RIGHTS OF MINORITY SHAREHOLDERS IN A CLOSELY-HELD CORPORATION

What is a Close Corporation? Under Ohio law, a “close corporation” is defined as a corporation with a relatively small number of shareholders, whose shares are generally not traded on national securities exchanges or regularly quoted on over-the-counter markets.[1] A close corporation is also frequently characterized by an identity of management and ownership,[2] being comprised of a […]

Important Legislation Impacting Small Business

The 2021 new year arrived with two important legislative changes that impact privately owned businesses.  The first pertains to a new federal law that will require the identification and disclosure of privately held business owners.  It is known as the Corporate Transparency Act (“CTA”). The CTA was passed as part of the National Defense Authorization […]

Robinhood May Be Liable If You Lose Money Based On Its Recommendations

By: Hugh D. Berkson Robinhood has been in the news a lot again lately, and that news isn’t terribly favorable.  Given that we represent investors, not firms, we fielded a lot of calls about Robinhood’s potential responsibility related to folks’ losses related to GameStop, AMC, Nokia, and Blackberry.  To our great surprise, we concluded that, based on […]

Robert T. GlickmanManaging Principal, McCarthy, Lebit, Crystal & Liffman Co., LPA

Important Legislation Impacting Small Business

The 2021 new year arrived with two important legislative changes that impact privately owned businesses.  The first pertains to a new federal law that will require the identification and disclosure of privately held business owners.  It is known as the Corporate Transparency Act (“CTA”). The CTA was passed as part of the National Defense Authorization […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

McCarthy Lebit Welcomes Rebekah A. Branham as an Associate

CLEVELAND, OH (February 18, 2021) – McCarthy, Lebit, Crystal & Liffman Co., LPA is pleased to welcome Rebekah A. Branham to the firm as an associate in the Family Law group. Branham focuses her practice on assisting clients in all areas of domestic relations law including divorce, dissolution, spousal support and child support, post-decree litigation […]

Introducing Tracy Francis: The newest addition to our Litigation Group

McCarthy Lebit is pleased to welcome our newest Principal, Tracy Francis. Tracy focuses her practice on business litigation, complex commercial, class action, fraud, employment, product liability, environmental, intellectual property, and defamation litigation. She attended Xavier University where she earned her Bachelor of Arts degree in History, cum laude, and was a recipient of the Outstanding History Major Award. She […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

McCarthy Lebit Welcomes Tracy S. Francis as a Principal

McCarthy, Lebit, Crystal & Liffman Co., LPA is pleased to welcome Tracy S. Francis to the firm as a principal in the Litigation group. Francis focuses her practice on business litigation, complex commercial, class action, fraud, employment, product liability, environmental, intellectual property, and defamation litigation.  She has experience with all stages of litigation including drafting […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

Ohio Implements New Relief Programs for Struggling Businesses

Due to the tremendous financial impact that the COVID-19 pandemic has had on many of Ohio’s small businesses, Ohio Governor Mike DeWine recently announced two new relief programs that will be administered through the Ohio Development Services Agency. The Small Business Relief Grant (the “SBR Grant”) is a program designed to assist certain small businesses […]

Robert T. GlickmanManaging Principal, McCarthy, Lebit, Crystal & Liffman Co., LPA

5 Million Pieces of Mail Go Unopened Due to IRS Backlog

The Internal Revenue Service (IRS) is currently experiencing a backlog of over 5 million pieces of mail, about half of what it was a few months ago, stemming from pandemic-induced stoppages in operation. This includes roughly 2.5 million hard copy tax returns that have gone unopened, according to IRS Commissioner Charles Rettig. The backlog become […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

Whitt Sturtevant LLP joins IR as the exclusive Energy Law Member in US – Ohio

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Mark A. Whitt of Whitt Sturtevant LLP. Mark has joined IR as our exclusive Energy Law Member in US – Ohio. Whitt Sturtevant LLP is committed to promoting and achieving diversity within our firm and in the greater legal community. We believe […]

Mark A. WhittManaging Partner, Whitt Sturtevant LLP