Last week was the first in a series of three articles regarding divorce and the family business. In the first article we provided a basic introduction to identifying the type of business asset owned by either spouse. We also discussed the likely documentation that...
By Laura Englehart The federal Opportunity Zone program was created to incentivize new investment in low-income communities by providing tax incentives to individuals who invest unrealized capital gains in those underserved communities. The program seeks to create...
[UPDATED: August 4, 2021. Originally written by David Posteraro.] In 1961, worried that critics would savage his musical, ”Subways Are for Sleeping,” Broadway producer David Merrick turned to the phone book to find men with the same names as the daily newspaper...
We are now more than 18 months into the Jobs Act and given the nature of the pro-business tax environment today, it’s time for practitioners to dust off their Internal Revenue Code books and take a fresh look at IRC Sec. 1202. There may be significant benefits...
By Cary Zimmerman Recently, substantial attention has been paid to how the Opportunity Zone (“OZ”) program applies to direct investments in real estate assets, with many early adopters hustling to use the program to make such brick-and-mortar investments. But a common...
Most of us have been touched at some point in our lives by divorce. Often, this is a terribly chaotic experience for everyone involved. And this chaos can be easily magnified when there is a family business that is owned, in whole or in part, by one or both spouses....
When KJK Partner Jim Sammon’s cell phone rang one afternoon in early May, 2018, he expected it to be a client calling with a challenging new legal question. Much to his surprise, legendary Sports Illustrated writer Peter King was on the line, looking to get Sammon’s...
By David Posteraro Ohio-based International Watchman, Inc. sued Watching Time, LLC and others for infringement of its federally registered “NATO” mark. The federal district court in Cleveland held that Watching Time’s cancellation proceeding against the NATO mark was...
We live in a global economy, and companies operate in international marketplaces. As such, brands need to be aware of and monitor the increasing prevalence of gray market goods. Gray market goods – sometimes referred to as parallel imports – are genuine goods...
By David Posteraro Our earlier post, “Trade Secrets in Business Transactions,” focused on the role of lawyers, accountants and businesses in evaluating a target company’s valuable trade secrets. But generally, companies often underestimate both the significance of...