Goosmann Law Firm

Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, North Dakota, Minnesota, and Missouri. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law.

Encompassing the principles of solidarity and subsidiarity, the virtue of charitable organizations consists in the promotion of charitable activities and the proper classification of such activities as separate from both the government and the marketplace. For the virtue of charity is neither compelled by taxation nor motivated by profit, but rather charity freely wills the good of others. This is the purpose of the nonprofit sector.…
In my blog article “Confidential Information” vs. “Trade Secrets,” I provided a general overview of what confidential information and trade secrets are. Let’s pretend, however, that despite your efforts and filing a lawsuit, your valuable information is at risk because an employee took it with them when they quit. What can you do to protect further damage to your business or, at the very least, protect your business from being damaged during the…
Particularly worrisome in the real estate legal world during this second wave of the COVID-19 pandemic is the $2 Trillion dollars in commercial real estate loans at risk. Small and medium-sized local and regional banks may not have enough set aside in allowance for loan and lease losses, especially now that hotels, restaurants, stores, and other retailers are filing for bankruptcy and not able to pay rent. Some small and medium-sized banks have too large…
Marriages are one of the happiest events that can occur in one’s lifetime. Friends and family come together to celebrate the lifelong bond between two individuals that love each other. Understandably, the last thing on the soon-to-be-married couple’s minds is the division of property should their marriage end. While prenuptial agreements resolve the issue before the couple is married, postnuptial agreements are similar contracts that are not made until after the marriage has already taken…
The IRS recently issued a revenue ruling to clarify an issue that was not addressed in Payment Protection Program (“PPP”) legislation: whether PPP loans used for expenses that are eventually forgiven can be tax deductible. It seems Congressional intent was to allow for deductions of usual business expenses, even if PPP loans were used to pay for those expenses, as Congress passed PPP loan legislation through the CARES and HEROES Acts to boost small businesses…
It is officially holiday season and any HR employee will likely tell you it is not the most wonderful time of the year for them. Time off requests for holiday gatherings, cold and flu season in full swing and navigating the sometimes-treacherous waters of a company party all make for a stressful time of year for human resources folks. Add in a global pandemic, and I’m sure some are highly considering spiking that eggnog. Now…
Right up there with labor, the leasing of commercial space is a huge cost for the typical business owner. Commercial space is expensive, and leases often run for five to seven years or more. The total lease obligation on even a modest commercial space can often run into the millions of dollars. And landlords typically aren’t lining their pockets with these monthly rent checks. They’ve got mortgages to pay, and depend on their tenants paying…
More than six months have passed since the Midwest began feeling the impact of the 2019 novel coronavirus. In the second week of March, dozens of states and local governments began enacting shelter-in-place orders and other restrictive measures. Flash forward two months and students, teachers and parents alike faced horrible disappointment as commencement ceremonies were postponed or cancelled. As of October 22, 2020, 8,378,569 cases and 222,157 deaths have been reported nationwide. While there is…