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Two months ago, the FDA disclosed that they recently warned 15 companies producing andor selling CBD that their actions in marketing the products were contrary to Federal Law. We were just gearing up for the Holidays so everyone at OGS didn’t want to sour the mood – but now that we’re halfway though January – this development is worth discussing. What is the FDA’s beef?: We’ve discussed this issue before, so I won’t go into…
Right after the holidays, small businesses have a lot on their plate – W-2’s and 1099’s are due soon, and so are final quarter self employment tax payments! Question: Recently, a client asked: “Do I need to send OG+S a 1099 for services?” and because it was such a great question, it naturally became the topic of this week’s blog post – read on for the answer: Short Answer: Yes, payments over $600 made to…
Happy Holidays! Everyone at OG+S wishes you a great holiday and prosperous New Year. If you’ve worked with us for any length of time, you know we are animal lovers at heart – so with that, I give you photos of our furry family members legal assistants! Ruger and Mackenzie – Sherri’s cats Peanut – also Sherri’s cat Lola – Jeff and Erin’s dog.Not Pictured: Lewis – Jeff and Erin’s cat. Peaky – Kim and…
It’s happened twice in my career so far: the deathbed will. In both instances, the situation was exceedingly sad – individual gets sick; realizes their estate plan isn’t up to date; and attempts to re-write their “will” (or write it the first time) by text message or by signed affidavit. In both cases, although the final wishes of the individual were crystal clear, both wills had no legal effect whatsoever, and their assets ultimately passed…
We’ve talked about deadlock before, and how to deal with it. While deadlock is never a great thing for Founders to deal with, today there is reason to celebrate. Why? A client chose the “Candy Land” method of breaking deadlock, and among the three of us, that makes a total of about 5 clients over a span of 15 years of practice! Read on for more details: What is Deadlock? In the context of a…
We get a ton of questions about “non-competes” at OGS. In legal terms, a “non-compete” is a specific kind of “restraint of trade” that is governed by Wis. Stat. Sec. 103.465. However, the type of “restraint of trade” that is right for you and your business may not be a “non compete” and could be several (and possibly, more enforceable) different types. This week, we discuss the general categories of restraints of trade, and in…
We get a ton of questions about “non-competes” at OGS. In legal terms, a “non-compete” is a specific kind of “restraint of trade” that is governed by Wis. Stat. Sec. 103.465. However, the type of “restraint of trade” that is right for you and your business may not be a “non compete” and could be several (and possibly, more enforceable) different types. This week, we discuss the general categories of restraints of trade, and in…
Spoiler alert – this post is not about the law. Happy (almost) Halloween everyone! Halloween is my favorite holiday, and for the last 25 years or so, I’ve marked it with an annual showcase of the timeless classic, “Garfield’s Halloween Adventure” or “Garfield in Disguise” (depending on your region). GHA is a great special in the Garfield cannon – right up there with “Garfield’s Thanksgiving” or “A Garfield Christmas” but for a number…
Pizza Hut has my wife’s favorite pizza. Now, I’ve always loved “the Hut” – but I wasn’t a fan of the pizza until I met Kim. So, how can you love a pizza place but not really love its pizza? Its awesome trademark, obviously. Most companies utilize two flavors of trademark – a design mark (aka a logo) and a word mark (aka a name, slogan etc.), but there are many different, more obscure, types…
Two weeks ago, we began a discussion about S-Corps and covered the basics. This week, we delve into a little more detail about why S-Corps can be a hassle for startup companies trying to raise money. The biggest single issue with S-Corps for startups is the “single class of stock rule.” In essence, this means that startups (as they commonly do) cannot offer “common stock” to some investors and “preferred stock” with additional benefits to…