Category Archives: General Interest

Topics (usually with a legal slant) that may be of interest to the general public

Estate Tax Issues

Laura Saunders reported on Friday at The Wall Street Journal Online that, “The American estate tax turned 100 this year. It probably won’t live to see 101. “Both President-elect Donald Trump and Republicans in the House of Representatives have issued proposals to end the tax, and Senate Finance Committee Chairman Orrin Hatch (R., Utah) has… Continue Reading

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U.S. Supreme Court Looks at Insider Trading

Aruna Viswanatha and Brent Kendall reported on the front page of Wednesday’s Wall Street Journal that, “The Supreme Court handed the government a significant win Tuesday in its pursuit of insider trading, ruling prosecutors in such cases don’t always have to show that something valuable changed hands to prove a crime was committed. “The unanimous… Continue Reading

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Shadow Cast on the Spread of Municipal Broadband Networks, Implications for Rural Businesses

Cecilia King reported in today’s New York Times that, “On the first day of the harvest last week, a line of trucks brimming with sweet potatoes rolled into Vick Family Farms, headed for a new packing plant that runs on ultrafast internet. “The potatoes were tagged with online bar codes to detail the plots where… Continue Reading

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Proposed Rules Could Limit Techniques Used to Lower Estate and Gift Taxes

Laura Saunders reported in Saturday’s Wall Street Journal that, “New rules are coming that will likely limit techniques used by the wealthy to lower their estate and gift taxes. “The proposed regulations, issued by the Treasury Department and Internal Revenue Service in early August, apply to moves known as ‘valuation discounts.’ They allow people with… Continue Reading

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Some Businesses Implementing Initiatives for Gender Parity at Board Level

Joann S. Lublin reported in yesterday’s Wall Street Journal that, “A small but growing number of U.S. companies have intensified their push to increase the ranks of women on their boards as businesses pay greater attention to gender parity at all levels. “These initiatives are bearing fruit as companies revamp the way they recruit female… Continue Reading

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Treasury Department (IRS) Proposal Aims to Clamp Down on Tactic to Avoid Estate Tax

Richard Rubin reported in today’s Wall Street Journal that, “The U.S. government on Tuesday proposed making it harder for wealthy business owners to transfer assets to heirs without paying estate and gift taxes. “The plan from the Treasury Department and Internal Revenue Service would place new limits on a common technique used to transfer interests… Continue Reading

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When it Comes to Selling a Business, Think Broadly

Paul Sullivan reported in Saturday’s New York Times that, “The first time Chris Ludwig sold his refrigerant reprocessing company, he said he acted as if the deal was done long before it was. He beefed up inventory, added sales staff and generally increased his expenses. “But as the buyers delayed, ‘I got myself in a… Continue Reading

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Uncertainty Contributes to a Slowdown in Mergers and Acquisitions

Leslie Picker reported in Friday’s New York Times that, “Uncertainty is often a deal breaker. “It can be largely blamed for a string of declines in acquisitions announced during the first half of the year in almost every sector, location and size compared with the same period in 2015. Many executives were hesitant to pull… Continue Reading

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Some States Take a Closer Look at Noncompete Pacts

New York Times writer Steve Lohr reported this week that, “In today’s on-your-own economy, workers are urged to be entrepreneurial job hoppers, constantly adapting and searching for the next opportunity. “But an estimated 30 million Americans — nearly one fifth of the nation’s work force — are hobbled by so-called noncompete agreements, fine print in… Continue Reading

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USDA Expands Access to Capital for Rural Businesses

A news release earlier this month from the U.S. Department of Agriculture indicated that, “USDA Rural Business-Cooperative Service Administrator Sam Rikkers today unveiled new rules to expand access to capital for rural businesses. “‘Access to capital is one of the most important needs for businesses,’ Rikkers said. ‘USDA is partnering with the Treasury Department and… Continue Reading

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