Publications

Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation

Posted on in Business, News, Nonprofit
Your Ohio For-Profit Corporation Can Now Do Good; The Benefit Corporation

Historically and legally, for-profit corporations have been restricted in pursuing social goals because, generally, corporate leadership was fiduciarily obligated to pursue wealth for its owners and shareholders. With Governor DeWine’s signing of Senate Bill 21 on December 21, 2020, Ohio Corporation Law now permits the formation of a “Benefit Corporation” which can pursue both profit and beneficial […]

Congress Trumps IRS and Confirms Tax Deductions for Expenses Paid with PPP Loans

On December 21, 2020, the United States Congress passed the Consolidated Appropriations Act, 2021 (the “Act”). President Trump is expected to sign the Act. Significantly, the Act specifies that business expenses paid with forgiven Paycheck Protection Program (PPP) loans are tax-deductible. This supersedes IRS guidance that such expenses could not be deducted if the taxpayer […]

Weston Hurd Attorneys Named 2021 Ohio Super Lawyers and Rising Stars

Posted on in News, Publications
Weston Hurd Attorneys Named 2021 Ohio Super Lawyers and Rising Stars

Congratulations to the following Weston Hurd attorneys named 2021 Ohio Super Lawyers and Ohio Rising Stars by Super Lawyers, a Thomson Reuters business. Attorneys are selected using a patented multiphase process that combines peer nominations, evaluations, and professional achievements with third-party research to create a credible, comprehensive, and diverse listing of outstanding attorneys.    

Weston Hurd Recognized in U.S. News/Best Lawyers® as a 2021 “Best Law Firm”

Weston Hurd Recognized in U.S. News/Best Lawyers® as a 2021 “Best Law Firm”

Weston Hurd LLP is pleased to announce that its Cleveland and Columbus offices are recognized in the U.S. News/Best Lawyers® 2021 “Best Law Firms” list in both national and metropolitan categories. According to U.S. News/Best Lawyers®, achieving a “Best Law Firms” ranking involves a rigorous evaluation process that includes the collection of client and lawyer evaluations as […]

Additional COVID Immunity Protections in Ohio

Posted on in Business, Employment, News, Nonprofit
Additional COVID Immunity Protections in Ohio

Ohio’s General Assembly recently enacted two additional civil immunity provisions (House Bill 606 and House Bill 151) in connection with so-called “healthcare isolation centers” and “emergency medical services” in the context of COVID-19. A “healthcare isolation center” is a center monitored by the Ohio Department of Health caring for patients with COVID-19-related infirmities. Civil immunity from suit for these centers is […]

IRS Releases Much Anticipated PPP Deductions Guidance

Posted on in Automotive/Transportation, Business, News, Real Estate
IRS Releases Much Anticipated PPP Deductions Guidance

On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing desperately needed guidance on the timing issues related to Paycheck Protection Program (PPP) loan forgiveness and the deductibility of the related PPP expenses. Revenue Ruling 2020-27 In the guidance, the IRS confirms that a taxpayer may not deduct the PPP […]