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Compensation and Compliance Matters – December 30, 2013
This content has been archived. It may no longer be relevantFive Key January Steps for Lenders By the next time you read one of these blogs, many of the changes we have been preparing for as an industry will have become effective. While the list of changes is far too extensive to summarize here, I…
Read|Delete – 12.30.13
The Superrich by the numbers: Name Company 2013 Earnings Net Worth Warren Buffet Berlshire Hathaway $12.5 B $58.5 B Sheldon Adelson Sands Corp. $8 B $28.5 B Christy Walton Walmart heir $7.5 B $35.4 B Michael Bloomberg Bloomberg News M + $6 B $31.5 B Bill Gates Microsoft et al $6 B $72 B Source:…
Friday Factoid – 12.27.13
New Year’s Eve-related inventions that received patents from the USPTO include a safety champagne cork, a device for launching confetti, a noisemaker to be worn on shoes, and a combination noise maker/candy holder for children. Source: http://www.ipwatchdog.com/2012/12/31/essential-new-years-eve-innovations/id=32515/
Read|Delete – 12.23.13
Wishing you and yours a joyous holiday and successful New Year. ~ Mike
Compensation and Compliance Matters – December 23, 2013
Expense Reimbursement In an effort to create both production incentives and attract employees, many lenders have used a practice of reimbursing certain expenses, such as lead services, contingent on production levels. This practice is, however, potentially unlawful. Indeed, HUD prohibits a lenders’ employees from being forced to pay business expenses. When a lender reimburses an…
The Weekly Scenario from Steve Shane – 12.23.13
Question: Has there been any further clarification by the IRS as to the federal tax consequences of same-sex marriages after the Supreme Court’s ruling in Windsor? Answer: A couple months ago, I told you about the recent Windsor case, in which the Supreme Court found that a portion of DOMA (the Defense of Marriage Act)…
Friday Factoid – 12.20.13
The domain name of the now defunct law firm Dewey LeBouef (www.dl.com) was recently sold at auction for $210,689. Source: http://www.law360.com/legalindustry/articles/485141
Offit Kurman Business Litigation Attorney in the Corporate Counsel
Offit Kurman’s business litigation group and Group Chairperson, Don Foster, were recently featured in Corporate Counsel magazine’s list of Top Rated Lawyers®. This list is designed to assist readers in the selection of qualified outside counsel. Top Rated Lawyers® features lawyers, like Mr. Foster, who have achieved an AV® Preeminent™ Peer Review Rating. Offit Kurman…
Offit Kurman Financial Compliance Attorney Interviewed by The Baltimore Sun
Offit Kurman financial compliance attorney Ari Karen was interviewed by The Baltimore Sun for the article “Five questions with…Ari Karen.” The article discusses the purpose of C3 Compliance Consultants, an affiliate company of Offit Kurman. Mr. Karen is both founder and director of the new venture. C3 Compliance Consultants was created to assist lenders across the…
The Nature of Business Transactions and the Importance of Exit Planning
As you may recall from our previous blog, “From Exit Planning to Acquisition: How Deals Get Done,” Offit Kurman both participated in and co-sponsored the seventh annual Baltimore Business Journal (BBJ) “Knowledge is Power” quarterly breakfast speaker series. The event took place on Friday, December 6, 2013 at the Hotel at Arundel Preserve. The BBJ welcomed four…
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