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Congress Passes Trademark Modernization Act
Congress Passes Trademark Modernization Act Here’s What That Means for You, Your Business and Your Business’ Trademarks At the tail-end of 2020, the Trademark Modernization Act (“TMA”) was signed into law. The TMA, which received broad bi-partisan support in Congress, was passed to curb a substantial volume of improperly registered trademark registrations from so-called “bad…
Read moreIan S. Ludd Joins Mackenzie Hughes LLP Business Department
SYRACUSE, N.Y. – Ian Ludd has recently joined the business department of Mackenzie Hughes LLP after graduating cum laude with both a Juris Doctor degree from the Syracuse University College of Law and a Master of Public Administration degree from the Maxwell School of Citizenship and Public Affairs. During Law School Ian was a member…
Read morePurchasing Property with a Lease
Often when purchasing a company, certain assets pose issues not easy to discern. For example, a Purchaser can buy real estate through a purchase contract and perhaps even personal property such as furniture and furnishings, fairly easily. When purchasing real estate, title insurance can be ordered, surveys re-dated, and abstracts renewed. Information on mortgages can…
Read moreI received an unexpected offer to purchase my business. What do I do now?
Many business owners have been caught off guard by the receipt of an unexpected offer from a third party to purchase their business. Here are six immediate steps that you should consider taking if this happens to you. 1) Request a letter of intent. If you haven’t received a signed letter of intent (LOI) from…
Read moreReview Of Partnership And LLC Operating Agreements Needed Prior To January 1, 2018
In the past partnerships and limited liability companies that have elected to be taxed as partnerships[1] have rarely faced an Internal Revenue Service (“IRS”) audit. In part, this is because of the administrative burden faced by the IRS in attempting to collect tax resulting from partnership audit adjustments. The current partnership audit scheme requires partnership…
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