Insights
A domestic asset protection trust (DAPT) enables an individual to establish an irrevocable trust under Ohio law, transfer assets to it, retain the right to benefit from those assets, and shield them from future creditors, with limited exceptions. Generally, the... Read More
Enforcement of the Corporate Transparency Act (“CTA”) and its Reporting Rule requiring Beneficial Ownership Information (“BOI”) reports has been suspended as of March 2, 2025. On this date, the U.S. Department of the Treasury provided much-needed clarity for businesses regarding... Read More
Chris Burch was recently invited by the hosts of the Hilliard Beacon podcast to provide perspective regarding the ongoing legal proceedings between Noor Islamic Cultural Center and the City of Hilliard over the former BMW office building. Listen here: HBAC... Read More
With 2025 well underway, it is an opportune time to reflect on several key insurance coverage decisions of 2024—because, as they say, those who ignore precedent are doomed to relitigate it. This article examines significant rulings from 2024 and their... Read More
The D&O claims environment is now in an unusually uncertain state, largely due to the potential for unprecedented and wide-spread changes directly and indirectly caused by the new Trump administration. Many of the predicted changes may appear to lessen D&O... Read More
Ohio law has long relied on court precedents to value Section 8 and Section 42 subsidized housing for property tax purposes. Conflicting precedents and statutory provisions often led county auditors to overvalue these properties, resulting in inflated property tax bills... Read More
For nearly two decades, the Ohio Commercial Activity Tax (CAT) has generated significant tax revenue from both in-state and out-of-state entities. Recently, the CAT underwent notable changes aimed at simplifying the tax structure and reducing the burden on small businesses.... Read More
For individuals with minor children or grandchildren, long-term planning can be daunting. But, with the help of a trust, parents and grandparents can ensure that their legacy is managed wisely while benefitting their children or grandchildren for years to come.... Read More
In the context of construction defect claims, a perennial dispute between commercial general liability, or CGL, carriers and policyholders concerns coverage for liability arising from potential or threatened property damage. Commonly, this dispute arises when an insured's faulty work jeopardizes... Read More
The Supreme Court resolved unanimously a common estate tax issue for many closely-held companies. The issue in Connelly v. United States was “whether the corporation’s obligation to redeem [a deceased shareholder’s shares] was a liability that decreased the value of... Read More
There is no question that mass shooting incidents in this country are unfortunately continuing at a staggering pace. As of April 29, the crowd-sourced "Mass Shooting Tracker" project, which considers a mass shooting to include a single incident in which... Read More
IPO activity reached a fever pitch in 2021 but slowed dramatically in 2022 and 2023. Yet, a growing chorus of capital markets and private equity experts is now predicting a resurgence of IPOs, and particularly private equity-backed IPOs. Indeed, according... Read More