Insights

When purchasing a business, buyers often prefer that the transaction be structured as an asset purchase rather than a stock purchase. In a stock purchase, the buyer purchases the target company as an entity, and therefore assumes the seller’s liabilities, since the company being acquired retains all of its liabilities as a matter of law....Read More

Congratulations to Mike Schopmeyer, a Kahn, Dees, Donovan & Kahn co-managing partner, on receiving the 2015 Richard A. Schlottman Business Person of the Year Award from the Southwest Indiana Chamber! This award is given annual to recognize a business person who serves our region by promoting and protecting business in reflection of the Southwest Indiana Chamber...Read More

Buying a home is a huge decision – and a major investment.  “Back in the day,” a couple would only purchase a home after getting legally married, and their joint ownership of the property was relatively clear cut from a legal perspective. These days, a growing number of home-buying couples are unmarried.  It is important...Read More

In a much anticipated decision issued on August 27, 2015, the National Labor Relations Board (“NLRB” or “the Board”) set forth its new and much more inclusive test for determining joint employer status (BFI Newby Island Recyclery, 362 NLRB No. 186). As a result, many employers may find themselves in an employment relationship for National Labor...Read More

When purchasing a business, buyers often prefer that the transaction be structured as an asset purchase rather than a stock purchase. In a stock purchase, the buyer purchases the target company as an entity, and therefore assumes the seller’s liabilities, since the company being acquired retains all of its liabilities as a matter of law....Read More

On Monday, July 27, 2015, in the case of Tsareff v. ManWeb Services, Inc., the Seventh Circuit Court of Appeals (which includes Indiana and Illinois) ruled that an engineering and construction company that entered into an agreement to purchase the assets of another contractor (that was a party to a collective bargaining agreement) may be liable...Read More

In a surprise decision, the National Labor Relations Board (“NLRB” or “Board”) has declined to assert jurisdiction over the representation petition filed by the Northwestern University football players. This means that the petition will be dismissed without the Board making a decision on whether or not the scholarship athletes are statutory “employees.” In March of...Read More

Kahn, Dees, Donovan & Kahn, LLP (KDDK) is pleased to announce that eight KDDK partners have been included in The Best Lawyers in America© 2016. First published in 1983, The Best Lawyers in America has become regarded as the definitive guide to legal excellence. Best Lawyers is based on an exhaustive peer-review survey in which...Read More

The IRS is expected to issue regulations this fall that will substantially limit the use of family limited partnerships and family limited liability companies.  These entities are often used as a method to gift assets to children and other family members at discounted values, often as much as 40%. It appears that the regulations will...Read More