FOR YOUR ESTATE PLANNING AND
ESTATE ADMINISTRATION NEEDS
Checklist for Protection of Security Interest for Ohio BusinessesTuesday, March 6, 2018
Lisa Rammes recently spoke at our client seminar, "Protecting Your Business: You Have Collateral, But is Your Security Interest Perfected?" Transactions which include Security Interests can be loans, extension of credit, sale of assets, leases, Purchase Money Security Interest (PMSI) and/or landlord liens. This checklist provides an overview of steps to take to protect your Security Interest if you own a business in Ohio.
Why Your Ohio Business Should Have a Statutory Agent Wednesday, January 10, 2018
By Lisa M. Rammes, Business Law Attorney
When starting a new business in Ohio, an important detail to have on your checklist is choosing a statutory agent to receive legal paperwork on your behalf should the need arise.
What is an Ohio statutory agent and why does your Ohio business need one? This article answers these questions and explores the roles of a statutory agent and why you may not want to serve as your Company’s statutory agent.
Is Your Deferred Compensation Plan 409A Compliant?Friday, December 15, 2017
By Jeffery G. Stagnaro, Business Law Attorney and Jeffrey B. Stagnaro, Law Clerk
Nonqualified deferred compensation (“NQDC”) plans are common tools for business owners with respect to the compensation and retention of key employees. Under an NQDC plan, an employee may defer receipt of compensation due in one taxable year to a later taxable year—with payment typically triggered upon the occurrence of a specific event, such as retirement. Under a well drafted NQDC plan, an employee will not be taxed on the deferred amount until the income is actually received, thereby offering potential favorable tax treatment to the employee. For example, NQDC plan payments received upon retirement are often paid in a tax year in which the retiree is in a lower tax bracket.