From commercial real estate transactions to shareholder disputes, trust Cobb Hammett for tailored corporate law counsel.

Corporate law attorney in Hardeeville, SC.

South Carolina has become a magnet for enterprise, hosting over 1,100 international firms. Perfectly situated between New York and Miami, our state boasts a deep-water port, bustling container terminals, and Charleston's international airport, all of which make it a gateway for worldwide commerce. Leading companies in automotive, aerospace, technology, and life sciences are increasingly choosing South Carolina as the place to launch or grow their operations.

Owning a business - whether it's a small storefront or a worldwide brand - can be incredibly rewarding. But those benefits come with many hurdles and legal challenges. At Cobb Hammett, our corporate law attorneys in Hardeeville, SC. work alongside business entities to minimize their risk and maximize their profit. Regardless of the size or corporate structure of your organization, we have the experience necessary to provide advice on a variety of business and legal issues.

Corporate-law-attorney

What is Corporate Law in South Carolina?

Corporate law, also known as company law, shapes the entire life cycle of a corporation, from its birth to its daily workings and pivotal moments like mergers, acquisitions, or winding down. It acts as a guiding framework, ensuring that companies play by the rules when it comes to structure, finance, governance, and a web of state or federal regulations, including securities, labor, and environmental standards. At its heart, corporate law orchestrates the interactions between the company, its shareholders, directors, other businesses, and the public, navigating a landscape of intricate transactions and legal responsibilities.

Corporate-Law-South-Carolina

The Role of Corporate Law Attorneys in South Carolina

Companies and corporations that operate in South Carolina have to abide by many regulations to minimize legal challenges, receive tax benefits, and more. Working with a corporate lawyer for guidance on these matters isn't just wise - it could be a pivotal decision that affects the life of your business.

Without great legal counsel from the start, business owners are exposed to a range of pitfalls, from poorly drafted agreements and intellectual property conflicts to regulatory missteps. Such mistakes may result in costly lawsuits or financial setbacks that proactive legal advice could have prevented.

Here are a few of the biggest benefits of retaining a corporate law lawyer in Hardeeville, SC:

Startup-Advice

Startup Advice

Partnering with a skilled business attorney from the outset allows entrepreneurs to confidently navigate the hurdles of launching a company. Early legal insight is especially crucial, as it lays down a solid framework that safeguards your interests far into the future.

Take, for instance, the decision around business structure—whether to form an LLC, sole proprietorship, partnership, or S corporation. Each path comes with its own set of liability protections and tax consequences. Making an informed choice at the outset can lead to long-term savings, minimize risks, and potentially insulate you from personal financial exposure.

Contract-Creation

Contract Creation and Enforcement

One frequent mistake that business owners make is misinterpreting contracts. This can cause unfavorable disputes or terms. Contracts help govern a range of business relationships, like:

  • Supplier Contracts
  • Employment Contracts
  • Independent Contractor Agreements
  • Client Agreements
  • Partner Agreements
  • Investor and Stakeholder Contracts
  • Consultant Agreements

Each contract your business enters into is shaped by the unique dynamics between you and the other party involved. For instance, agreements with customers specify deliverables and payment terms, while contracts with consultants or contractors detail the services to be provided and the schedule for compensation. An experienced corporate law attorney can tailor these documents to maximize your company's legal safeguards and minimize potential risks.

Intellectual-Property

Help Protecting Your Intellectual Property

Safeguarding your company's intellectual property, like trademarks, copyrights, and patents, requires specialized legal expertise. A corporate business lawyer not only helps secure these rights but also guides you through registration, enforces protections, and drafts strong licensing agreements to leverage your assets.

Spot-Manage-Risk

Spot and Manage Risk

The world of business is full of potential risks, from financial pitfalls to unexpected legal challenges. Effectively navigating these uncertainties is crucial for preserving your assets, maintaining stability, and ensuring long-term success. By working with a corporate law attorney, you gain a trusted advisor who can pinpoint legal vulnerabilities, recommend compliance best practices, and devise proactive strategies to minimize disputes and safeguard your investments.

Why Do Great Business Leaders Use Corporate Law Attorneys in Hardeeville, SC.?

