News

179D INTERNAL REVENUE CODE TAX DEDUCTION – ENERGY EFFICIENT COMMERCIAL BUILDING DEDUCTION

Posted on in Architects and Engineers, News
179D INTERNAL REVENUE CODE TAX DEDUCTION – ENERGY EFFICIENT COMMERCIAL BUILDING DEDUCTION

The Energy Policy Act of 2005 has been renewed several times with revisions to the level of efficiency required for the deduction. The purpose of 179D deduction is to incentivize owners and developers for installing energy-efficient lighting, mechanical, and building envelope components. The credit only applies to commercial or multifamily properties. The tax benefit is […]

Additional Help for SBA Borrowers Offered by the Continued Loan Payment Subsidies

Additional Help for SBA Borrowers Offered by the Continued Loan Payment Subsidies

The subsidy of Small Business Administration (“SBA”) loan repayments offered by the CARES Act has been extended by the newly enacted Economic Aid to Hard Hit Small Businesses, Non-Profits and Venues Act (the “Act”). For existing SBA borrowers with currently serviced loans, the government will now pay principal, interest and fees for those loans for an additional […]

2021 Desktop Legal Primer for Ohio Claims

Posted on in Appellate, Employment, Insurance, News
2021 Desktop Legal Primer for Ohio Claims

Weston Hurd’s 2021 Desktop Legal Primer for Ohio Claims serves as a comprehensive go-to-guide and useful reference tool for insurance claims professionals. Researched and written by Weston Hurd attorneys, the Primer contains Ohio statutes, case citations and covers topics involving: Claim Limitation Periods – Statutes of Limitation; Product Liability Statute of Repose; Construction Statute of […]

Employer-Mandated COVID-19 Vaccines

Posted on in Business, Employment, Employment, News
Employer-Mandated COVID-19 Vaccines

Employers can mandate that employees be vaccinated for COVID-19 with certain caveats. In implementing a mandatory vaccine policy, the employer must: Accommodate the sincerely held religious beliefs of any employee pursuant to Title VII of the Civil Rights Act; and Accommodate the medical condition and/or disability of any employee under the Americans With Disabilities Act […]

Time to Appeal Property Tax Bill? Think Again.

Posted on in Business, News, Real Estate
Time to Appeal Property Tax Bill? Think Again.

COVID-19 has brought inestimable economic pain to the owners of hotels, motels, restaurants, rental properties, tourist attractions and the like. One would assume that the value of real estate whose value turns mostly on the cash flow it generates has dropped precipitously. Consequently, Ohio commercial property owners might be considering filing an appeal with their […]

Amendments to Ohio Civil Rights Statute Chapter 4112 – What Employers Need to Know

Amendments to Ohio Civil Rights Statute Chapter 4112 – What Employers Need to Know

On January 12, 2021, Governor Mike DeWine signed into law Ohio HB 352 amending the Ohio Civil Rights statutes, Chapter 4112 of the Revised Code. The amendments will go into effect April 13, 2021. The amendments to the Ohio Civil Rights statutes address and clarify a number of issues that are relevant to employers of four or more employees. The […]

“Series” Limited Liability Companies Will Offer More Options to Ohio Businesses

“Series” Limited Liability Companies Will Offer More Options to Ohio Businesses

Ohio has adopted a modified Limited Liability Company law which becomes effective on January 1, 2022 for all Ohio LLCs and foreign LLCs doing business in Ohio (Senate Bill 276). One of the most important features of the new law is facilitation of the formation of so-called “series” LLCs. One benefit of a series LLC is that […]

Part II: The Benefit Corporation and Public Charities; Threat or Opportunity

Posted on in News
Part II: The Benefit Corporation and Public Charities; Threat or Opportunity

In a prior advisory (Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation), we discussed Ohio’s recent enactment of its revised Corporation Law, which now permits the formation and operation of a “Benefit Corporation.” Use of the Benefit Corporation permits not only the pursuit of pecuniary gain, but also socially beneficial purposes, many of […]