Corporate Transparency Act Revisited: Timeframes
KJK
by Samantha M. Cira
5d ago
We have made it to Part 3 of our three-part series on the Corporate Transparency Act’s final rule. The Financial Crimes Enforcement Network (FinCEN) released the final rule on Sept. 30, 2022. This article covers important timeframes to keep in mind as the rule rolls out over the next year. In Part 1 of our refreshed series of articles, we highlighted FinCEN’s new guidance in its final rule related to the beneficial ownership information (BOI) reporting requirement. In Part 2, we covered the specifics related to what the CTA requires companies to report and how to determine when an exemption ap ..read more
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When Should You Hire a Probate Attorney?
KJK
by Susan L. Friedman
5d ago
If probate is needed, the process usually begins soon after a loved one passes away. The probate process can be long, stressful, and expensive. Some family members are able to manage it on their own without an attorney, but it is typically a much too involved and time consuming a process for a loved one to take it on. It can be especially overwhelming when coupled with the grief of losing a loved one. Role of a Probate Attorney More often than not, it makes sense to hire a probate attorney to help settle an estate. Once engaged, a probate attorney may help find the executor if necessary and al ..read more
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More Than Just Unauthorized Sales: Scammers are Creating Whole New Websites
KJK
by Alex E. Jones
1w ago
We have written extensively about the problem of unauthorized resellers. These are resellers that source a company’s products (whether legitimately or illegitimately) and then resell those products on eCommerce websites such as Amazon, eBay, and Walmart. Often times these resellers are selling used, returned, or damaged goods. Unauthorized resellers generally do not handle products with the same care as brands (or their authorized resellers) do, and frequently, products sold by unauthorized resellers do not come with the manufacturer’s warranty. Unauthorized sellers also routinely undercut bra ..read more
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KJK Managing Partner Jon Pinney Named to 2022 Crain’s Power 150 List
KJK
by KJK
1w ago
KJK is proud to announce that Managing Partner Jon Pinney has again been named to the Crain’s Cleveland “Power 150” list. Featuring CEOs, entrepreneurs, politicians, philanthropists and others, the prestigious list provides a snapshot of those who lead some of Northeast Ohio’s most influential organizations and are in a position to move the region forward. Jon was previously included in both the 2017 and 2020 version. As KJK’s Managing Partner, Jon leads the firm’s experienced team of attorneys and staff in serving a wide array of clients including privately held busin ..read more
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KJK Announces Addition of Litigation Partner Jay Krasovec
KJK
by KJK
1w ago
KJK is pleased to announce the addition of Partner Jay Krasovec to KJK’s Litigation & Arbitration and Labor & Employment practice groups. A well-versed and skilled attorney, Jay has more than 20 years of litigation experience handling a wide array of employment and commercial disputes, including restrictive covenants, non-solicitation/non-disclosure agreements, corporate raiding, unfair competition, non-competition agreements, misappropriation of trade secret claims and tortious conduct in commercial settings. Jay brings extensive first-chair trial experience in numerous federal a ..read more
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What the Secure 2.0 Act Means for Your Retirement Savings
KJK
by Susan L. Friedman
1w ago
At the very end of 2022, President Biden signed the $1.7 trillion omnibus spending package which includes the SECURE 2.0 Act. SECURE 2.0 builds on The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 revising existing rules around retirement saving, including raising the age of Required Minimum Distributions (RMDs) and eliminating age limits for traditional IRA contributions. Raising the Age of Required Minimum Distributions Taxpayers now can wait to start taking required minimum distributions from requirement accounts at 73 instead of 72. Because some of the new SECU ..read more
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Ohio Takes One Step Closer to Statewide Passenger Rail
KJK
by Samir B. Dahman
1w ago
“It’s a good time to be in transportation!” says William Murdock, Executive Director of the Mid-Ohio Regional Planning Commission (MORPC). Speaking to KJK’s Samir Dahman and James Scherer, Mr. Murdock, who heads one of Ohio’s largest regional planning agencies, spoke with excitement about the work MORPC and others are engaged in to bring investment to Ohio’s regional transportation infrastructure. Specifically, the work being done to implement long-awaited, but persistently elusive, passenger rail infrastructure between Ohio’s largest cities. Passenger Rail in Ohio: Not a Thing Since 1979, But ..read more
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So, You Want to Be a Billionaire? Tax Considerations for Winning the Mega Millions Jackpot
KJK
by Demetrius J. Robinson
2w ago
As of today, no one has successfully picked the right numbers to win the current Mega Millions jackpot. Based on current projections, it is scheduled to reach $1.35 billion by the drawing on Friday, Jan. 13, 2023. This is the second-largest Mega Millions drawing and in the top five largest jackpots ever in the United States. Travie McCoy (featuring Bruno Mars) released the song “Billionaire” in 2010 in which he discusses wishing to become a billionaire and all the things he would do with the money. In one particular line, he muses that if he became a billionaire, he would be in a “whole new ta ..read more
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An Overview of Custodial Arrangements and Parenting Time Schedules in Ohio
KJK
by Janet Stewart Scalley
2w ago
In any child custody lawsuit in Ohio, there are two major matters that underpin each and every child custody order. In particular: What is the relevant custodial arrangement? What is the governing parenting time schedule? Notably, parties to a child custody lawsuit often inadvertently conflate the above-listed two topics. The reason for this confusion is simple: the terminology that is used to refer to these distinct concepts, in many ways, operates to create this misunderstanding. In light of the same, this article endeavors to define and differentiate these two critical aspects of each and ..read more
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Remedies for NLRA Violations Now Include Consequential Damages: What Employers Should Know
KJK
by Hannah J. Kraus
2w ago
On Dec. 13, 2022, the National Labor Relations Board (NLRB) issued a monumental decision that significantly expands upon the remedies available to employees for violations of the National Labor Relations Act (NLRA). In Thryv, Inc., the Democratic majority of the NLRB ruled that the NLRB’s standard “make-whole” relief includes compensating employees for all “direct or foreseeable pecuniary harm” suffered as a result of unfair labor practices. While the NLRB’s decision will likely face legal challenges, employers should prepare for the major financial implications of this decision. Make-Whole Re ..read more
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