At Cobb Hammett, we advise businesses on their legal rights, responsibilities, and obligations. We focus on a variety of challenges and legal issues across industries and represent businesses of all sizes. Our representation extends beyond technical legal advice; we also serve as trusted advisors and counselors, discussing the commercial and practical implications of business decisions.

In fact, business leaders trust our firm to handle many facets of corporate law, including:

Partner Disputes in South Carolina

A partnership forms when individuals unite to launch a shared business enterprise, pooling their resources and ambitions toward a common goal. Like any close collaboration, partnerships are not immune to conflict. Disagreements over money, hiring decisions, responsibilities, or other core business matters can surface. If unresolved, such disputes may erode profits or even threaten the future of the partnership itself.

Here are just a few reasons why business partners enter into disputes:

  • Breach of Contract
  • Interference with a Contract
  • Failure to Delineate Authority
  • Unfair Workload Distribution
  • Resource Use Disputes
  • Real Estate Disputes
  • Fraudulent Activity
  • Asset Division During Dissolution
  • More
Partner-Disputes

Resolutions to Partnership Disputes

A well-crafted partnership agreement that clearly outlines how disputes will be handled is essential for long-term success. If you require support in drafting this type of agreement or need help navigating a current conflict, our team is prepared to guide you.

At Cobb Hammett, we recognize that partnerships often intertwine business and personal dynamics, making disagreements particularly challenging. Our lawyers offer objective legal insight, working to facilitate resolutions between partners or, when necessary, assisting with a fair and orderly dissolution.

Serving as mediators, we aim to settle partnership conflicts amicably, avoiding litigation or court involvement whenever possible and helping to restore productive working relationships. However, if mediation does not lead to a solution, we are equipped to advocate for our client's interests through the litigation process.

Resolutions-Partnership

Complex Business Formation in South Carolina

Launching a new business or growing an established one comes with excitement and opportunity. Yet, beneath the surface, careful attention must be given to planning, particularly when it comes to choosing the right legal framework for your company. At Cobb Hammett, our business formation attorneys understand that emerging and growing enterprises benefit from experienced legal guidance. We leverage our business insights to help clients identify and implement the optimal structure for their specific goals.

A successful business starts with a structure designed to foster growth and financial stability, while also shielding owners from unnecessary risk if challenges arise. This is why working with a South Carolina business formation lawyer is so valuable—they offer strategic legal insight to safeguard your assets, reduce tax exposure, and position your business for long-term success.

Complex-Business

Business Formation Options Explained

Gaining a clear grasp of different business entity options is essential for choosing the right path. Every business structure brings its own set of features, benefits, and drawbacks. Our team specializes in crafting customized entity solutions to align with your distinct objectives.

Sole Proprietorships

A sole proprietorship stands out for its simplicity and low startup costs — just one person owns and manages the business, with no legal separation between personal and business assets. This ease of formation makes it a popular choice for small, lowrisk ventures. However, the owner assumes full personal responsibility for any business debts or liabilities, exposing personal assets to risk as the business expands or faces challenges.

Limited Liability Partnerships

A Limited Liability Partnership (LLP) lets professionals work together while protecting each partner from personal liability for others' mistakes. Partners share profits, and state laws vary, so expert legal advice is important.

Limited Liability Companies

The Limited Liability Company (LLC) stands out for combining strong personal asset protection with adaptable business operations. Members aren't usually personally responsible for company debts or legal claims, and LLCs offer a choice of tax treatments so owners can pick the setup that best fits their needs.

This flexibility and the simpler administrative requirements needed versus those at corporations make LLCs attractive to many small and medium-sized businesses. When it's time to draft an operating agreement, you should always consider working with a corporate law attorney in Hardeeville, SC., who can outline ownership structure, management responsibilities, and financial arrangements among members.

C Corporations

A C Corporation (C Corp) operates as an independent legal entity, distinct from its shareholders. With robust liability protection, this structure is especially attractive to businesses aiming for venture capital investment or a future public offering.

C Corps can attract significant investment by issuing stock to an unlimited number of shareholders, making them well-suited for large or publicly traded businesses. The tradeoff is double taxation: profits are taxed at the corporate level, and dividends are taxed again for individual shareholders.

