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The Weekly Scenario from Steve Shane – 5.6.13
This content has been archived. It may no longer be relevantQuestion: My husband recently received an IRA from his mother who recently passed away. What are the rules surrounding inherited IRAs? Answer: The rules surrounding inherited IRAs can be tricky but generally speaking, when a person inherits an IRA, the inherited beneficiary must begin to…
Read|Delete 5.06.13
“Don’t assume that only money makes people happy.” Source: Ross McCammon, “Less is more: The Esquire guy serves up a lesson on what not to do,” Entrepreneur, May 2013.
Friday Factoid – 5.3.13
In 1790, Samuel Hopkins of Philadelphia was issued the first U.S. patent. The patent related to a method of making soap. Source: http://www.me.utexas.edu/~longoria/paynter/hmp/The_First_Patent.html
Read|Delete 4.29.13
“A leader sees greatness in other people. You can’t be much of a leader if all you see is yourself.” – Maya Angelou Source: “Life’s Work,” Interview with Maya Angelou by Allison Beard, Harvard Business Review, May 2013.
Friday Factoid – 4.26.13
According to a study published in April 2013, 82% of trademark applications prepared by an attorney received preliminary approval from the USPTO, whereas only 60% of the applications prepared without an attorney received such approval. Source: http://newsandinsight.thomsonreuters.com/Legal/News/2013/04_-_April/When_it_comes_to_trademark_applications,_lawyers_matter_-_study/
Read|Delete 4.22.13
M & A: SELL SIDE RULES RULE #1 – You have not sold your business until you have sold your business. RULE #2 – Get your money upfront, as soon as possible, and as much as possible. RULE #3 – Reduce and eliminate your trailing liabilities. Source: Michael N. Mercurio, M & A Advisory, “Sell…
Friday Factoid – 4.12.13
According to a recent USPTO report, in 2010 average weekly wages for private sector jobs in IP-intensive industries were 42% higher than average weekly wages for such jobs in non-IP-intensive industries. More specifically, wages for patent industry jobs were 73% higher and wages for copyright industry jobs were 77% higher than comparable average weekly wages…
Friday Factoid – 4.19.13
Several show business celebrities (including Eddie Van Halen, Zeppo Marx, Penn Gillette, Marlon Brando and Lawrence Welk) created inventions that received patents from the USPTO. Source: http://www.ironicsans.com/2007/01/celebrity_patents.html
HOA Board Director, Officer, or Both?
Q: Can a homeowners’ association (HOA) board of directors change the term served by the officers by a resolution, without a vote of the members? Our bylaws state that officers are appointed by the board for a one-year term, yet our officers are serving for three years. When I asked the board about this practice,…
Read|Delete 4.15.13
Which is the most tax friendly state? ALASKA According to the Tax Foundation, for the 17th straight year, Alaska ranks as the state with the lowest tax per resident, including federal, state, local taxes, sales taxes, fuel taxes, etc. – 6.6%. Alaskans don’t pay income or state sales tax and get refunds due to local…
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