SHAREHOLDER BILL OF RIGHTS ACT 2009
Posted on November 11th, 2009
The Shareholder Bill of Rights Act, sponsored by Charles Schumer (D, NY) was read to congress on May 19th, 2009. The Shareholder Bill of Rights Act is aimed to place more shareholder input into executive compensation as well as promote corporate governance reform. Under this new act companies would be required to provide shareholders [...]
PROTECTING YOUR TRADENAME ON FACEBOOK
Posted on August 9th, 2009
As of the end of June, both individuals and businesses alike are now able to create personalized usernames for their Facebook pages, e.g. facebook.com/LawrenceLawOffice. Previously on Facebook , the web address for a company’s page consisted of Facebook.com followed by a long profile identification number. This now allows for your business to be a more [...]
PRESIDENT OBAMA ASKS CONGRESS TO CREATE A CONSUMER FINANCIAL PROTECTION AGENCY
Posted on August 4th, 2009
President Obama recently suggested to congress the formation of a Consumer Financial Protection Agency (CFPA). The details of the formation and duties of this Consumer Financial Protection Agency are outlined in a 152-page draft bill that will be considered by the House Financial Services Committee and Senate Banking Committee later this month. According to the [...]
RECENT CHANGES TO OHIO LAW FOR MEDICAL OBLIGATIONS IN CHILD SUPPORT AGREEMENTS
Posted on July 31st, 2009
Last year, the federal government made changes to requirements for medical support obligations in Child Support under title IV-D of the Social Security Act. The State of Ohio then passed legislation in accordance with federal law that resulted in changes to the Ohio Revised Code. Previously, the Ohio Revised Code required that all child support [...]
SPOUSAL SUPPORT PAYMENTS CAN BE TAX DEDUCTIBLE
Posted on July 26th, 2009
Spousal support payments or alimony paid to a former spouse can be taxable under the Internal Revenue Code for the person receiving support and deductible to the person paying the support provided the Divorce Decree or Separation Agreement has been properly structured and the following basic requirements have been met
1. The support in question cannot [...]
MORE BILLS PASSED TO PROTECT CONSUMERS AGAINST PREDATORY LENDING
Posted on July 21st, 2009
Predatory lending is widely seen as one of the triggers for the current housing market slump and subsequent economic recession. In response to this predatory lending, Congress passed the Mortgage Reform and Anti-Predatory Lending Act in May of 2009 as an initial step towards restructuring the guidelines by which mortgage companies must abide. Congress recently [...]
BANKRUPTCY RELIEF
Posted on January 17th, 2009
With today’s volatile economy, the issue of bankruptcy relief is a hot topic. Many individuals and businesses are considering whether bankruptcy relief is an option for them and what does it specifically mean for them. First, bankruptcy relief requires filing documentation with the United States Federal Court seeking relief from payment of debt and a [...]
WORRIED ABOUT PERSONAL LIABILITY FOR YOUR BUSINESS DEBT?
Posted on January 13th, 2009
The Ohio Supreme Court Has Now Made It Tougher For Business Creditors To Attack You if Your Business is Incorporated
President Signs FMLA Military Expansion Into Law
Posted on January 13th, 2009
An expansion of the Family and Medical Leave Act (FMLA) now will extend coverage to employees who have family members called for military service.
President Bush signed the legislation into law early last week. The measure now will require employers to provide up to 12 weeks of unpaid, job-protected leave to employees when a spouse, parent, [...]
OHIO MAY BE THE FIRST STATE TO REQUIRE EMPLOYERS TO PROVIDE PAID SICK LEAVE
Posted on January 13th, 2009
The proposed Healthy Families Act is expected to be on the ballot in November. The proposal would require Ohio employers with 25 or more employees to provide a minimum of seven paid sick days for all full-time employees and paid time off for part-time employees. Under the proposal’s language, full-time is defined as 30 hours [...]
