Electric Scooters: Regulation, Litigation and Consternation

In General by Coolidge Wall

Electric scooters are likely already in your city and if not, the chances are good that they will be soon. In cities across Ohio, the United States and the world, one often does not have to go far before stumbling upon, perhaps quite literally, a huddling mass of scooters on a corner or sidewalk. Ohio Cities Regulate Scooters with Local Ordinances: Will Statewide Regulation Be Next? Despite whatever differences exist between the Ohio cities and the scooter companies, local legislatures have found commonality in how they regulate the product and its use. All Ohio cities with scooters regulate their use, …

IRS Announces 2020 Pension Plan Limitations

In Employee Benefits by Coolidge Wall

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.  This chart summarizes the limitations for 2020 (amounts that changed for 2020 are shown in bold): Contribution Limits    2019    2020 Elective Deferral Limit – 401(k), 403(b) and 457(b) Plans                   $19,000         $19,500         …

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Attorney Merle Wilberding Selected for Ohio Veterans Hall of Fame

In News by Coolidge Wall

Coolidge Wall Co., L.P.A. is proud to announce that Merle Wilberding, a long-time attorney with the firm, has been selected for induction into the Ohio Veterans Hall of Fame, a State of Ohio program that honors veterans more for what they did after their military service than for what they did during their military service. Many other states have since established veterans’ hall of fame programs, including New York, Connecticut, Indiana, Kentucky, North Carolina, Arizona, and Pennsylvania. Governor George Voinovich initiated the program in Ohio in 1992. Its charter members included six Ohio presidents who had previously served in the …

Is Your Business Experiencing a Cash Flow Shortage?

In Business Law by Coolidge Wall

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. Economic Distress Can be Managed and Overcome It is not uncommon for businesses to experience times of economic distress and cash shortfalls. A cash flow shortage could be caused by late paying customers, a need for increased inventory to support growth or a structural imbalance between revenue and expenses. A cash flow shortage can be extremely stressful to a …