A long awaited Federal Law on trade secret misappropriation was signed into effect last month. The new law, titled the Federal Defend Trade Secrets Act, or “DTSA”, creates a Federal cause of action for businesses who own trade secrets against individuals who have misappropriated the business’ confidential information. The law creates a uniform definition of
Buying, Owning and Selling a Business
Interns: To Pay or Not to Pay, That is the Question
Many businesses, including law firms and accounting firms, employ interns over the summer. There are a number of reasons such an arrangement works for both sides.
For the business, interns provide bodies that can fill voids in the work staff, since many people center their vacations over the summer. The internship also provides the business…
Dropbox Passwords Hacked
We learned this morning about another data breach, this time relating to the widely used Cloud Service called Dropbox.
Steve Kovach, of BusinessInsider.com reported yesterday that over 7 million Dropbox passwords have been compromised.
After the Target, Home Depot and other recent breaches, this isn’t a big surprise. However, since many lawyers use dropbox…
The Innocent Owner Defense: Wait! That’s My Car!
One of my partners, Eric Raskopf, who practices criminal and traffic defense work, recently posted to his blog, On Legal Ground, an article about someone losing their car as a result of being stopped while involved in criminal activity. Before you say, “Wait, that’s never going to happen to me,” read about what your…
Obamacare’s New 3.8% Sales Tax on Real Estate
Starting in 2013, a new 3.8% federal tax, known as the “Medicare Tax,” may apply to some gains on the sale of real estate, including even sales of personal residences. However, this is not a general tax and there are some exceptions. It is best to know the rules and seek competent tax advice.
The…
Crowdfunding in WI: a Good or Bad Idea?
“Crowdfunding” is a relatively new word. You may have heard of the concept, but may not yet know the word. Crowdfunding is a method by which money is raised to put capital into a business. Usually, this is done through an internet site, such as Indiegogo, Razoo, Upstart or a host of others. I am…
Updated IRS Employer Withholding Requirements for 2013
IRS issues new updated withholding requirements for employers. See http://www.irs.gov/uac/Newsroom/IRS-Provides-Updated-Withholding-Guidance-for-2013
New Tax on Investment Income to start January 1!
While we await resolution of the fiscal cliff issues, one thing is for certain: there will be a new medicare tax of 3.8% that will apply to investment income as of this coming year. While such taxes have always been associated with “earned” income, this is a new thing, that it will apply to “investment”…
Guarantors Remain Liable Even When Mortgagee Waives Deficiency and Releases Mortgagor
foreclosure guarantee guarantor ‘personal liability’
…
Continue Reading Guarantors Remain Liable Even When Mortgagee Waives Deficiency and Releases Mortgagor
What are the basic out of pocket costs to Register an LLC in Wisconsin?
If you exclude attorneys fees for services (such as preparing an operating agreement and determining what additional filings, permits, etc. that the business will need to get up and running), the most basic cost to register or “organize” an LLC currently in Wisconsin online is $130.00 paid to the Wisconsin Department of Financial Institutions, which…