On January 1, 2022, Ohio companies may adopt a “Series LLC” form. Think of it as a holding company structure, within only one entity. (To read Mike’s in-depth post on the Series LLC, click here) But will it catch on? Will it lead to the extinction of the popular...
After passing a $3.5 trillion budget resolution earlier this year, Congress tasked the House Ways and Means Committee with a monumental assignment: Come up with the money to pay for it! On September 13th, the House Ways and Means Committee Chairman introduced its...
The Occupational Safety and Health Administration (OSHA) issued an Emergency Temporary Standard (ETS) yesterday, compelling employers with 100 or more employees to either mandate COVID-19 vaccination or require face covering and weekly testing of their employees....
There are two primary types of assets a person can die with, a probate asset and a non-probate asset. When one dies with a probate asset, their family typically has no access to the asset until a probate court grants it to them. For instance, bank accounts are frozen,...
As we discussed in our most recent newsletter, although the SECURE Act eliminated the ability of most beneficiaries to “stretch” required minimum distributions from an inherited IRA account over their lifetimes, it did preserve this favorable payout option for certain...
I recently assisted a successful family business in transition from the senior generation to the next. The current owner had taken over from his father and had built the business into a profitable entity. As the business grew more and more family members became...
The SECURE Act, which was passed by Congress and made effective as of January 1, 2020, made substantial changes to the way Americans are able to save for retirement, and the way the planning considerations they now have to take into account when making beneficiary...
President Biden’s Executive Order Regarding Non-Competes On July 9, 2021, President Biden issued his Executive Order on Promoting Competition in the American Economy. The Order addresses issues that the President believes hinder “a fair, open, and competitive...
Not everyone agrees that bitcoin or cryptocurrency will someday replace fiat currency. But most tech-savvy people believe that (1) blockchain technology will have a huge impact on the securities and financial field, and (2) crypto assets will have value into the...
The Department of Labor has published guidance regarding COBRA assistance for unemployed workers under the American Rescue Plan Act of 2021. The DOL FAQ release is HERE. The ARP provides premium assistance to employees experiencing a reduction in hours or involuntary...
