Increasingly in America, entrepreneurialism is about more than just making money. More and more businesses are trying to meld their pursuit of profit with a mission to make the world a better place. This trend has spurred the creation of ...

Tagged with: Corporate

Rice v. M-E-C Co. (Lawyers Weekly No. 002-185-17, 19 pp.) (Patrick Michael Duffy, J.) 2:17-cv-01274; D.S.C. Holding: Plaintiff’s assertions are sufficient to make out a prima facie case of personal jurisdiction over defendants who traveled to South Carolina, met with ...

Tagged with: Corporate

Rent-A-Center West Inc. v. South Carolina Department of Revenue (Lawyers Weekly No. 011-091-16, 14 pp.) (Aphrodite Konduros, J.) Appealed from the Administrative Law Court (Ralph King Anderson III, ALJ) S.C. App. Holding: Since a very small amount of the appellant-taxpayer’s ...

Tagged with: Corporate

St. Paul Mercury Ins. Co. v. American Bank Holdings Inc. (Lawyers Weekly No. 001-071-16, 26 pp.) (Niemeyer, J.) No. 15-1559, April 14, 2016; USDC at Greenbelt, Md. (Titus, J.) 4th Cir. Holding: A bank that faced a multi-million dollar default ...

Tagged with: Corporate

Zak v. Chelsea Therapeutics Int’l Ltd. (Lawyers Weekly No. 001-047-15, 43 pp.) (Keenan, J.) No. 13-2370, March 16, 2015; USDC at Charlotte, N.C. (Cogburn, J.) 4th Cir. Holding: The 4th Circuit revives a shareholder’s suit alleging a pharmaceutical company violated ...

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Carmax Auto Superstores West Coast, Inc. v. South Carolina Department of Revenue (Lawyers Weekly No. 010-005-15, 14 pp.) (Jean Hoefer Toal, Ch. J.) (Costa Pleicones, J., concurring in part & dissenting in part) Appealed from the Administrative Law Court (Carolyn ...

Tagged with: Corporate Taxation

Blue Star Rental & Sales, Inc. v. Ridge Environmental, LLC (Lawyers Weekly No. 010-136-14, 5 pp.) (Kaye Hearn, J.) Appealed from Aiken County (Robert Smoak, Jr., Special Referee) S.C. S. Ct. Unpub. Holding: Where an officer of a corporation filed ...

Tagged with: Corporate Unauthorized Practice of Law

Carolina Park Associates, LLC v. Marino The same people were involved in two companies: (1) CDM of Charleston, LLC (CDM), which held a second mortgage on the Carolina Park real estate development and (2) MDC of Charleston, LLC (MDC), which was a member of the limited liability company that owned Carolina Park (Carolina Park Associates, LLC).

Tagged with: Corporate Foreclosure Lis pendens Mortgages Real Property Tort/Negligence

In re Low Country Land, LLC S.C. Code Ann. § 33-44-601(7)(iv) gives a limited liability company member 90 days to contest the appointment of a receiver before the member is dissociated. In that 90-day time period, the LLC member can still exercise his authority as a member.

Tagged with: Bankruptcy Corporate Real Property valuation

Bowen v. Houser Even though shares of stock are the personal property of the plaintiff-shareholders, and even though any decrease in the market value of the shares is a direct loss to each shareholder’s personal property, a decrease in the value of all outstanding stock is in no way “separate” or “distinct” from the harm to the corporation that causes such a decrease.

Tagged with: Banks & Banking Corporate