Tag: LegalEase

When a group of people start, inherit or otherwise co-own a business together (like a traditional business, commercial building or farm), the operation will likely have more value as a collection of assets, opportunities and people (synergy) than the sum of the components separately.

For the last several years, a favorite number of many businesses (particularly farmers) has been 179. Number 179 represents Section 179 of the Internal Revenue Code.

In selling businesses and property, buyers and sellers sometimes discuss “seller financing”. In the context of real estate, these arrangements are sometimes casually called “land contracts”. Generally, in legal contexts, these arrangements are called “installment sales”.

We can struggle to define our roles when our parents, who have typically helped us, instead need us to help them.

In law school, my classmates and I initially thought that a tort was a type of pastry or donut, because we confused “tort” with “tart”.

TV shows and movies create stories around brides or grooms disappearing right before wedding ceremonies. But the change of heart to marry can obviously happen any time after a couple agree to marry. If only one person decides that the marriage is not going to happen, the other person can experience immense heartbreak.

Over time, our society has come to recognize that lead can be incredibly harmful, especially to children who are exposed to high levels of lead over significant periods of time.

I spent last weekend with my sister’s family in Columbus. We left for church on Sunday before the sun had risen. However, in the car, my preschool-age nephew saw a ray of light and proclaimed, “See, the sun is trying really hard to come up!”

Gifts include money, labor and items of value. The difference between a discounted sale price of an item and the fair market value of that item is also considered a gift. In other words, if I sell my truck to my niece for $1,000 less than the truck’s fair market value, I have given my niece a $1,000 gift.

I have not read all of the reports or watched all of the public service announcements recently made concerning the increase in the number of jury duty no-shows.