Complying with a C Corp's intricate legal requirements calls for professional legal guidance. From holding board meetings and keeping detailed records to properly issuing stock, a South Carolina business attorney can help ensure all corporate formalities are met.

S Corporations

An S Corporation (S Corp) lets qualifying businesses pass profits and losses straight to owners' personal tax returns, avoiding corporate tax. This bypasses double taxation seen in C Corps, but S Corps face tight rules: no more than 100 U.S. shareholders and only one class of stock allowed. A business attorney can confirm your eligibility and handle IRS filings so your S Corp stays compliant.

Not for Profit Corporations

A not-for-profit corporation applying for 501(c)(3) status exists to serve charitable, educational, religious, or scientific causes, not to generate profit. Any extra funds are funneled back into the mission, not distributed to owners. Achieving 501(c)(3) recognition brings tax-exempt status and lets supporters claim tax-deductible donations. Setting up and maintaining a nonprofit involves complex legal steps, making experienced legal help invaluable.

The above is just a brief snapshot of how Cobb Hammett attorneys help form business entities. Some additional entities we help form include:

  • Joint Ventures
  • Professional Corporations (PCs)
  • Family Limited Partnerships (FLPs)
  • Limited Partnerships
  • Business Succession Plans

Top 5 Ways Corporate Law Attorneys in Hardeeville, SC. Assist Business Owners After Registration

It's a common misconception that legal worries end after forming a company. In reality, this is when having a business lawyer's proactive advice becomes most crucial. A business attorney serves as a trusted advisor, steering you through South Carolina's legal maze and shielding your company from costly disputes, liabilities, and operational setbacks.

Here are just a few ways that Cobb Hammett can help you thrive after forming your business entity:

Corporate Compliance and Governance

Once your business is registered, it has to adhere to South Carolina requirements and rules. Your corporate law attorney will help:

  • Draft Operating Agreements and BylawsThese documents are foundational and define the roles of shareholders, officers, and directors.
  • Maintain RecordsHold meetings and notate minutes to circumvent legal concerns that may pierce your corporate veil.
  • State ReportingYour business lawyer will help ensure you meet filing requirements with agencies like the South Carolina Secretary of State.
Corporate-Compliance

Reviewing and Drafting Contracts

Having well-drafted contracts means you have a solid bedrock of success. Your Cobb Hammett corporate law lawyer in Hardeeville, SC. will create and review documents such as:

  • Customer and Client ContractsWe'll define payment schedules, liability limits, and scope of work.
  • Supplier and Vendor AgreementsTerms should be favorable, and your obligations should be clear.
  • Draft NDAsNon-disclosure agreements protect your company's competitive advantage and intellectual property.
Reviewing-Drafting

Overseeing Dispute Resolutions and Business Litigation

In business, disputes are an unfortunate but common occurrence. From disagreements with vendors, competitors, or clients, your corporate law attorney acts as an unflinching advocate on your behalf by:

  • Negotiating Business SettlementsYour lawyer will work to resolve issues effectively and out of court, whenever possible.
  • Mediation and ArbitrationSometimes, using alternative resolution methods is a better way to come to a solution without going to trial.
  • Litigation RepresentationIf a settlement can't be reached, your business lawyer will represent you in a court of law.
Overseeing-Dispute

Creating Partnership and Shareholder Agreements

When a business has more than one owner, a clear agreement is essential to head off disagreements down the road. An attorney can craft a document that covers:

  • Buy-Sell AgreementsDraft a fair outline of what happens when one owner wants to leave the business or can't work for the business.
  • Voting Rights & OwnershipYour lawyer will clearly define every owner's stake and the limits of their decision-making power.
  • Distribution of ProfitsThis document outlines how and when losses and profits are allocated to owners.
Creating-Partnership

Guidance on Mergers and Acquisitions

As your business expands, opportunities to acquire other companies or merge with partners may arise. Because these deals involve intricate legal details, having an attorney's guidance is crucial to prevent expensive errors. A Cobb Hammett corporate law attorney in Hardeeville, SC. can help with:

  • Deal StructureYour lawyer will advise you on the most effective and beneficial tax and legal structure for business transactions.
  • Due DiligenceWe'll investigate target companies to reveal hidden risks and liabilities.
  • Draft Negotiating AgreementsWe'll compose and review any final purchase or merger agreements necessary.
Guidance-Mergers

