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Single Member LLC: Still a Viable Choice for Liability Protection In April, 2003, a Federal Bankruptcy Court in Colorado held that a bankruptcy trustee could seize control of a single-member limited liability company (“SMLLC”) and liquidate its assets in order to satisfy creditors of the debtor-member. This case has created concern among many business owners …

Protecting Your Trademark By Caleb A. Williams SAALFELD GRIGGS PC You may have read the recent news reports discussing the dispute between the Tillamook County Creamery Association (“TCCA”), producer of Tillamook Cheese, and Tillamook Country Smoker, Inc. (“TCS”), producer of beef jerky. Tillamook County Creamery sued Tillamook Country Smoker for trademark infringement arising from TCS’s …

Planning Your Exit By SG Business & Taxation Practice Group SAALFELD GRIGGS It’s never too early to begin planning a graceful exit from your business. Whether you are moving to the next investment, turning the family business over to the next generation, or selling to other owners, planning early can help ease the transition for …

Personal Goodwill – A Neglected Business Asset with Tax Savings By Douglas C. Alexander SAALFELD GRIGGS PC Useful clauses After years of growing a successful business, the culmination of those efforts is often a sale of the company to a new owner. For mature businesses which have been operated as taxable “C” corporations, this may …

Partnership Equity For Services – New Rules Apply By SG Corporate Practice Group SAALFELD GRIGGS PC Recently, the Internal Revenue Service issued proposed regulations (REG-105346-03, May 24, 2005) that will change the tax treatment relating to the receipt of a profits interest by a person in exchange for providing services to a partnership, including limited …

Now is a Good Time for a Legal Checkup of Your Business By Caleb Williams SAALFELD GRIGGS PC Before the current economic downturn, most businesses experienced a number of years of prosperity and expansion. During periods of prosperity, business owners tend to be so busy serving customers or clients that they often did not take …

Local Investment Opportunities for Your Political Capital By Alan Sorem SAALFELD GRIGGS Every successful business prioritizes its resources in order to achieve the highest return on its investments. This principle is true for investments of both time and money. Most business owners understand that investing time and money in governmental affairs is necessary for their …

I Thought We Had a Deal We all heard this before: “In the good old days, we just shook hands and we had a deal.” Today, many people do not believe that a handshake is enough to enter into a contract. In the eyes of the law, however, for most contracts, a handshake or words …

Is an Investment in Your Company a Security? By Caleb A. Williams SAALFELD GRIGGS PC When people think of transactions which involve a security, what usually comes to mind is a purchase or sale of stock in publicly held companies such as General Electric or Microsoft. The securities laws, however, are much more broad, reaching …

HIPAA Compliance for the Non-Health Provider By Caleb A. Williams SAALFELD GRIGGS PC Many of our readers may be familiar with the privacy regulation recently promulgated under the Health Insurance Portability and Accountability Act (“HIPAA”). You may have been asked to sign an acknowledgment form at your doctor’s or dentist’s office regarding their efforts to …