The Federal Trade Commission (FTC) issued the long-awaited Non-Compete Final Rule that prohibits all new non-compete agreements and renders all existing non-competes unenforceable, except in limited circumstances. These restrictions go into effect 120 days after the Rule’s publication in the Federal Registrar. “Non-compete” is broadly defined as contract or policy that “prohibits” a worker from,Read More
As you might be aware, Federal legislation known as the “Corporate Transparency Act” (the “Act”) went into effect as of the beginning of this year. The Act requires many businesses in the U.S. to report certain information, including information concerning their “beneficial owners.” Failure to comply with the Act may result in civil and criminalRead More
The concepts of defamation and free speech often collide, raising questions about where the line should be drawn between the right to express oneself and the responsibility to prevent harm to others. While free speech is one of the fundamental rights protected by the United States Constitution, the common law claim of defamation has existedRead More
A planning technique that is known to most tax professionals is for an owner of a private company to gift an interest therein to charity prior to a sale. This technique is only of interest to taxpayers who are charitably inclined since they forego the sales proceeds paid to charity. For philanthropic taxpayers, such a gift isRead More
Jamie M. Haren has joined Buckingham, Doolittle & Burroughs, LLC as a Partner in the Trusts & Estates practice group in the Firm’s Canton, Ohio office. In addition to working with clients on trusts and estates matters, Haren also has experience assisting clients with all types of real estate matters – from small residential transactionsRead More
Businesses in financial distress have multiple options to consider when attempting to reorganize or liquidate. A state court receivership or Chapter 7 Bankruptcy are likely options for liquidation when there are significant assets and multiple creditor claims. If the Debtor is attempting to save the business and reorganize then it may consider filing under Chapter 11, whichRead More
In the world of real estate, ensuring the safety and security of homes during the selling process is of paramount importance. One of the key challenges facing Ohio Realtors is the potential risk of unauthorized access to properties on the market. Unauthorized access occurs when an agent grants access to a property without the seller’sRead More
As we’ve seen significant property value appreciation over the last few years, owners and commercial/industrial tenants need to be aware of the opportunity to contest their property’s valuation. Objections to real property tax valuation to reduce 2023 taxes, paid in 2024, must be filed with your County’s Board of Revisions by April 1, 2024. ManyRead More
Imagine you are scrolling on TikTok, Facebook, Instagram, or one of the multitude of other social media platforms that almost every one of us have on our devices, and you come across a video of a physician discussing medical concerns. Because your “feed” is geared towards content, the doctor may very well be providing insightRead More
appeared in Crain’s Cleveland Business (January 29, 2024) Selling a business in any environment can be challenging when planning is not addressed early in the M&A process. The challenges are heightened in the current environment where buyers are looking at multiple potential deals simultaneously, expecting to close as efficiently as possible before moving on toRead More
