has selected 77 attorneys for inclusion in The 2021 Best Lawyers in America©, including eight attorneys as “Lawyer of the Year” and seven attorneys as “Ones to Watch.”