Don't see the corporate law service you need? At Cobb Hammett, we help businesses of all sizes with a wide range of other corporate law needs, including:

  • Stock Offerings
  • Securities
  • Project Finance
  • Local Counsel Opinions
  • Shareholder Agreements & Disputes
  • Operating Agreements
  • Choice of Entity
  • Debt Review & Banking Needs
  • Commercial Real Estate Lease Drafting, Review, & Negotiation for Landlords or Tenants
  • Real Estate Disputes
  • Succession Planning
  • More

Cobb Hammett: The Trusted Choice for Corporate Law Attorneys in Hardeeville, SC.

Business and corporate deals drive South Carolina's economy, with countless transactions taking place every day. Because corporate structure is so critical, many companies turn to seasoned South Carolina corporate attorneys for guidance and support. At Cobb Hammett, we partner with businesses to reduce risk and boost profitability. No matter your company's size or structure, our experience equips us to advise you on a wide range of legal and business matters.

We understand the importance of proper execution and air-tight contracts, and we work to ensure that these issues are addressed with your specific goals in mind. If you need to navigate complex corporate matters, we're here to help. Call our corporate law office in South Carolina today to discover the Cobb Hammett difference.

What Our Clients Say

What Our Clients Say

review-image

Get In Touch With Us

Phone

843-396-8072

Address

222 West Coleman Blvd.Mt. Pleasant, SC 29464

Follow Us

fb-icon insta-icon x-icon yt-icon

Latest News in Hardeeville, SC

Hilton Head, Hardeeville exits to improve in I-95 widening. Here are the plans

Hardeeville’s Exit 5 and Hilton Head Island’s Exit 8 are being reconfigured as part of the most expensive contract in the South Carolina Department of Transportation’s history,SCDOT is undertaking the herculean task of widening Interstate 95, the major east coast roadway shuffling drivers between Maine and Miami. The interstate will widen from two to three lanes in a $825 million project expected to be completed by 2030.The scope will extend from the Savannah River northward to approximately one mile beyond th...

Hardeeville’s Exit 5 and Hilton Head Island’s Exit 8 are being reconfigured as part of the most expensive contract in the South Carolina Department of Transportation’s history,

SCDOT is undertaking the herculean task of widening Interstate 95, the major east coast roadway shuffling drivers between Maine and Miami. The interstate will widen from two to three lanes in a $825 million project expected to be completed by 2030.

The scope will extend from the Savannah River northward to approximately one mile beyond the U.S. 278 interchange to Hilton Head Island. Fourteen bridges will be replaced, and the Exit 8 interchange will be reconfigured into a new, increasingly popular type of roadway designed to keep traffic flowing and reduce collisions.

The upgrades are designed to reduce bottlenecks through the Hardeeville zone, currently one of the worst rural interstates for freight mobility, a 2021 SCDOT I-95 feasibility report found.

In the short-term, however, more traffic headaches are possible. Craig Winn, the SCDOT Program Manager for the Lowcountry, said the current two lanes of traffic will be kept open — at least during peak hours.

“We do lane closures a little bit differently than other states. We do have restrictions on our primary routes, our interstate systems, where there’s only certain periods of time where the contractors can actually close lanes down,” Winn said.

Hilton Head’s Exit 8 is being reconfigured into what is called a “diverging diamond interchange,” which looks a bit like shoelaces tied into several knots.

Although they might look complex from a birds-eye view, SCDOT said diverging diamonds can be a “game changer” for high-traffic areas.

This new-style intersection improves traffic flow by eliminating the need for drivers to make left turns across oncoming traffic. Instead, it temporarily shifts drivers in both directions to the opposite sides of the road. Clear signage, pavement markings and traffic signals help guide drivers through the roadway.

“Over the past few years, multiple interchanges throughout the state have been converted to DDIs and helped to reduce conflict points with crossing traffic,” SCDOT said in a Facebook post.

Once the project is finished, a driver leaving Hilton Head on U.S. 278 going to I-95 southbound will approach a traffic light. When the light is green, the driver will cross the intersection and be in what would conventionally be the eastbound lanes. The driver can then make a left turn directly onto the I-95 southbound on-ramp.

