Author Archive:
Robert T. Glickman
Minimizing Tax Risks: Key to Structuring a Successful M&A Deal
Read more: Minimizing Tax Risks: Key to Structuring a Successful M&A DealAn ounce of prevention is worth a pound of cure when it comes to merger and acquisition (M&A) deals. Incorporating a comprehensive strategy to mitigate tax risks and optimize tax advantages is an essential component of any M&A deal strategy, demanding a nuanced understanding of multifaceted legal expertise. Omitting tax considerations in structuring a deal…
Navigating Zoning Ordinances as a Small Business Owner
Read more: Navigating Zoning Ordinances as a Small Business OwnerIf you and your business are looking to set up shop, open a new location, or expand operations, you will likely need to confront your local zoning code. A failure to do so can have drastic implications. So, how do business owners (and private individuals) navigate their local zoning ordinances? First, you will want to…
The Irony of Investment Advisers
Read more: The Irony of Investment AdvisersYou’ve decided to work with an investment adviser, instead of a stockbroker, in part because that adviser proudly told you they act as a fiduciary, prioritizing your interests above all else. This adviser also claimed that a broker was allowed to put their own interests ahead of yours and wasn’t required by law to honor…
Corporate Transparency Act: Time to Begin Preparation
Read more: Corporate Transparency Act: Time to Begin PreparationJonathan C. Wolnik The Corporate Transparency Act (“CTA”) was enacted on January 1, 2021, effectively requiring most privately held companies to submit identification of their ownership (“Beneficial Owner Information” or “BOI”) to the U.S. Treasury. The stated purpose of the CTA is to “better enable critical national security, intelligence, and law enforcement efforts to counter…
Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021
Read more: Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021By David M. Cuppage, Esq. On February 10, the United States Senate, by voice vote, passed joined the House of Representatives to pass the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act (the Act). The Act, which President Biden is expected to sign, bans forced arbitration in cases involving sexual misconduct and allows victims the option of bringing up…
Department of Labor Issues Proposed Rule Regarding Tipped Employees
Read more: Department of Labor Issues Proposed Rule Regarding Tipped EmployeesBy: Frank T. George Last week, the U.S. Department of Labor (DOL) published a proposed regulatory rule that—if finalized—will impact tipped employees and their employers. Rather than paying tipped employees the federal minimum wage of $7.25 per hour, employers can lawfully count a portion of an employee’s tips toward the minimum wage. This is referred to…
Ohio Enacts Senate Bill 57: Real Estate Property Tax Relief
Read more: Ohio Enacts Senate Bill 57: Real Estate Property Tax ReliefBy: Adam Glassman To address ongoing concerns of property devaluation as a result of the COVID-19 pandemic, the Ohio legislature enacted Senate Bill 57 (“SB 57”). This legislation gives real property taxpayers in Ohio the opportunity to file special COVID related complaints for the 2020 tax year if the pandemic led to a decrease in a…
Robinhood May Be Liable If You Lose Money Based On Its Recommendations
Read more: Robinhood May Be Liable If You Lose Money Based On Its RecommendationsBy: Hugh D. Berkson Robinhood has been in the news a lot again lately, and that news isn’t terribly favorable. Given that we represent investors, not firms, we fielded a lot of calls about Robinhood’s potential responsibility related to folks’ losses related to GameStop, AMC, Nokia, and Blackberry. To our great surprise, we concluded that, based on…
Ohio Implements New Relief Programs for Struggling Businesses
Read more: Ohio Implements New Relief Programs for Struggling BusinessesDue to the tremendous financial impact that the COVID-19 pandemic has had on many of Ohio’s small businesses, Ohio Governor Mike DeWine recently announced two new relief programs that will be administered through the Ohio Development Services Agency. The Small Business Relief Grant (the “SBR Grant”) is a program designed to assist certain small businesses…
Estate Planning Implications of 2020 Election
Read more: Estate Planning Implications of 2020 ElectionBy Kyle Graham With Joe Biden as the President-elect and the fate of the Senate to be determined, one may want to consider estate tax planning strategies before 2020 concludes and before any potential new tax legislation may be enacted. During his campaign, Mr. Biden advanced several tax proposals that, if enacted, could have a significant…
SEC Expands Eligible Participation in Private Offerings
Read more: SEC Expands Eligible Participation in Private OfferingsBy: Jonathan Wolnik Seeking to protect private investors, the Securities and Exchange Commission (SEC) has long imposed stringent restrictions on “accredited investor” qualifications. This was done to control access to private offerings exempted from SEC regulation, in hopes of preventing personal losses to those investors not in a position to protect themselves. Perhaps the SEC’s paternalistic…
Timely Legal Tips for Small Business Owners
Read more: Timely Legal Tips for Small Business OwnersCLEVELAND, Ohio — Legal expert Rob Glickman of McCarthy, Lebit, Crystal & Liffman, says he plans on assisting small business owners in identifying and navigating through the changes and challenges they’re facing due to COVID-19. Don’t assume you’re in the clear when it comes to your contract Companies run the risk of defaulting on their lease…