VanAntwerp Attorneys, LLP
Phone: 606-618-0698

January 2018 Archives

What constitutes due diligence when buying a business? Part 2

In our last post, we began a list of due diligence questions to ask when purchasing an existing business. Today, we add additional examples of what you should cover to ensure you aren't taken by surprise.

What constitutes due diligence when buying a business? Part 1

When you buy an existing business, you probably know that "due diligence" is your responsibility. That basically means finding out all the relevant information about the business -- everything you would need to know to run the company and to live up to its current obligations, which you will be assuming.

What is an advance healthcare directive?

Benjamin Franklin famously claimed that "nothing can be said to be certain, except death and taxes." Estate planning, in fact, addresses both of what this founding father believed to be inevitable. Not only does your estate plan include finances and tax strategy to help your beneficiaries, but it can also determine the events in your final moments.

Time spent working via cellphone may be compensable overtime

Are your employees in the habit of checking in after hours via cellphone, instant messenger or email? Are they tracking their hours? They should be. Under the Fair Labor Standards Act, employees must be paid for all work they perform that the employer knows or should know about.

New tax law will change treatment of alimony payments

The tax law Congress passed last month will have a direct impact on couples who divorce in 2019 or later. It may also have an indirect impact on negotiations taking place now. The new law ends the 75-year-old tax deduction for alimony, which is called "maintenance" in Kentucky.

Planning for business succession: what questions should you ask?

If you are a successful Kentucky business owner, you are fully aware of the reality that one day you will need to turn your business over to a capable successor. The U.S. Small Business Administration reminds entrepreneurs to plan ahead for that day rather than think of it as a one-time event. The SBA also offers guidance for exactly how to do that.

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