Resources
Stay in the know of company and industry updates, accomplishments and more!
Avoiding Taxation on Leasehold Construction Allowances
Question: My company will shortly be signing a commercial lease at a local shopping mall to operate a retail business. Is the construction allowance the landlord pays to my company for leasehold improvements taxable?
Using Deferred Compensation Plans to Enforce Restrictive Covenants
Question: I want to reward a key employee with additional compensation. I am concerned that the covenant not to compete which I am asking the employee to sign will not be enforceable. Any suggestions on how to deal with this?
Form Objections to Deposition Questions are Dated and Boilerplate
Object to the form of the question. While it’s a technically permissible and proper deposition objection, it generally proves of limited utility beyond venting.
Mortgage Loans From Profit Sharing Plans
Question: Since I am the sole owner of my company and the sole participant in my company profit sharing plan, can I use profit sharing funds to hold a mortgage on the residence which I intend to purchase?
The Procuring Cause Doctrine Enables Even Employees to Recover Post-Termination Commissions
Employed for several years as a field sales representative for Paul M. Wolff Co., a subcontractor specializing in concrete finishing services known as PMW, Miller was responsible for facilitating and overseeing projects within his territory. When a project is awarded to PMW, the rep completes the final step toward earning a commission by managing the company’s performance through completion of the project.
Using Trusts to Protect Assets From Children’s Spouses
Question: How do I pass my estate to my children upon my death and exclude my children’s spouses?
Professor’s Menacing Behavior Leads to His Firing, Courtroom Loss
John Kao, a Princeton-educated mathematics Ph.D., took workplace diversity seriously. He was the type who not only raised the issue of a lack of diversity with his employer, the University of San Francisco, he submitted a written complaint alleging racial discrimination and harassment. A 485-page complaint.
Using Cross-Purchase Arrangements For Buy/Sell Agreements
Question: I am one of two equal shareholders in a corporation and we are in the process of implementing a buy/sell agreement. Are there any reasons why the business should not own insurance on our lives to provide funds to purchase the shares of the deceased shareholder?
Art Imitates Life: ‘Bad Judge’ Loses Job, but Manages to Keep Immunity
This fall, Kate Walsh, formerly of “Grey’s Anatomy” and “Private Practice,” premieres as the Honorable Rebecca Wright in the NBC sitcom, “Bad Judge.” Like Walsh’s previous characters, Judge Wright looks to be a somewhat salacious and bawdy professional, this time dispensing criminal justice rather than medical care.
The Labor and Employment Report: New Illinois Laws Require Changes to Employer Practices
Two new employment statutes recently passed by the Illinois state legislature will substantially change how when and how employers conduct criminal background checks of job applicants and address the needs of pregnant employees. As the January 1, 2015 effective date of these statutes approaches, Illinois employers should ensure that their policies and practices are in compliance with each law.