Similarly, eastbound U.S. 278 traffic, on a green light, will cross over to the westbound lanes and merge onto northbound I-95, eliminating the need for separate left-turn signals. Drivers who want to remain traveling east or west on U.S. 278 will encounter another traffic signal. If the light is green, they will be funneled back to what is considered the “normal” side of the highway.

The Exit 8 project also involves eliminating the intersection at Medical Center Drive, which provides access to hotels, restaurants and Novant Health’s Coastal Carolina Medical Center. SCDOTs plans show the intersection will be moved approximately one-fifth of a mile to Dolnik Drive.

A traffic circle will be built where this new road connects to Brickyard Road, allowing drivers to head west, looping back to the shops, hotels and hospital and apartments currently under construction.

At Purrysburg Road just over the state border with Georgia, the city of Hardeeville will build a new interchange with I-95, Exit 3. In a September interview, SCDOTs Winn said he did not have a build date, but was expecting to seek bids at the end of the year.

SCDOT plans show that Exit 3 will also likely be a DDI.

Hardeeville, which has experienced growth as a major shipping and logistics hub, will see some modifications to Exit 5. SCDOT plans to change the off-ramps from the interstate so that they end at a traffic signal, instead of forcing drivers to yield to traffic from U.S. 17.

A new frontage road connecting to U.S. 17 will also be built farther away from the interchange, plans show. The road will direct traffic behind gas stations, restaurants and fireworks stores.

Hardeeville’s growth is driven by the area’s proximity to the Savannah Ports, I-95 and rail lines. Millions of square feet of logistics and manufacturing space are quickly appearing along the U.S. 17 corridor; the South Atlantic Logistics Terminal alone will span over 800 acres and is planned to include as much as 6 million square feet of warehouse and industrial space upon completion, breaking ground in November 2024.

More large fulfillment centers means more truck traffic, and the new traffic signals are designed to offer some relief.

Big upgrades coming to Argent Blvd. Here’s what that means for Beaufort & Jasper drivers

It’s no secret that Hardeeville is booming.Located about 20 miles from Hilton Head Island, this once quaint and quiet South Carolina city was noted as one of the fastest growing municipalities last year – and the construction popping up across town makes it clear why.From new neighborhoods and multi-use developments to a Buc-ee’s and major statewide projects like Interstate 95 improvements, Hardeeville is starting to shed its small-town image and staking a claim on the map.But amid these other big-ticke...

It’s no secret that Hardeeville is booming.

Located about 20 miles from Hilton Head Island, this once quaint and quiet South Carolina city was noted as one of the fastest growing municipalities last year – and the construction popping up across town makes it clear why.

From new neighborhoods and multi-use developments to a Buc-ee’s and major statewide projects like Interstate 95 improvements, Hardeeville is starting to shed its small-town image and staking a claim on the map.

But amid these other big-ticket projects, smaller but critical improvements are also underway on Argent Boulevard, a key connector road linking Beaufort and Jasper Counties’ major routes, S.C. 170 and U.S. 278.

While this two-lane road may not seem like much, it’s classified as a major collector, carrying up to 14,800 vehicles per day, according to a 2023 traffic study by Kimley-Horn, a national engineering and design consulting firm.

To accommodate the city’s rapid growth and improve safety and traffic flow, construction began to improve this corridor in September, aiming to keep the road – and the city – moving forward.

Here’s what folks can expect as this project continues and what upgrades it will bring to this major connecting road.

Why is the construction needed?

The main focus of this $6.6 million project on Argent Boulevard happens at the intersection of Short Cut Road and Jasper Station Road.

Currently, Short Cut Road does not line up with Jasper Station Road, where both approach the busy corridor. Because of this offset intersection, the South Carolina Department of Transportation has been unable to install a traffic signal there, said Josh Gruber, city manager for the City of Hardeeville.

Without those roads being aligned, the SCDOT can’t install a traffic signal.

To solve this, the City of Hardeeville is realigning Short Cut Road, shifting it slightly south so it lines up cleanly with Jasper Station Road.

As folks travel through, the ongoing tree clearing, groundbreaking and cone placements at this intersection reflect this planned shift.

