The Legal Monitor

  • Proposed Changes to Closely-Held Business Valuation

    Posted by Robert Hodges | in December 2016 on Wednesday, December 14, 2016

    Estate and gift tax concerns the transfer of assets (usually from an older generation to a younger one). The goal of estate and gift tax planning is to transfer assets effectively and efficiently for the lowest tax cost. If the assets being transferred are not easily valued, the taxpayer needs to value those assets in a manner acceptable to the IRS. Valuation concerns usually arise with family business entities.

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  • Does Your Company Handle Hazardous Waste?

    Posted by James Pray | in December 2016 on Wednesday, December 14, 2016

    2016 has seen an unprecedented number of Environmental Protection Agency ("EPA") site inspections looking for violations of hazardous waste laws here in Iowa. The targeted businesses appear to be smaller companies that are already listed in the EPA's database as hazardous waste generators or transporters. Most of these smaller businesses have likely never experienced a full inspection of their operation by an EPA inspector.

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  • Change in Iowa Law on Insurance Coverage for Defective Construction

    Posted by Brant Kahler | in December 2016 on Wednesday, December 14, 2016

    On June 10, 2016, the Iowa Supreme Court issued a landmark decision in National Surety Corporation v. Westlake Investments, LLC. Prior to that decision, and based primarily on the Iowa Supreme Court's previous decision in Pursell Construction v. Hawkeye-Security Insurance, 596 N.W.2d 67 (Iowa 1999), Iowa law held that a contractor's Commercial General Liability (CGL) insurance policy did not provide coverage for defective construction.

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  • Structure Matters for Start-Ups

    Posted by Christopher Sackett | in December 2016 on Wednesday, December 14, 2016

    Entrepreneurs make many mistakes in the initial formation and early capitalization of their companies. Two of the most frequent ones are essentially opposite sides of the same coin.

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  • Our Firm Continues to Grow To Serve Your Needs - December 2016

    Posted by Alicia Nicoletto | James White | in December 2016 on Wednesday, December 14, 2016

    In our continuing effort to provide clients with the best possible legal services, BrownWinick continues to grow by hiring outstanding attorneys. Our most recent hires are no exception.

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