Legal Blog
Subscribe To Our Blog!
Legal Resources
The Weekly Scenario: Gift Taxes On Gifts From Outside the US
This content has been archived. It may no longer be relevantQuestion: Does an individual receiving a gift from a person outside the U.S. have to pay gift tax on that gift in the U.S? Answer: In the U.S., a gift is not subject to ordinary income tax so it is not reportable for income tax…
Offit Kurman Attorneys Alison K. Noll and Lauren Jenkins Named Top Financial Professionals
Northern Virginia Magazine’s September issue just hit newsstands and Offit Kurman is proud to announce two of our attorneys have been named “Top Financial Professionals” in the 2015 list. Alison Noll and Lauren Jenkins were both listed on this prestigious list of professionals in the Northern Virginia area. Northern Virginia magazine’s annual Top Financial Professionals…
Helpful Tips: Selecting the Best Advisory Board Members
To whom do you turn for advice about running your business? How many people have knowledge of your most critical organizational problems? Do you have the credibility you need to make the difficult, necessary decisions your team needs you to make? The day when a sole entrepreneur’s operation grows into a company is an important…
Read | Delete: Happy Labor Day!
Although Labor Day hails from Canada and the US, a large number of industrialized nations around the world celebrate Labor Day as a time to respect and reflect upon workers around the world. While not all celebrate it at the end of summer, the concept is similar, and is sometimes celebrated in combination with May…
Compensation and Compliance Matters: Loan Officer Comp Rules Obscured by ‘Unforeseeable Circumstances’
Under the current loan officer compensation rules, one point that isn’t completely clear is whether a lender may charge LOs a preset flat dollar amount in the event they make a mistake. Similarly, a generic number of allowed pricing concessions could encourage incentive to upcharge consumers across the board — the exact behavior the rules…
Howard Kurman Explains What Business Owners Need to Know About the President’s New Overtime Pay Rule
President Obama recently stunned employers when he announced a new overtime pay rule. The President’s proposal, which would go into effect in 2016, raises the salary cap for mandatory overtime to $50,400 per year—more than double the current threshold. That means millions of American workers considered exempt today will soon eligible to receive overtime pay….
Friday Factoid: High Schools Must Carefully Select Team Names and Logos
Many college football teams have registered their team names and logos with the USPTO and regularly challenge the use of such marks by high school teams. Source: National Federation of State High School Associations If you have any questions regarding the content of this communication, please contact Jonathan R. Wachs: jwachs@offitkurman.com | 301.575.0302. If you would like to subscribe…
Baltimore Business Journal Recognizes Offit Kurman as a Top Social Company
Offit Kurman has placed 25th on Baltimore Business Journal’s Most Social Companies list. The newspaper, which covers the Baltimore MD, metropolitan area business community, debuted the list last week. Membership on the list is open only to companies on Baltimore Business Journal’s Top Public Companies list for 2015 and Top Private Companies list for 2014,…
Failure to Pay Overtime Can Lead to Criminal Consequences and Extensive Penalties
It is hard to imagine that, as a company owner, you could be criminally prosecuted for failing to pay proper minimum wage and overtime compensation to employees. However, this is exactly what happened recently to the owner of nine Papa John’s pizza franchises in New York. In this particular case, the franchise owner failed to…
A Conversation with Joe DeMattos, President and CEO of Health Facilities Association of Maryland
Advocating for long-term healthcare providers to improve the quality and cost of services across Maryland Joe DeMattos is the president and CEO of Health Facilities Association of Maryland (HFAM), the largest, oldest, nationally-affiliated association of skilled nursing and post-acute care providers in Maryland. Since 1948, HFAM has been dedicated to advocating for Maryland’s community of…
Skip to content