Timely Opportunities
Updates
Business Law
Tax-free Divisions of Controlled Corporations
Breaking up a corporation with subsidiaries can be hard to do. However, with the right legal help, you might be able to split apart your corporate group without any dire tax consequences to the companies or the shareholders. Background: If a parent-subsidiary group of corporations meets the requirements of Section 355 of the tax code, […]
General Litigation
What to Expect in a Deposition
Let’s say you’ve been summoned to give a deposition. It might send shivers up your spine, but it may be the one time you can tell your story. Only there’s no judge, no jury. A deposition is a strategic tool that lawyers on both sides use to dig for the facts before a case goes […]
Timely Opportunities
Should You Include I Bonds in Your Investment Portfolio?
Inflation has been heating up and is expected to continue at least into the fall, possibly longer. Where does this forecast leave nervous investors? A well-balanced portfolio is often considered to be the best defense. One hedge you might add to your mix is an investment in U.S. Series I bonds. After all, the “I” […]
Timely Opportunities
Take a Proactive Approach to Thwart Cyberattacks
The average cost of a data breach has risen to a record high, according to a new study by the independent research firm Ponemon Institute. The study found that the global average cost grew from $4.24 million per incident in 2021 to $4.35 million in 2022, an increase of roughly 2.6%. Moreover, the global average […]
Intellectual Property
Patents Versus Trade Secrets
Let’s say you or your company has come up with a blockbuster innovation and you’re planning to market it. But you want legal protection so your invention won’t be stolen. There are two primary ways to protect your potential moneymaker: A trade secret or a patent. Patent Standards Does your invention meet these four high standards […]
Employment Law
Manage Risks When Terminating an Employee
Terminating or disciplining an employee is fraught with legal, compliance and safety issues. In the worst case scenario, violence can occur. When workplace “violence comes from an employee or someone close to an employee, there is a much greater chance that some warning sign will have reached the employer in the form of observable behavior. […]
Timely Opportunities
FAQs about Disclaiming a Gift or Bequest
For federal gift and estate tax purposes, an individual who’s entitled to receive a gift or bequest (inheritance) is presumed to accept the gift or bequest unless it’s expressly disclaimed (refused). For purposes of this article, we’ll call the person who’s entitled to receive the gift or bequest the “intended donee.” Possible Scenarios for Disclaimers […]
Timely Opportunities
New Rules for EV Tax Credits under the IRA
You’ve probably heard that the newly enacted Inflation Reduction Act of 2022 (IRA) includes a package of measures to fight climate change, including tax incentives for both consumers and businesses. Among other things, the law extends and revises a tax credit for buying a “clean vehicle” through 2032. This was previously referred to as the […]
Business Fraud Prevention