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An Ounce of Prevention is Worth a Pound of Cure: How to Reduce Legal and Business Risk

An Ounce of Prevention is Worth a Pound of Cure: How to Reduce Legal and Business Risk If you own a business, you know that entrepreneurship and risk go hand in hand. Many small to mid-size businesses are not equipped to keep track of legal compliance issues, and without the guidance of an attorney these […]

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Maximizing Your Business Value: How to Generate a High Value Exit

Maximizing Your Business Value: How to Generate a High Value Exit There comes a point in time when every business owner plans to exit his or her business, whether as a result of a sale to a third party, transition to the next generation of the family or otherwise.  It is critically important to plan […]

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IRS Extends Like Kind Exchange Deadlines

Pursuant to Notice 2020-23, issued April 9, 2020, the IRS extended numerous tax related deadlines, providing relief for a variety of time sensitive actions due to be performed from April 1, 2020 to July 15, 2020.  Included in the relief were extensions to the 45 day identification (the “45 Day Identification Period”) and 180 day […]

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UPDATED SBA GUIDANCE ON PAYROLL PROTECTION LOANS

Updated SBA Guidance on Payroll Protection Loans On April 1, 2020, the U.S. Small Business Administration (“SBA”) issued some preliminary guidance relative to the newly authorized “payroll protection loans” (“PPLs”) under the CARES Act, as well as publishing a sample application form which we have discussed in previous articles. According to the SBA’s guidance, the […]

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IMPACT OF CORONAVIRUS ON 1031 EXCHANGES

IMPACT OF CORONAVIRUS ON 1031 EXCHANGES Because we are fielding a variety of inquiries about the impact of Coronavirus on Section 1031 like-kind exchanges, we thought it would be helpful to post some information for public consumption. What is a Section 1031 like-kind exchange? Section 1031 of the Internal Revenue Code of 1986, as amended […]

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CESSATION OF IRS ENFORCEMENT ACTION

Cessation of IRS Enforcement Action In addition to the recently passed Coronavirus related legislation signed into law, we are seeing a variety of regulatory responses to the crisis. For instance, under the recently announced “IRS People First Initiative,” the IRS has postponed a variety of compliance actions in response to the Coronavirus crisis. The takeaway […]

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PAYROLL PROTECTION LOANS – FREQUENTLY ASKED QUESTIONS

PAYROLL PROTECTION LOANS FREQUENTLY ASKED QUESTIONS We are fielding large numbers of questions about the so-called “payroll protection loans” recently made available under the CARES Act. What follows are some frequently asked questions and answers.   What is a payroll protection loan? Low interest, partially forgivable loans administered by the U.S. Small Business Administration (“SBA”) […]

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THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (“CARES Act”)

  The CARES Act provides an immediate and substantial federal government response to the ongoing Coronavirus pandemic in a variety of contexts.  What follows is a high level summary of certain tax and other relief that we expect to result from the passage of the CARES Act, provided that it passes in its most recent […]

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1031 Exchanges in Real Estate Investing

1031 Exchanges in Real Estate Investing Nikki Williams, Esq. Watson Sloane PLLC The real estate market is an integral part of the economy and is generally one of the measures used to gauge the health of the larger economy. Federal, state, and local governments and agencies often establish policies to encourage real estate investors to […]

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The Anticipated Discontinuance of Publication of USD-LIBOR

Market Reactions To, and Proactive Measures To Be Taken In Connection With, The Anticipated Discontinuance of Publication of USD-LIBOR John R. Stokes, Esq. Watson Sloane PLLC In July 2017, the Financial Conduct Authority of the United Kingdom (FCA), the body overseeing the London Interbank Offered Rate (LIBOR) announced the possible phase out of publication of […]

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Bond financing: The best-kept secret for Central Florida manufacturers

Many privately-owned manufacturers in Central Florida often are faced with the need to get long-term financing for capital projects, including the financing of primary manufacturing facilities, as well as the purchase of equipment. What many of those companies don’t realize is that tax-exempt and taxable bond financing may be an alternative way to finance these […]

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How Bond Financing can help Central Florida’s Nonprofits looking to raise big money

How bond financing can help Central Florida’s nonprofits looking to raise big money Many nonprofit entities in Central Florida often are faced with the need to get long-term financing for capital projects, including financing or refinancing the cost of the acquisition, construction and equipping of educational facilities, health care facilities, wellness centers or social service […]

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Thinking About Selling Your Home? How a Real Estate Lawyer Can Answer All Your Questions

Has your family size recently increased or decreased? Do you need more space for your work-from-home business? There are a variety of reasons that lead to the purchase and sale of homes. If you are looking to put your house on the market, there are several steps to take before you can do so. One […]

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FORMING A NONPROFIT ORGANIZATION?

FORMING A NONPROFIT ORGANIZATION? HERE’S WHAT YOU NEED TO KNOW ABOUT 501(C)(3) VS 501(C)(6). There are many similarities as well as significant differences when it comes to 501(c) organizational structures. When creating a new nonprofit organization in Orlando or in the State of Florida, it is prudent to consult with legal and tax professionals with […]

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Developing or Acquiring Commercial Property? How a Real Estate Lawyer Can Help

The purchase or acquisition of commercial property can oftentimes be a great financial investment. However, along with that great investment comes an even greater responsibility to adhere to the rules set forth in the purchase and sale contract as well as local governing laws and regulations. There are many legal aspects to consider when purchasing, […]

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WHAT’S IN YOUR LEASE?

COMMERCIAL LEASE DRAFTING IN THE STATE OF FLORIDA Similar to that unavoidable credit card slogan constantly reminding you that your wallet should contain that credit card, it is essential for you, as either a landlord or a tenant, to both understand all of the terms in your lease and to ensure that your lease properly […]

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