law firm has been representing local businesses for over a century. We’ve
learned a few things. Aside from legal knowledge and experience, we bring
objectivity and a focus on problem solving to you. Chances are we’ve helped
another client in the past with similar issues.
with a customer or key employee? Issues with your bank?
Deadlock in the boardroom? Looking for an exit strategy? Or a way to bring a
son or daughter into a leadership position Tell us about it.
In the last few years there has been an increase in the sharing economy. If you haven’t heard the term you are most likely familiar with the concept—the sharing economy is when individuals share items or services, mostly via the internet. Various apps and websites connect people to rent things by the day, the week, or even by the hour. A fee is usually involved. One example of the sharing economy are Airbnbs. What many may not know about is the effect there may be on their taxes from these types of ventures. The IRS has a recent publication outlining some things you should know if you engage as a vendor in the sharing economy. To learn more visit: https://www.irs.gov/newsroom/six-things-taxpayers-should-know-about-the-sharing-economy-and-their-taxes
Wow. This can be a
tough one. What’s the solution when it’s time to hand over control
to the next generation?
Is there an obvious family successor? If so,
it’s all about timing, transition, and probably financing
the ownership transfer. Maybe in stages. Balancing the interests of any
children who aren’t involved in the business or who don’t fit in the plan. And
getting the older generation to let go. Easier said than done.
If not, then we look
at options including a sale to a younger
employee, a competitor, or an outside investor.
Either way, the time
working on succession planning is before it’s necessary.
the laundry is done each week, we often ask ourselves “where
did they go”? Today on Lost Sock Memorial
Day (celebrated each May 9th), we recognize that drawer everyone has
full of unmatched socks. We just can’t seem bring ourselves to throw away
the unmatched socks because we still hope that the match will show up someday.
On this Lost Sock Memorial Day, spend a little time (as little as possible)
searching for those missing socks and then, in the words of Queen Elsa, “Let It Go” as you need to accept you
will never find them!
Obenchain partner, John B. Ford, is a
fourth-generation St. Joseph County attorney. Born and raised in South Bend,
John attended John Adams High School and was an avid swimmer. John’s practice
areas include general business, commercial and residential real estate, employment, construction,
estate planning, and probate. Visit http://jonesobenchain.com/team-member/john-b-ford/
to get to know John better and to learn more about how he can help you and your
May 1, the United States recognizes Law Day. It is meant to reflect on the role
of law in the country’s foundation and to recognize its
importance for society. Originally the idea of Charles S. Rhyne, who served as President Eisenhower’s legal
counsel, the concept caught on and Eisenhower proclaimed May 1 to be Law Day in
1958. Its observance was later codified by Public Law 87-20 on April 7, 1961.
In other parts of the world, the first day of
May was known as May Day and commemorates the struggles of workers in their
fight for better wages and working conditions.
Would you like to
make a difference in the life of an abused or neglected child? Consider
becoming a Court Appointed Special Advocate like Jones Obenchain partner Brian
Gates. Brian has been representing children’s best interests as a CASA since
2002, and now helps train other CASA volunteers by teaching them about the
legal system. Find out more about the St. Joseph County CASA program by
clicking here: http://sjccasa.org, or visit the national CASA site: http://www.casaforchildren.org/site/c.mtJSJ7MPIsE/b.5301295/k.BE9A/Home.htm
A “Guardian ad
litem” (GAL) is a person the court appoints to investigate what would be in the
“best interests of a child.” Here, we are talking about a GAL in a divorce or
parental-rights-and-responsibilities case, including paternity, delinquency,
and abuse or neglect cases. The GAL will look into the family situation and
advise the court about issues such as where the children should live most of
the time, whether the child is being harmed by one parent’s alleged substance
abuse, and what contact the child should have with the other parent. Jones
Obenchain partner, Brian Gates, has experience serving as a GAL and can answers
Professionals’ Day, also known as Secretaries’ Day, is observed annually. In
some countries, it falls within Administrative Professionals’ Week, which is
the last full week of April. The day recognizes the work of secretaries,
administrative assistants, receptionists, and other administrative–support professionals.
Typically, administrative professionals are given cards, flowers, chocolates,
and lunches. The attorneys and partners at Jones Obenchain applaud their
secretarial and administrative support staff this and every day!
Dyngus Day marks the
official beginning of the year’s political-primary-campaign
season in South Bend. Notable politicians who have celebrated Dyngus Day
in South Bend include the late Robert F. Kennedy, former Governor Joe Kernan,
Senator Evan Bayh, former Congressman and New York University President John
Brademas, former Maryland Lt. Governor Kathleen Kennedy Townsend, and
former President Bill Clinton. 2008 visitors included then–Senators Barack
Obama and Hillary Clinton. Starting in 2004, Rose-Hulman Institute of
Technology in Terre Haute, Indiana, began celebrating Dyngus Day at the request
of South Bend students. Celebrations often include kielbasa, pierogi,
sauerkraut, and (of course) beer!