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Category Archives: Business
In December of 2012, Ohio governor John Kasich signed into law The Ohio Legacy Trust Act that becomes effective March of 2013. Ohio now joins a minority of states allowing for such trusts. While these domestic asset protection trusts cannot … Continue reading
On May 4, 2012, Ohio enacted several new provisions relative to its limited liability company law (including R.C. 1705.18). One of the main reasons for creating a limited liability company (“LLC”) is to separate and distinguish the assets and liabilities … Continue reading
The Internal Revenue Service (IRS) is continuing to promote two small business tax credits that are available to certain businesses that satisfy the programs’ criteria. The first credit is an expanded credit for hiring veterans and the second credit is … Continue reading
Like many other famous musicians, Whitney Houston had many financial difficulties in her life. However, even after her death, her estate could be earning a considerable amount of annual income for years to come. While some of the estate’s royalties … Continue reading
Much has been written about the death of Apple founder Steve Jobs over the past days. One area that has received increased attention is the estate planning done by Jobs, his attorneys, his accounts, and other professionals before his death. … Continue reading
On June 30, 2011, Ohio Governor John Kasich signed House Bill 153. This 3,262 page appropriations bill, among other things, eliminates the Ohio Estate Tax, beginning in 2013. The Ohio Estate Tax applies to a decedent’s property owned at the … Continue reading