On November 7, 2023, Ohio voters passed An Act to Control and Regulate Adult Use of Cannabis (the Act), making Ohio the 24th state to legalize recreational adult use of marijuana. While Ohio and its Department of Commerce is far from retail sale or distribution of...
Articles
Limited in Name but Not in Tax? U.S. Tax Court Increases Tax Liability for Limited Partners
Certain limited partners in venture capital and private equity will likely see an increase in their tax liability due to a recent U.S. Tax Court decision. Generally, partners in a partnership and members in a limited liability company (LLC), taxed as a partnership,...
Validity of Handwritten Wills in Ohio: Insights from Aretha Franklin’s Case
During a two-day trial last summer, a Michigan jury concluded that a handwritten note penned by Aretha Franklin in 2014, found in a drawing book beneath sofa cushions in her home, holds legal validity as a will. The jury determined that this 2014 document was...
NLRB Makes Good on Its Promise to Challenge Non-Competes
In her Memorandum issued on May 30, 2023, General Counsel Abruzzo announced her belief that non-competes should be discouraged, if not outright prohibited, as they chill employees’ rights to concerted activity in violation of Section 7 of the National Labor Relations...
IRS Increases 2024 Federal Estate Tax Exemption and Gift Tax Exclusions: Key Points for Taxpayers
Introduction Estate planning is a lot like putting together a puzzle. The client provides you with their box lid showing what they want the ultimate result of their plan to look like. Then, estate planners are tasked to identify and gather the various pieces and put...
Building a Culture of Workplace Safety: Insights from a Labor & Employment Attorney
Key Takeaways Building a culture of workplace safety requires a holistic and sustained effort, involving all employees, proper training, and a commitment to transparency and improvement. In this current landscape, ensuring a secure and hazard-free environment is not...
NLRB Targets Non-Competes in Ohio
The National Labor Relations Board (NLRB) has been on a mission to curtail the use of non-compete and related restrictive agreements in employment contracts across the United States. The federal agency has continued its crusade in Ohio by virtue of a recent action...
FinCEN Proposes to Extend Filing Deadline for Beneficial Ownership Information in 2024
Key Takeaways The Financial Crimes Enforcement Network (FinCEN) issued a proposal to amend the beneficial ownership information (BOI) reporting rule, which would extend the deadline for certain reporting companies to file their BOI reports. FinCEN is proposing to...
NLRB Finalizes Rule Broadening Joint Employer Test: What Employers Need to Know
Key Takeaways The National Labor Relations Board (NLRB) has recently finalized a rule broadening the joint employer test. The new rule replaces a 2020 policy that excused joint employers from bargaining unless workers could demonstrate that the joint employer had...
FinCEN Releases Small Entity Compliance Guide
Key Takeaways Starting in 2024, many entities that are created in or registered to do business in the United States will be required to file BOI reports with FinCEN. With the effective date fast approaching, criticism surrounding treatment of small businesses, who may...