Ohio offers consumer protection in several different types of transactions. For instance, there is a Lemon Law for new car purchases which allows a buyer to bring a claim against the vehicle’s manufacturer if the buyer has experienced problems within the first year or first 18,000 miles of delivery. The problems must substantially impair the use, value, or safety of the car and must have been reported to the manufacturer within the first year or 18,000 miles. Protection is also provided to consumers under the Consumer Sales Practices Act, the […]
November 2007
Converting a sole proprietorship into a corporation seems like a simple matter of filing Articles of Incorporation, issuing stock certificates and adopting By-laws. No need to pay the lawyers or CPAs more money, right? You risk some serious tax consequences by failing to plan your transaction appropriately. A conversion from a sole proprietorship to a corporation raises several serious tax issues. As a sole proprietor, you are transferring assets (equipment, inventory, goodwill, etc.) to your new corporation in exchange for corporation stock. Internal Revenue Code Sec. 351 provides that an […]
Congratulations to Attorney Trina N. Goethals who passed the Missouri Bar. Ms. Goethals practices in the areas of Litigation and Real Estate. A graduate of Central Missouri State University in 2000, Ms. Goethals received her law degree from Capital University Law School in 2005.
Karl H. Schneider has been asked to speak at a title insurance agents’ forum sponsored by Old Republic Title Insurance Company on November 14, 2007. Mr. Schneider will address various litigation matters including foreclosure suits and attendant bankruptcy issues.