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The Corporate Transparency Act
February 25th, 2022
Do you own 25% of any entity, or directly or indirectly exercise substantial control over any entity? Have you or your attorney filed an application to form a corporation, limited liability company, or other similar entity? Have you bid on a government or federal project? Congratulations! You are now required to file a Beneficial Ownership Information Report (BOI). You may ask why? The government believes that “while such entities play an essen…
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Super Lawyers Rising Star
January 11th, 2022
Palecek, McIlvaine, Hoffmann & Morse Co., LPA is proud to announce that Attorney Brandon Davis has been selected by Super Lawyers® to the 2022 Ohio Rising Stars list. The Rising Stars list recognizes the top up-and-coming attorneys in the state 40 years old or younger, or in practice for 10 years or less. Only 2.5 percent of the lawyers in the state are selected for this honor. Super Lawyers is a rating service of outstanding lawyers who hav…
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Mineral Rights
January 4th, 2022
Mineral rights are the rights to own and access natural resources like coal, oil, salt or other minerals underneath the surface of one’s real property. It is possible to sever the rights between the surface property where, for example, a house may sit, and the mineral rights beneath. In the Northeast Ohio area, landowners most frequently encounter this in the form of an oil and gas lease. Oil and gas leases allow for a drilling or energy compan…
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Ohio Adopts New Limited Liability Company Act
September 14th, 2021
On February 11, 2022, the Ohio Revised Limited Liability Company Act (the “New Act”) will be applicable to all Ohio limited liability companies. The New Act completely replaces the existing Ohio Limited Liability Company Act codified in Chapter 1705 of the Ohio Revised Code with new Chapter 1706 of the Ohio Revised Code. The New Act places an emphasis on allowing businesses to conduct themselves according to their needs and protecting busines…
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