Coolidge Wall Co., L.P.A.
Phone : 937-608-9464 | Toll Free : 877-422-0702

Recent Blog Posts

Kids Heading to College this Summer? Consider a Roommate Agreement

If you drive down Main Street in any college town, you are likely to encounter newly developed and/or renovated luxury apartments. Many of these apartments will have rent that outpaces the average mortgage payment in the region.

Telling Your Employees You Have Sold the Business!

"Don't confuse 'strict confidentiality' with 'keeping employees in the dark.' Private is useful. Secretive is deceptive." Stacy Feiner - from her book Talent Mindset.

The quote by Stacy Feiner is appropriate for working with employees in the day-to-day operations of a business, but what about when the owner of a business is ready to realize their exit strategy? Business owners are generally passionate about what they have created and nurtured, but there comes a time when the business owner needs to take their chips off the table. When is the "right" time to tell employees that the business has been sold?

The Importance of Due Diligence in Real Estate Transactions

One of the most important procedures that takes place prior to the closing in any real estate transaction is the due diligence process. The due diligence process typically takes place once the purchase agreement is signed by the parties, but the due diligence process may also begin prior to the execution of the purchase agreement depending on the transaction. While there are many different types of due diligence that can occur, this post will cover three specific areas: (i) title review; (ii) environmental review; and (iii) physical inspections.

Legislative Update: Sports Betting Coming to a City Near You?

In my September 6, 2018 blog post, I discussed the U.S. Supreme Court's May 2018 ruling in Murphy v. National Collegiate Athletic Association, which found the federal Professional and Amateur Sports Protection Act of 1992 ("PASPA") unconstitutional. PASPA prohibited state-sanctioned sports betting and effectively outlawed sports betting outside of Nevada. The Court's ruling opened the door for all 50 states to legalize sports betting within their borders.

Is an SBA Loan Right for Your Business?

According to Derek Hutson, CEO of Datical, "Entrepreneurship is at the core of the American dream. It's about blazing new trails, about believing in yourself, your mission and inspiring others to join you in the journey. What sets [entrepreneurs] apart is the will, courage and sometimes recklessness to actually do it."

Waiver of Subrogation - How it Helps Mitigate Risk in Commercial Leases

Oftentimes, a commercial lease (as well as other real estate contracts) will contain a "Waiver of Subrogation," but few landlords, tenants and other parties realize the importance of such provision and how a waiver of subrogation can help manage and allocate potential risk.

Election Day and the Workplace: Issues for Ohio Employers

Robert Frost once advised, "Thinking isn't to agree or disagree. That's voting." One question that HR professionals are thinking of every election season is, "Do we need to provide employees time to vote?" In Ohio, the answer is likely yes.

IRS Announces 2019 Pension Plan Limitations

On November 1, 2018, the IRS announced cost-of-living adjustments for 2019 retirement plan contributions. For 2019, the amounts that individuals will be able to contribute to retirement plans will increase from $18,500 to $19,000. However, the catch-up contribution limit for employees age 50 and over will remain unchanged at $6,000. This chart summarizes the limitations for 2019:

Ohio Proposes Tax Credit for Investments in Opportunity Zones

Background

In December 2017, Congress's passage of the Tax Cuts and Jobs Act created Qualified Opportunity Zones ("Opportunity Zones"). In general, a taxpayer who invests in an Opportunity Zone can defer capital gain taxes and potentially reduce his capital gain by receiving a 10% to 15% increase in basis, in addition to paying no tax on any appreciation of the investment in the Opportunity Zone. Click here to find a more detailed discussion of Opportunity Zones.

DOL Publishes New FMLA Forms

Links to the new forms are below, or visit the DOL website to browse them at this DOL web page.

Notices (pdf format)

Certification forms (pdf format)