According to Weston Hurd LLP partner Jay Nabors “If there’s one thing the pandemic taught us it’s the importance of estate planning,” including for expectant parents. Read more in “Estate Planning for Parents.” https://www.mimivanderhaven.com/articles/estate-planning-for-parents Contact Information Jay Nabors – jnabors@westonhurd.com – 216.687.3205
The subsidy of Small Business Administration (“SBA”) loan repayments offered by the CARES Act has been extended by the newly enacted Economic Aid to Hard Hit Small Businesses, Non-Profits and Venues Act (the “Act”). For existing SBA borrowers with currently serviced loans, the government will now pay principal, interest and fees for those loans for an additional […]
Ohio has adopted a modified Limited Liability Company law which becomes effective on January 1, 2022 for all Ohio LLCs and foreign LLCs doing business in Ohio (Senate Bill 276). One of the most important features of the new law is facilitation of the formation of so-called “series” LLCs. One benefit of a series LLC is that […]
On December 21, 2020, the United States Congress passed the Consolidated Appropriations Act, 2021 (the “Act”). President Trump is expected to sign the Act. Significantly, the Act specifies that business expenses paid with forgiven Paycheck Protection Program (PPP) loans are tax-deductible. This supersedes IRS guidance that such expenses could not be deducted if the taxpayer […]
In this article from the Probate Law Journal of Ohio, Karen Davey discusses the proposed legislation that expands the surviving spouse’s rights beyond the decedent’s probate estate, establishing the “augmented estate.” The article examines why Ohio needs this law and the status of the proposed law. Two controlling cases in Ohio Smyth v. Cleveland Trust […]
Scenario: An older person comes to the dealership and purchases a vehicle and takes delivery. A few days later, her daughter wants to speak to you and indicates that her mother was not capable of purchasing a vehicle and that the daughter has power of attorney. She wants the transaction unwound. What is the dealership to do? This scenario […]
According to Weston Hurd partner, James Nabors III, “Nobody can predict the future, and making sure your wishes are spelled out for those who may be handling your affairs is crucial.” Read more about estate planning in “Have You Been Delaying.” https://mimivanderhaven.com/articles/have-you-been-delaying
Late last evening, in a bold response to the crisis currently facing our country, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is extremely beneficial for small business of all sizes and includes unique provisions to help provide liquidity and to help businesses […]
