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43 chapters · 647 sections in this title.
S.C. Code Ann. § 39-57-10 Short title
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This chapter may be cited as the South Carolina Business Opportunity Sales Act.
S.C. Code Ann. § 39-57-20 "Business opportunity" defined; exceptions
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As used in this chapter "business opportunity" means the sale or lease of any products, equipment, supplies, or services which are sold to the purchaser for the purpose of enabling the purchaser to start a business, for which the purchaser is required to pay the seller a fee whic…
S.C. Code Ann. § 39-57-30 Written disclosure document required of seller; contents of document
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At least forty-eight hours prior to the time the purchaser signs a business opportunity contract, or at least forty-eight hours prior to the receipt of any consideration by the seller, whichever occurs first, the seller shall provide the prospective purchaser a written document, …
S.C. Code Ann. § 39-57-40 Surety bond or trust account requirements
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If the business opportunity seller makes any of the representations set forth in Section 39-57-20 (3), the seller must either have obtained a surety bond issued by a surety company authorized to do business in this State or have established a trust account with a licensed and ins…
