BW INSIGHTS

Retiring from Chiropractic Practice

By Casey Alesch | 08.28.2024

Deciding when to retire can be difficult after building and sustaining a successful chiropractic practice. When the time comes to retire, chiropractors should be aware of the following requirements involving notifying patients, retaining records, and updating licenses. Notifying Patients The Iowa Administrative Code (IAC) requires that retiring... Read More

ESOP Seller Perspectives – The Employee and Community Benefits of ESOP Sales

By Cynthia Boyle Lande & Drew D. Larson | 08.21.2024

Selling a company to an Employee Stock Ownership Plan (ESOP) extends far beyond financial transactions—it fosters a symbiotic relationship between the business, its employees, and the surrounding community. The decision to sell to an ESOP brings forth a multitude of benefits that ripple through both the internal workforce and the broader... Read More

Texas Court Ruling on FTC Rule

By Kathryn A. Leidahl | 08.21.2024

On August 20, 2024, Judge Ada E. Brown for the Northern District of Texas issued a nationwide injunction barring the implementation of the Federal Trade Commission’s (FTC) regulation banning noncompete agreements. In April 2023, the FTC issued a final rule banning most new and existing noncompetes nationwide. Judge Brown’s ruling means the FTC ban... Read More

Two Critical Considerations for Employers Ahead of the FTC's Final Rule Effective Date

By Nicholas D. Ott | 08.14.2024

As the Federal Trade Commission's (FTC) final rule banning non-competes approaches its effective date of September 4, 2024, employers should begin preparing for its enforcement. Two key actions employers should consider now include: (1) initiating legal action for breaches of existing and enforceable non-competes, and (2) satisfying the final... Read More

ESOP Eligibility: Who’s In, and Who’s Out?

By Cynthia Boyle Lande & Drew D. Larson | 08.14.2024

Employee Stock Ownership Plans (ESOPs) offer unique opportunities for employees to become owners of their company and share in its success. Understanding the rules surrounding ESOP eligibility and properly determining which employees are eligible for participation are crucial for sponsoring employers. In this client update, we will outline the... Read More

Questions about the Property Tax Sale

By Katie McKain Tegtmeier | 08.12.2024

What is a Tax Sale? Tax sales are used by the County Treasurer to collect unpaid and delinquent real estate taxes. The tax sale is generally held on the third Monday of June every year. At the sale, the County Treasurer offers for sale each parcel with delinquent taxes for the total amount of taxes, interest, fees, and costs due against each... Read More

It’s Hip To Be Square! But Can You Protect A Square Cheese Curd With IP?

By Christopher Proskey | 07.31.2024

As famously said by Huey Lewis: It’s Hip To Be Square! But that raises the question: Can you protect the shape of a square cheese curd? Let’s find out! There is nothing I enjoy more in my career than finding ways to meaningfully protect what is unique about a brand through the use of creative Intellectual Property (“IP”) strategies. A fun and... Read More

DOL FIDUCIARY RULE STAYED INDEFINITELY

By Caleb J. Brus & Cynthia Boyle Lande | 07.29.2024

A federal judge in Texas has temporarily blocked the Department of Labor’s (“DOL”) “Retirement Security Rule” (the Fiduciary Rule) ahead of its September 23, 2024, effective date. BACKGROUND ON THE FIDUCIARY RULE The DOL has been on a fourteen-year quest to replace a fiduciary definition in place since 1975. The saga began in 2010, but fierce... Read More

IRS Announces Guidance on Basis-Shifting Transactions by Related-Party Partnerships

By Maggie Simonson Schild & Christopher L. Nuss | 07.25.2024

On June 17, 2024, the Internal Revenue Service (IRS) and Treasury announced new guidance aiming to curtail abusive basis-shifting transactions by related-party partnerships. The Treasury and IRS plan to propose regulations targeting transactions in which partners shift basis from one asset to another, thereby increasing the second asset’s basis... Read More

BrownWinick Team Participates in the 2024 Firm Annual Volunteer Day

By BrownWinick | 07.18.2024

On July 17, 2024, over 80 BrownWinick attorneys and staff participated in our firm's annual volunteer day. Groups of attorneys and staff went to five different locations across the metro to serve including the Blank Park Zoo, Animal Rescue League, Habitat for Humanity, YMCA Supporting Housing Campus, and Ronald McDonald House. Learn more about... Read More