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

Recent Blog Posts

IRS Announces 2020 Pension Plan Limitations

The IRS has announced cost-of-living adjustments for 2020 retirement plan contributions. For 2020, the amounts that individuals will be able to contribute to 401(k), 403(b), and 457(b) retirement plans will increase $500 to $19,500. The catch-up contribution limit for employees age 50 and over will also increase $500 to $6,500. 

Is Your Business Experiencing a Cash Flow Shortage?

Running a business is hard. There will be times that every business owner will face an aggravated customer, an uncooperative vendor, a disgruntled employee or a difficult economic challenge. All of these situations are manageable, and the challenges can be overcome.

Department of Labor Rolls Out Long Anticipated Update to Overtime Regulations

On September 24, 2019, the Department of Labor issued a long anticipated final rule that will update the overtime regulations that have been in place since 2004. The Department of Labor's mandates are scheduled to go into effect on January 1, 2020.

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.