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 […]
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 […]
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 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 […]
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 […]
Congratulations Weston Hurd partners Steve Carlino and Dan Richards on their election to the 2021 Board of Trustees of the Ohio Association of Civil Trial Attorneys (OACTA). The OACTA news release can be found by clicking: 2020 – OACTA Elects 2021 Officers and Trustees
Weston Hurd Partner David T. Patterson was recently sworn in by the Chief Justice of the Ohio Supreme Court as President of the Ohio Chapter of the American Board of Trial Advocates (ABOTA). David’s term as President of the Ohio Chapter commences on January 1, 2021. His appointment is considered one of the highest honors one can […]
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 […]