Once the city completes the realignment, which is set to conclude by June 2026, SCDOT will install a fully signalized four-way intersection, easing the flow of traffic and making it easier for drivers to cross or turn in a given direction.

What drivers can expect

Drivers should expect ongoing work in the area, largely occurring in the evenings, to minimize traffic impact.

This schedule will continue until the city completes the realignment. Afterward, SCDOT will follow with the installation of the traffic signal equipment, but a specific timeline for that portion has not yet been released.

Another traffic signal coming to Argent & U.S. 278

In addition to the Short Cut Road improvements, Gruber confirmed that SCDOT is moving forward on a new signal at the intersection of Argent Boulevard and U.S. 278.

While also in early stages, he states that the SCDOT recently put that project out to bid to select a contractor. Once that step is complete, construction on that light will follow.

Once both projects are finished and the signals are installed, drivers are expected to have a much safer and more efficient travel through the corridor – something local residents have long requested.

No widening of Argent this time around

As the city continues with its piece of the project to realign the roads, one aspect that remains open is whether lane widening will take place.

As a part of this project with road realignment and light installation, Gruber clarified that Argent Boulevard will not be widened.

“We’re still at the very beginning of what that entire corridor improvement is going to look like,” he said.

Any future changes to the broader Argent corridor fall under the new Jasper County Transportation Sales Tax program, which only began collecting this year. Surveys and feasibility studies are still needed due to the wetland areas surrounding Argent, meaning that there’s still a lot to uncover about what’s going to be possible in terms of improvements, Gruber states.

What other projects are happening in Hardeeville?

A handful of other projects are currently taking place in the Hardeeville area, ranging from road updates, new developments and more.

Notable construction that folks will see stretching from Argent Boulevard, down to Exit 8 on I-95 includes:

650 new single-family homes coming to growing community near Hilton Head

More than 650 new homes are coming to the Lowcountry after a Georgia-based developer acquired land in growing areas.Trilogy Investment Co., an investor and residential real estate developer based in Alpharetta, Georgia, said that it plans to deliver home sites to homebuilder NVR, Inc. through its land development platform, Tierra Development. NVR will then build hundreds of homes on Trilogy’s two new Lowcountry properties, both in Jasper County.“By identifying high-quality land opportunities and aligning with except...

More than 650 new homes are coming to the Lowcountry after a Georgia-based developer acquired land in growing areas.

Trilogy Investment Co., an investor and residential real estate developer based in Alpharetta, Georgia, said that it plans to deliver home sites to homebuilder NVR, Inc. through its land development platform, Tierra Development. NVR will then build hundreds of homes on Trilogy’s two new Lowcountry properties, both in Jasper County.

“By identifying high-quality land opportunities and aligning with exceptional builder and capital partners, we are helping deliver much-needed housing supply in the southeast while driving strong outcomes for our investors,” Jason Joseph, CEO and managing partner of Trilogy, said in a press release.

The two Jasper County projects

The first project, which is currently under construction, will include 414 homes in a Hardeeville development called Heron Pointe, south of Interstate 95 and east of Speedway Boulevard. Work is underway on phase one, which will include 174 homes, Trilogy said. Construction on phase two is expected to begin next summer.

Jasper County property records show that Trilogy purchased the 118-acre site for about $6.8 million in June of this year. The land is currently valued at about $3.2 million, records show, and phase one of the project is financed by Charlotte-based Harvest Capital through an acquisition and development loan, Harvest Capital said on its website.

The second project, called East Argent, is part of a project billed as the largest residential development in the history of Hardeeville. Trilogy said in its press release that the project is in Bluffton, but it is technically in Jasper County near the Beaufort County border.

East Argent is a Planned Development District (PDD) put in place by the city of Hardeeville in the early 2000s. It will include homes, apartments, commercial space and a new YMCA, which broke ground earlier this year. A 312-unit apartment complex, Waterford Pointe Apartments, is scheduled to come online in 2027, and Publix owns a 17-acre site in the southwest corner of Highway 170 and East Argent Parkway, records show.

D.R. Horton is developing a 245-acre, 630-home resort-style community in East Argent called The Retreat.

