Blog | Ligon Business & Estate Law

Insights and Updates from Ligon Business and Estate Law's Legal Blog

What Records Should a South Carolina Business Gather for a Sales Tax Audit?

A South Carolina business facing a sales tax audit should gather its SCDOR notice, filed tax returns, sales reports, purchase invoices, exemption certificates, and supporting accounting records. The specific documents required depend on the audit's scope and the transactions being examined. Organizing South Carolina sales tax audit records early helps business owners identify reporting [...]

By |2026-10-26T23:15:47-04:00October 26th, 2026|

Who Can Run Your South Carolina Business If You Become Incapacitated?

If a South Carolina business owner becomes incapacitated, the person who can legally run the company depends on its ownership structure, governing documents, and existing authorizations. A spouse, employee, or business partner does not automatically receive every decision-making power simply because the owner cannot act. A business owner incapacity plan in South Carolina identifies who [...]

By |2026-10-21T03:39:54-04:00October 23rd, 2026|

Which Assets Need Attention When Funding a Revocable Trust in South Carolina?

Funding a revocable trust in South Carolina means coordinating asset ownership and beneficiary arrangements so property can be managed and distributed under the trust's terms. Real estate, bank accounts, investment accounts, and business interests may require different transfer procedures. Retirement accounts need particular care because they follow specialized tax and beneficiary rules. Signing a trust [...]

By |2026-10-14T10:11:37-04:00October 19th, 2026|

Does Your Out-of-State Estate Plan Need Updating After Moving to South Carolina?

Moving to South Carolina does not automatically invalidate an existing will or trust, but it is a good reason to review your estate plan. The review should address document validity, property ownership, beneficiary designations, health care instructions, and whether your chosen decision-makers can still carry out their responsibilities. Updating an estate plan after moving [...]

By |2026-10-16T05:10:11-04:00October 12th, 2026|

What Should a South Carolina LLC Operating Agreement Say About Deadlock?

A South Carolina LLC operating agreement should explain how owners resolve voting deadlocks, who can make urgent business decisions, and whether mediation or a member buyout is available. These provisions are particularly important for two-member LLCs, where disagreement can prevent decisions necessary to operate the business. Well-drafted South Carolina LLC deadlock provisions establish a [...]

By |2026-10-19T21:45:42-04:00October 5th, 2026|

What Happens to a Revocable Trust When the Person Who Created It Dies?

When the creator of a revocable trust dies, the trust usually becomes irrevocable and the successor trustee begins administering its assets according to the trust terms. Property titled in the trust generally can be managed and distributed without passing through probate, although taxes, debts, expenses, and legal requirements still must be addressed. A Revocable Trust [...]

By |2026-09-27T20:04:18-04:00September 30th, 2026|

Revocable Trust vs. Will: Which One Controls What Happens to Your Assets?

A revocable trust controls assets that have been properly transferred into the trust, while a will generally controls probate assets that remain in your individual name at death. Neither document automatically controls every asset because beneficiary designations, joint ownership, transfer-on-death arrangements, and other nonprobate transfers may determine who receives certain property. The key is [...]

By |2026-10-19T21:09:42-04:00September 23rd, 2026|

How Much Compensation Could I Recover With Legal Representation?

The amount you could recover with legal representation depends on your injuries, financial losses, available insurance, fault, evidence, and the law that applies to your claim. A lawyer cannot guarantee a specific settlement, but legal representation can help identify recoverable damages, document losses, evaluate liability, and negotiate from a better-informed position. Compensation may include [...]

By |2026-10-16T05:11:31-04:00September 16th, 2026|

What Happens If I Wait Too Long to Hire an Attorney?

Waiting too long to hire an attorney can weaken a claim by allowing deadlines to expire, evidence to disappear, and witnesses to become harder to locate. Delaying advice can also create mistakes in communications, documentation, insurance claims, and settlement decisions. The consequences of delaying legal representation depend on the type of case, jurisdiction, and facts [...]

By |2026-09-04T02:34:56-04:00September 7th, 2026|

How Quickly Should I Contact a Lawyer After an Incident?

You should contact a lawyer as soon as reasonably possible after an incident that could create a legal claim, especially when injuries, financial losses, disputed facts, or insurance issues are involved. Early legal advice can help preserve evidence, identify deadlines, and prevent avoidable mistakes. Knowing when to contact a lawyer matters because important records, photographs, [...]

By |2026-09-04T02:34:41-04:00September 1st, 2026|
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