In Ohio, sales of tangible personal property are presumed taxable unless an exemption exists. On the other hand, services are presumed nontaxable unless specifically enumerated as taxable under Ohio’s Revised…
The costs associated with hiring attorneys, defending a lawsuit, and paying for damages or a settlement can be exorbitant, and will inevitably damage a company’s profitability. The good news is…
In the age of digital connectivity, our lives are intricately woven into the fabric of the internet. This connectivity brings about unprecedented opportunities for communication but also exposes us to…
Originally published in May 2024 Smart Business. Many law firms have changed their transaction management processes significantly with recent advancements in technology, especially the development of artificial intelligence. AI and…
(Akron, OH, April 29, 2024) – On April 24, 2024, during the annual meeting of Buckingham, Doolittle & Burroughs, LLC Shareholders, the election of the Firm’s Executive Committee was determined,…
The Federal Trade Commission (FTC) issued the long-awaited Non-Compete Final Rule that prohibits all new non-compete agreements and renders all existing non-competes unenforceable, except in limited circumstances. These restrictions go…
As you might be aware, Federal legislation known as the “Corporate Transparency Act” (the “Act”) went into effect as of the beginning of this year. The Act requires many businesses…
The concepts of defamation and free speech often collide, raising questions about where the line should be drawn between the right to express oneself and the responsibility to prevent harm…
A planning technique that is known to most tax professionals is for an owner of a private company to gift an interest therein to charity prior to a sale. This technique…
Businesses in financial distress have multiple options to consider when attempting to reorganize or liquidate. A state court receivership or Chapter 7 Bankruptcy are likely options for liquidation when there are…