Corporate
Section 1031 Tax Deferred Exchanges: Implications of the Biden Proposal

Section 1031 Tax Deferred Exchanges: Implications of the Biden Proposal

On April 28th, 2021, President Biden revealed a slew of tax proposals. One of these proposals involved curtailing the use of a long-standing planning tool -- the Tax Deferred Like-Kind Exchange. Flowing from Section 1031 of the Internal Revenue Code, Section 1031 exchanges are a key component of the investment real estate market, especially for...

read more
Year-End Corporate Tax Considerations: The Essentials

Year-End Corporate Tax Considerations: The Essentials

As the end of year approaches, our thoughts turn to the holidays…and year-end tax planning. Especially in this year where there have been numerous disruptions, it is valuable to set aside some time to review company actions from a tax perspective. The following list outlines a few items that we believe companies should review before the holidays....

read more

New Employer Notification Requirement to Employees of Unemployment Benefit Rights

Wisconsin Employers mark your calendar. As of November 2, 2020, all employers covered by Wisconsin’s Unemployment Insurance (UI) law must provide employees with written notice regarding the availability of UI benefits upon a change in employment status. The new requirement applies when work hours are reduced, layoff, furlough, or separation –...

read more
Milwaukee Business Journal’s Table of Experts: Revisiting the Paycheck Protection Program

SBA Issues “Change of Ownership” Procedures for PPP Borrowers: M&A Transactions Must Now Be Reviewed for Compliance

By: Lawrence J. Glusman On October 2, 2020, the Small Business Administration (SBA) issued a procedural notice regarding changes of ownership of an entity that has received Paycheck Protection Program (PPP) funds.  The notice does three main things – defines when a “change of ownership” is deemed to have occurred, details when and how lenders may...

read more
Nonperformance of Contracts: Understanding the Impossibility Defense

Nonperformance of Contracts: Understanding the Impossibility Defense

With the advent of COVID-19, many are seeking relief under the impossibility defense or attempting to enforce a contact against a party that is looking to avoid its obligations. It is important to know the policy behind that defense. It is also important to understand that policy when you are negotiating, drafting and reviewing contracts you will...

read more

Liability Waivers Are Far From Bulletproof

By: Thomas V. Rohan Over the last three months, Davis|Kuelthau has been asked to prepare many liability waivers (“exculpatory clauses”) to be signed by their customers in order to insulate the clients from damage claims relating to potential exposure to the COVID-19 virus. That assignment may seem simple enough, but, in fact, there are a whole...

read more

Avoiding Employment-Related Liability as Employees Return to Work

By: Laurie E. Meyer As states and municipalities relax safer-at-home measures, stores, restaurants, offices, manufacturers, and other employers across the country are either re-opening for business or returning their employees from remote work. Despite the best of intentions to comply with seemingly ever-changing laws, orders and agency guidance,...

read more