Posted In: Business Transactions & Corporate Counseling
Business Blog: Corporate Formalities Matter… Even for Limited Liability Companies
By Louis P. Alexander Jr. on June 3, 2020
In a recent case, the Court of Appeals for Ohio's Third District (Hancock County) permitted a plaintiff to pierce the veil of a single-member limited liability company. The court's analysis in this case has underscored the importance of observing corporate formality, even for single-member limited liability companies....
Posted In: Business Transactions & Corporate Counseling and Coronavirus Resource Page
Business Blog: Main Street Lending Program Provides Critical Support for Mid-Sized Businesses
By Louis P. Alexander Jr. on April 17, 2020
On April 9, 2020, the U.S. Federal Reserve Bank (Federal Reserve) released new details regarding the Main Street Lending Program. Once opened, the program will extend much-needed government support to mid-sized businesses....
Posted In: Business Transactions & Corporate Counseling and Tax - Business & Corporate
Business Blog: "Do you feel lucky?!" The Top 3 Trends in IRS Tax Audits and Compliance
By Shelby L. Ranier & Terry W. Vincent on March 11, 2020
Our "voluntary compliance" tax system has historically relied upon a certain level of enforcement (both civil and criminal) to strongly encourage that cooperation. Has the level of enforcement diminished to the point that the "audit lottery" favors the non-compliant taxpayer? We think not…...
Posted In: Business Transactions & Corporate Counseling and Coronavirus Resource Page
Business Blog: Is the Coronavirus a "Force Majeure" Event?
By Elizabeth G. Schultz Yeargin on February 26, 2020
With the coronavirus running rampant through China's industrial and manufacturing hubs, many cities within the country are on quarantine and have enforced mandatory plant closures. The threat of the virus has caused many U.S.-based companies to shift their normal supply chain activities from China to suppliers located in other parts of the world....
Posted In: Business Transactions & Corporate Counseling and Trusts & Estates
Business Blog: Before You Say "I Do" to Your Business Partner, Consider a Business "Prenup" - 5 Reasons You Need a Buy-Sell Agreement Today
By Elizabeth G. Schultz Yeargin on February 13, 2020
People often consider what can go wrong before exchanging their marriage vows. However, many do not address these same concerns when starting a company. What happens if your business partner unexpectedly passes away? Becomes permanently disabled? What do you do if your business partner wants to sell?...
