Performing construction work for consumers in Ohio requires an understanding of and compliance with a variety of laws that govern consumer transactions, contracts, warranties, liens, disputes, and more. Awareness of the legal requirements and rights for contractors...
On December 7, 2023, a law legalizing the recreational use of marijuana in Ohio took effect. This new law permits adult consumers, without criminal penalty (under Ohio law) and within certain limitations, to: Purchase, use, possess, or transport marijuana and/or adult...
Real estate investment offers not only the opportunity to accumulate wealth in the pursuit of financial prosperity but also provides an avenue for philanthropy. For real estate investors with a charitable inclination, a Charitable Lead Trust (CLT) is a powerful tax...
The advent of the new year is a good time to review your estate plan or create one if you don't have one yet. An estate plan is a set of legal documents that specify how you want your assets, debts, and personal affairs to be handled after your death or incapacity. It...
The first step in Christmas shopping? Make a list of whom to shop for. You should approach the Corporate Transparency Act in the same way. Beginning in a few short weeks, the CTA will require beneficial owner reports to be filed within 90 days of forming a new LLC or...
Mergers and acquisitions are powerful tools in the corporate world, enabling companies to grow, diversify, or acquire new capabilities. However, the path to a successful M&A transaction is fraught with legal complexities and tax implications. Among the critical...
Navigating the dynamic landscape of entrepreneurship demands more than an innovative idea and hard work. To thrive in this competitive world, entrepreneurs must adopt a proactive approach to protect their ventures while fostering an environment conducive to growth....
Contracts are the glue of commerce and everyday life, providing a framework for agreements between parties. Unfortunately, not all contracts are honored as intended, leading to disputes that may require legal intervention. Below, I dive into the basics of breach of...
The IRS has recently announced its adjustments to the exemption amount for estate and gift taxes and the amount for annual exclusion gifts for 2024 due to the high rates of inflation. Here is a summary of the main points of the announcement by the IRS: The estate tax...
If you are considering selling your business and have not identified a buyer or want to potentially create a competitive bidding process, you should consider engaging an investment banking firm to facilitate the transaction. If you select the right investment banker,...
