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The Nelson Law Firm
South Carolina Tax Law Attorney

February 2017 Archives

How long does the probate process take?

The probate process is the process by which an estate is administered and property is transferred to the beneficiaries of the estate. If there is a will, the person who has died (often called the "decedent") is said to have died testate, and if there is no will, the person is said to have died intestate.

Member-Managed LLC vs. Manager-Managed LLC

One way limited liability companies ("LLCs") are classified, for state law purposes, is either member-managed or manager-managed. This classification clarifies who may legally bind the LLC. The easiest way to explain these concepts is to discuss what an LLC is not and therefore, why it is necessary to clarify who may act for and bind the LLC.

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