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 […]
Posted on
January 12, 2021
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In a prior advisory (Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation), we discussed Ohio’s recent enactment of its revised Corporation Law, which now permits the formation and operation of a “Benefit Corporation.” Use of the Benefit Corporation permits not only the pursuit of pecuniary gain, but also socially beneficial purposes, many of […]
Posted on
January 11, 2021
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Weston Hurd LLP is pleased to announce that JOSHUA M. MIKLOWSKI has been named a Partner of the Firm. Josh focuses his practice on insurance defense, insurance coverage, employment, and commercial litigation matters. Before joining Weston Hurd as an Associate in 2017, Josh served as career law clerk to U.S. District Judge Lesley Wells, asbestos […]
Posted on
January 6, 2021
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Historically and legally, for-profit corporations have been restricted in pursuing social goals because, generally, corporate leadership was fiduciarily obligated to pursue wealth for its owners and shareholders. With Governor DeWine’s signing of Senate Bill 21 on December 21, 2020, Ohio Corporation Law now permits the formation of a “Benefit Corporation” which can pursue both profit and beneficial […]
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 […]
Posted on
December 9, 2020
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Congratulations to the following Weston Hurd attorneys named 2021 Ohio Super Lawyers and Ohio Rising Stars by Super Lawyers, a Thomson Reuters business. Attorneys are selected using a patented multiphase process that combines peer nominations, evaluations, and professional achievements with third-party research to create a credible, comprehensive, and diverse listing of outstanding attorneys.
Weston Hurd LLP is pleased to announce that its Cleveland and Columbus offices are recognized in the U.S. News/Best Lawyers® 2021 “Best Law Firms” list in both national and metropolitan categories. According to U.S. News/Best Lawyers®, achieving a “Best Law Firms” ranking involves a rigorous evaluation process that includes the collection of client and lawyer evaluations as […]
Posted on
December 4, 2020
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Ohio’s General Assembly recently enacted two additional civil immunity provisions (House Bill 606 and House Bill 151) in connection with so-called “healthcare isolation centers” and “emergency medical services” in the context of COVID-19. A “healthcare isolation center” is a center monitored by the Ohio Department of Health caring for patients with COVID-19-related infirmities. Civil immunity from suit for these centers is […]