Trilogy’s 92-acre property sits in the northeast corner of Jasper Station Road and East Argent Parkway, across from Heartwood Community Preschool. Records show a sale date of Sept. 12 and a price of $10.

The area’s housing and population growth

Jasper County’s housing stock is growing faster than anywhere else in the U.S. The county’s housing stock grew by 8.4% between 2023 and 2024, according to the U.S. Census Bureau. Hardeeville’s population jumped from about 7,000 residents in 2020 to 13,000 by 2024, making it the fastest-growing municipality in the state.

The new Carolina Station development off U.S. 278 is expected to bring 3,800 homes to Hardeeville, plus recreational areas and commercial space.

Florida lawsuit alleges builder of Hardeeville development misled homebuyers on taxes

The developer behind a brand-new residential community in Hardeeville is being sued in Florida for allegedly lowballing buyers on their total monthly costs.Texas-based D.R. Horton is being sued by five plaintiffs for allegedly giving buyers quotes that were lower than their payments. The plaintiffs allege that D.R. Horton and its mortgage arm, DHI Mortgage (DHIM), knowingly suppressed anticipated property tax estimates, leading to monthly payments that were actually about $1,000 more than initially laid out.One plaintiff, Frank...

The developer behind a brand-new residential community in Hardeeville is being sued in Florida for allegedly lowballing buyers on their total monthly costs.

Texas-based D.R. Horton is being sued by five plaintiffs for allegedly giving buyers quotes that were lower than their payments. The plaintiffs allege that D.R. Horton and its mortgage arm, DHI Mortgage (DHIM), knowingly suppressed anticipated property tax estimates, leading to monthly payments that were actually about $1,000 more than initially laid out.

One plaintiff, Frankie Santiago, said he was promised a $2,164.68 monthly payment by the company, but ended up paying $3,136.33 less than a year after closing when a new servicer conducted an escrow analysis. The four other plaintiffs said they were promised a $2,602.47 monthly payment; they paid $2,597.84 for almost two years, but after an escrow analysis that payment increased to $3,439.07.

In the lawsuit, the plaintiffs argued that D.R. Horton and DHIM knowingly misrepresented the actual monthly costs. Through a spokesperson, D.R. Horton said the allegations are untrue.

“D.R. Horton and DHI Mortgage strongly disagree with the claims made in the lawsuit, and we intend to vigorously defend against them,” spokeswoman Jessica L. Hansen said in an emailed statement. “D.R. Horton and DHIM have been, and will continue to be, unwavering in our commitment towards transparency with our customers.”

D.R. Horton bills itself as the largest homebuilder in the U.S., and has a sizable presence in the Lowcountry and the rest of South Carolina. The company is building the new Carolina Station development in Hardeeville, a planned 2,600 acre mixed-use community designed to usher a new wave of buyers into the growing city. It is also one of the contractors in a statewide program designed to build more workforce housing.

The company focuses on starter homes, move-ups, active adult and luxury houses. Homebuilding operations accounted for 92% of the company’s consolidated revenues in 2024; the company has homebuilding operations in Hilton Head, Charleston, Columbia, Myrtle Beach and Greenville/Spartanburg, according to its 2024 annual report.

This is not the first time D.R. Horton has faced legal trouble. In January, the State newspaper reported that about 60 lawsuits were filed against the company in Richland, Lexington and Horry counties, alleging major flaws in D.R. Horton-built homes.

The lawsuit comes at a time when many Americans are concerned about housing costs.

Goldman Sachs analysts found that the U.S. home price-to-income ratio is 4.42, higher than its peak of 4.1 in 2006 during the early 21st century housing boom. The average monthly mortgage payment has gone from less than 20% of a potential buyer’s income before the pandemic to more than 30% since 2022.

Mortgage rates hit a 20-year high in 2022 and have sustained ever since, the financial firm said. The 30-year fixed mortgage rate was 6.22% on Nov. 6, lower than this time last year, but significantly higher than 3.87% ten years ago and 3.11% as recently as December 2021, according to Freddie Mac.

The Federal Reserve lowered interest rates by a quarter of a percentage point in September. Some experts said it could lead to a feeling of financial flexibility among consumers, but mortgage rates and interest rates don’t go hand in hand.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.

lm-MRM-sign

Service Areas