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PRICE OF LLC MAY SET REAL ESTATE VALUE FOR TAX PURPOSES

Posted on in News, Real Estate
PRICE OF LLC MAY SET REAL ESTATE VALUE FOR TAX PURPOSES

Parties to real estate transactions frequently use the transfer of limited liability company membership interests instead of a deed to transfer ownership in the underlying real property. This may be done for a variety of reasons, including the avoidance of paying a conveyance fee. Historically, this method has also been used when the purchase price […]

YOU AUTO KNOW® – Risk of Loss

Posted on in Automotive/Transportation, News
YOU AUTO KNOW® – Risk of Loss

Scenario:  Mr. Jones takes delivery of his new vehicle. During the period of time when the title is being transferred to Mr. Jones, he is in a serious accident, and the vehicle is determined to be a total loss. Mr. Jones contacts you and states that the dealership is responsible for payment of the vehicle since […]

THE NUN WON – PROPERTY TAX EXEMPTIONS

Posted on in Business, News, Nonprofit, Real Estate
THE NUN WON – PROPERTY TAX EXEMPTIONS

A so-called “home for the aged” can apply for real estate tax exemption under Section 5709.12 of the Ohio Revised Code. More familiar names for these homes may be residential care facility or nursing home. One requirement for exemption is that the facility “provide services for the life of each resident without regard to the resident’s ability […]

NO SURPRISE: NO TAX-EXEMPT STATUS FOR MEDICAL MARIJUANA ORGANIZATION

Posted on in Business, News, Nonprofit
NO SURPRISE:  NO TAX-EXEMPT STATUS FOR MEDICAL MARIJUANA ORGANIZATION

The legalization and prescription of so-called “medical marijuana” is increasing on a state by state basis. In a recent IRS Private Letter Ruling (No. 201940008), the organization at issue sought to obtain 501(c)(3) tax-exempt status. The organization raised funds to assist individuals in financial need to help them pay for their prescribed treatment with medical marijuana. […]

YOU AUTO KNOW® – A WIN FOR THE GOOD GUYS

Posted on in Automotive/Transportation, News
YOU AUTO KNOW® – A WIN FOR THE GOOD GUYS

Recently, Ohio’s Ninth District Court of Appeals upheld the dismissal of a class action lawsuit against a dealer for several counts of the Ohio Consumer Sales Practices Act. The facts of the case are not unlike that in a routine lease transaction. The plaintiff leased a vehicle and executed a lease agreement. The lease agreement […]

THIRD DISTRICT ANSWERS ACCRUAL QUESTION IN NEW RIEGEL

Posted on in Appellate, News
THIRD DISTRICT ANSWERS ACCRUAL QUESTION IN NEW RIEGEL

On July 17, 2019, the Ohio Supreme Court held that the construction statute of repose, R.C. 2305.131, applies to breach of contract claims and tort claims so long as the damages at issue meet the criteria of the statute. See New Riegel Local Sch. Dist. Bd. of Educ. v. Buehrer Grp. Architecture & Eng. Inc., 2019-Ohio-2851 (2019). However, […]

WESTON HURD ATTORNEYS NAMED 2020 OHIO SUPER LAWYERS AND RISING STARS

Posted on in Business, Employment, Employment, Insurance, News
WESTON HURD ATTORNEYS NAMED 2020 OHIO SUPER LAWYERS AND RISING STARS

Congratulations to the following Weston Hurd attorneys named 2020 Ohio Super Lawyers and Ohio Rising Stars by Super Lawyers, a Thomson Reuters business.  Attorneys are selected using a patented multiphase process that combines statewide nominations, independent research, and peer evaluations to create a credible, comprehensive, and diverse listing. Kevin R. Bush Personal Injury General: Defense Carolyn M. Cappel Personal Injury […]