In a typical real estate transaction, there’s often a critical period between the closing and the official recording of documents—a period aptly known as the “gap.” This “gap” introduces a degree of risk, leaving room for unexpected encumbrances like liens
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Florida’s Foreign Entities Act Declared Unconstitutional in Recent Ruling
In a recent legal development, the 11th US Circuit issued a consequential verdict in Shen v. Simpson, a federal lawsuit challenging Florida’s Conveyances to Foreign Entities Act (SB 264), which restricts individuals from China and other “foreign countries of concern”…
Doobie-ous Competition: How a Cannabis Company Can Use Employment Agreements to Protect Intellectual Property
In our prior posts, we discussed the two issues that should be at the forefront of any branding strategy:
- Avoiding potential trademark infringement claims, and
- Protecting the business’ brand through trademarks
In this post, we briefly discuss how cannabis businesses…
Michigan Court of Appeals Strikes State PFAS Drinking Water Standards
On August 22, 2023, a split panel of the Michigan Court of Appeals held that the Department of Environment, Great Lakes, and Energy (EGLE) violated the Administrative Procedures Act (APA) by promulgating a new rule establishing drinking water standards for…
Nevada’s Cannabis Industry Takes Another Step Forward
Four significant bills that will undoubtedly impact cannabis regulation in Nevada were recently signed into law by Nevada State Governor Joe Lombardo (R). The legislation makes a series of amendments to the state’s existing cannabis laws, including minimizing penalties and…
Ohio Supreme Court Unanimously Affirms Siting Board Certificate for New Wind Farm
Emerson Creek project in Huron and Erie Counties Now Expected to Move to Construction
On July 27, 2023, the Supreme Court of Ohio, in a 7-0 decision, affirmed the Ohio Power Siting Board (“Board”)’s decision to issue a certificate for…
IRS Issues Alerts and Begins Audit Activity Related to the Employee Retention Tax Credit
The Employee Retention Tax Credit (“ERC”), enacted as a part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), is a fully refundable tax credit for employers, up to $26,000 per eligible employee. Because of the potentially significant…
IRS Independent Office of Appeals
When dealing with the Internal Revenue Service during the initial stages of a tax case, whether it involves an audit, collection issue, request for penalty relief, or a proposed plan of resolution such as an Offer In Compromise, taxpayers as…
Bill C-208: Intergenerational Business Transfers
On June 29, 2021, Bill C-208 was granted Royal Assent and became law in Canada. Bill C-208 amended the Income Tax Act (Canada) (the “Act”) to provide tax relief to families wishing to transfer shares of small business corporations, family…
The SALT Cap and State Taxation of Pass-Through Entities
Among the many significant changes in the 2017 Tax Cut and Jobs Act (TCJA), individual taxpayers’ deductions for state and local taxes (SALT deductions) on federal Form 1040 Schedule A were capped at $10,000 ($5,000 for married taxpayers filing separately). …