There are several laws in Charleston that affect local businesses. If your company operates in Charleston, it must be aware of these laws and ensure compliance with them. Often, obtaining leases and busines permits must be completed first before you may open for business. Structuring your business in Charleston also poses unique considerations.
Business Transactions in Charleston
A business must be aware of local business laws in Charleston in order to contract with individuals and local companies. Contracts provide a business with reliability in its transactions as well as serving to avoid possible business disputes in the future. However, contracts should be drafted with sensitivity to local Charleston and South Carolina law. There are specific requisites of a valid business contract in Charleston, and if they are not met, the document may be found to have no effect. Also, the field of contracts carries its own unique language, which can be difficult to interpret. Parties to contracts also occasionally breach their contractual duties. In Charleston, breaches of contract are often settled in the local court.
Business Structure in Charleston
For a business starting in Charleston, there are a some available business structures that you will want to know about. Sole Proprietorships, Partnerships, Corporations and LLC's are among the options. Each of these business structures has its own advantages and disadvantages in Charleston, and deciding which structure is right for your business can be difficult. Local law must also be followed in dissolving a business. Lawyers in Charleston can help you in this process.