Practice Area: Business

INC., LLC, PLC, HUH? THE BASIC STRUCTURES OF BUSINESSES

October 12, 2017

Over the next few newsletters, we will be doing a series on “The Basics” of a variety of things in our practice areas, including Trusts, Residential Real Estate Transactions, Probate, etc. In this Newsletter, we are starting with business structures and how they each differ from one another. Sole Proprietorship – A sole proprietor is […]


THE BASICS OF SECTION 1031 LIKE KIND EXCHANGES

February 2, 2017

Internal Revenue Code Section 1031 Like Kind Exchanges (LKE) can be incredibly beneficial upon the sale of income producing property, but are one of the most underutilized sections of the tax code. A LKE is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement […]


Insurers Beware—Pay-For-Performance Program Used to Support Punitive Damages In Bad Faith Claim

July 20, 2015

An eleven year old girl, K.N.T., was seriously injured in an ATV accident. The drivers of the ATV were uninsured, so K.N.T.’s mother filed an uninsured motorist claim with her own insurance provider, American Family. The American Family claims manager responsible for the claim denied it, citing an exclusion contained in a generic American Family […]


Resources For Small Business Owners

July 8, 2015

If you own a small business, you know that it can be difficult to manage the day-to-day operations of the business while also keeping up with all of the rules and regulations employers must follow.  Fortunately, there are many resources available to assist small business owners on many topics, such as: Employees: If you intend […]


EXIT STRATEGY – THE IMPORTANCE OF SUCCESSION PLANS FOR SMALL BUSINESSES

September 14, 2014

Developing a successful business is not easy – it takes years of hard work and dedication. However, in developing their business, many business owners neglect a key aspect of planning – their exit strategy. Some may think it is too difficult to develop, that they won’t need a plan for a few more years, or […]