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business law
Tariffs and South Carolina Businesses: What You Need to Know and How Legal Counsel Can Help
Recent changes in U.S. trade policy have South Carolina businesses feeling the effects of rising tariffs. According to a WTLX report from August 7, 2025, the average tariff rate on imported goods has jumped from just 2% at the start of the year to nearly 17% in the present. This dramatic increase is sending ripples...
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“No Damages for Delay” Clauses Aren’t Always Ironclad in Construction Contracts
In the world of construction law, “no damages for delay” clauses are commonly used in contracts to limit liability. These provisions generally state that if delays occur, the affected party’s sole remedy is a time extension—not monetary compensation. However, a recent federal case highlights the important reality that these clauses are not absolute. Case in...
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Starting a Business in South Carolina: Key Considerations and Legal Guidance
Starting a business in South Carolina requires careful planning and a solid legal foundation to ensure compliance with local, state, and federal regulations. Whether you are launching a small startup or a large corporation, understanding the necessary steps and legal requirements will help set your business up for success. Essential Steps to Starting a Business...
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Legal Sen$e - The Floyd Law Firm PC
The Corporate Transparency Act impacts 32 million small businesses, effective January 1, 2024, nearly every legal entity incorporated or registered to do business in the United States will be required to report certain ownership information to the federal Financial Crimes Enforcement Network, or FinCEN. The Corporate Transparency Act is likely to catch small business owners...
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Legal Sen$e - The Floyd Law Firm PC
Corporate wrongdoing and financial malfeasance have been persistent challenges in the business world, affecting not only the workers but also the trust of the American public in corporations. In an effort to tackle these issues head-on and promote corporate accountability, the Department of Justice (DOJ) took a significant step forward on February 22, 2023, by...
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