by Rachel Boynton, CM&AA I often receive calls from owners of human services companies who say something along the lines of, “I don’t know what I don’t know” concerning selling their company. What’s important to understand is that it’s okay not to know everything about selling a company. It’s a complex process, which is why […]
Article Highlights: Unemployment Benefits Taxability To Skip or Not Skip the 2020 Required Minimum Distribution Special Charitable Giving Opportunities Divorced or Separated Planning Issues Potential State Health Insurance Penalties Dealing with Disaster Losses in 2020 Retroactive Kiddie Tax Rules – Amended Opportunity Retroactive Tax Benefits May Provide Refunds Preparing for Home Sale Reporting Avoiding Underpayment […]
by Rachel Boynton, CM&AA At VERTESS, we are often asked what value we can bring to sellers as they decide to sell their business. We often talk about our large contact list of buyers and our experience as a business operator/owner and seller or as a merger and acquisition (M&A) advisor. However, a study conducted […]
AUTHORED BY EKATERINA LONG Domestic financial institutions and agencies of foreign banks operating in the U.S. must comply with the requirements of the Bank Secrecy Act. [1] The BSA broadly defines financial institution, encompassing, brokers or dealers in securities or commodities, credit unions, commercial banks, and trust companies. [2] The BSA obligates these institutions to maintain […]
Board-Certified Bankruptcy Lawyer Joins Houston Office as a Partner OUSTON and FORT WORTH, Texas, July 27, 2020 /PRNewswire/ — Forshey Prostok L.L.P. is proud to announce the addition of Deirdre Carey Brown, pllc, as a Partner in the firm’s Houston office. Board Certified in Business Bankruptcy by the Texas Board of Legal Specialization, Ms. Brown has 20 years of bankruptcy and restructuring experience. Her work […]
FORT WORTH, Texas, Aug. 3, 2020 /PRNewswire/ — The complex bankruptcy and restructuring law firm Forshey Prostok L.L.P. is pleased to announce the addition of Michael D. “Mickey” Ricketts as Of Counsel in the firm’s Fort Worth headquarters. Mr. Ricketts, who handles bankruptcy and commercial litigation, has also done extensive work as an intellectual property litigator, successfully representing plaintiffs and defendants […]
by Rachel Boynton, CM&AA For anyone running a business, it is always important to develop a succession plan. Who will take over leadership if someone moves on? How will you keep the cogs turning when you have a change in control? Yet many small- to mid-sized business owners are so mired in the details of […]
By Jim Bullock Debate over the rule issued in June by the Office of the Comptroller of the Currency—that the valid interest rate on a national bank loan remains permissible after being sold to a state or local entity notwithstanding state usury law—has moved to the courtroom. Attorneys General for California, Illinois and New York […]
Jeff Prostok, a Fort Worth bankruptcy lawyer with the firm Forsey Prostok, said that the bankruptcies already filed have been enormous. The reason many companies are holding off going to court is the lack of funding to exit bankruptcy in a financially health position. “There is so much uncertainty,” Prostok said. “How do you reorganize […]
Tuesday, August 4th 12:25-1:45 PM CDT USMCA has finally passed. What does this mean to the International Trade community? How is this agreement different from NAFTA? Will all the rulings I have under NAFTA need to be updated for them to be valid for USMCA? What changes did we get on country of origin rules? So many questions need […]
Your presenters: Adrienne Braumiller, Founder & Partner, Bruce Leeds, Senior Counsel, Braumiller Law Group, and Linnea Deeds, Director of Educational Services, Braumiller Consulting Group Tuesday, July 21st 10:30 AM- 11:30 AM CDT Last chance to register! In a Federal Register notice of June 5, 2020 U.S. Customs & Border Protection published proposed revisions to the […]
Join us for an informative webinar on: USMCA Chapter 25 Working with USMCA Representatives Thursday, July 23rd, 11 a.m. – noon , CDT The newly enacted “United States Canada Mexico Trade Agreement” (“USMCA”) includes substantial improvements from its predecessor NAFTA, some of which simply did not exist in the previous tri-lateral […]