Real Estate Developers, It’s Time to Get Personal with Your Investors
The reporting requirements of the new Corporate Transparency Act are in effect as of January 1, 2024. The Act presents a new administrative burden for most companies formed or doing business in the United States, and due to the common company structures of real estate developers, it may present a heavy hardship on them. The…
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Tax Credits for Rehabilitation of South Carolina Abandoned Textile Mills: What Expenses Qualify for Determining the Credit?
The textile industry dominated South Carolina manufacturing starting in the post-Civil War area, but largely collapsed in the late 20th century. A result was the abandonment of many former textile mill sites, resulting in blight. In 2008, South Carolina began to incentivize the rehabilitation and development of these sites by passage of the South Carolina…
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A Guide to South Carolina Tax Credits for the Rehabilitation of Abandoned Textile Mill Sites
Introduction After the collapse of South Carolina’s once robust textile industry, the state was littered with closed and abandoned textile mills. In 2004, the South Carolina Textile Communities Revitalization Act (the “Act”) was enacted with the purpose of incentivizing the renovation and rehabilitation of these sites, which were causing community disruption, hindered investment, the lowering…
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Wyche Recognized as 2022 “Best Law Firm”
GREENVILLE, SC – Wyche has been named a 2022 Tier 1 “Best Law Firm” in 15 practice areas by U.S. News – Best Lawyers®. The selection follows a rigorous evaluation process that includes client and lawyer evaluations, peer reviews, and review of additional information. Firms included in the 2022 “Best Law Firms” list are recognized…
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Tax Credits for Rehabilitation of Abandoned Properties in South Carolina Extended
Many developers of property in South Carolina are applauding the recent extension of tax credits available for the rehabilitation of abandoned properties under the South Carolina Abandoned Buildings Revitalization Act (S.C. Code Section 12-67-100, et seq.) to December 31, 2025. The Act was set to expire at the end of 2021. This is also great…
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Chambers USA Recognizes Wyche, P.A. as a Leading Law Firm
GREENVILLE, SC (May 21, 2021) – Chambers USA has recognized Wyche and 12 of its attorneys in the 2021 edition of Chambers USA: America’s Leading Lawyers for Business. The independent research conducted by Chambers and Partners is often referred to as the “gold standard” of lawyer ratings, delivering insight and analysis on the global profession…
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Wyche Names Matthew Couvillion and Josh Lonon Shareholders
Greenville, SC (November 1, 2019) — Wyche is pleased to announce that Matthew Couvillion and Josh Lonon have been named shareholders of the firm. Matthew Couvillion serves as the firm’s Corporate Practice Group leader and focuses his practice on transactional matters, with an emphasis on corporate law, tax, and tax exempt organizations. He has experience…
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