Quarterly Publication                                                                                                             October 2017
  
Welcome
Attorney
Nicholas G. Chmurski
Joins Our Firm
 
 
 
 is a member of the Business Law and Real Estate & Construction Groups. Before joining OCHDL, Nick was a law clerk in the Bankruptcy Court for the Eastern District of Wisconsin. Nick's business background and clerkship experience make him a valuable resource for our clients.

We are very excited to have Nick join our firm.
 Recognition
Congratulations 
to Our Attorneys Listed in The Best Lawyers in America® 2018

*  Jean M. Ansay
*  Douglas P. Dehler
*  James G. DeJong
*  Seth E. Dizard
*  Pete J. Faust
*  Robert R. Gagan
*  John G. Gehringer
*  Joseph E. Gumina
*  Carl D. Holborn
*  Dennis W. Hollman
*  Grant C. Killoran
*  Dean P. Laing
*  Gregory W. Lyons
*  Gregory S. Mager
*  Patrick G. McBride
*  Thomas A. Merkle
*  Steven J. Slawinski
*  William A. Wiseman

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Best Lawyers has become universally regarded as the definitive guide to legal excellence, and is based on an exhaustive  peer-review survey.
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Article
401(k) Plan Errors Cost Sellers of Company Nearly $200,000
 
A recent Court of Appeals decision provides a tangible example of the costs of ignoring employee benefit compliance requirements.  In Tatum v. SFN Group, Inc. (No. 16-11966, 6/23/17), the 11th Circuit affirmed that the purchase price paid for a CFO-outsourcing firm was properly reduced in light of compliance errors in the operation of the company's 401(k) Plan.



Article
Seventh Circuit Court of Appeals Rejects "Worthless" Subway Class Action Settlement
  


The Seventh Circuit Court of Appeals rejected a settlement of a class action lawsuit that alleged Subway's "footlong" sandwiches failed to measure up. The settlement offered "zero benefits for the class" and only served to enrich class counsel, according to the Court of Appeals. Thus, the class action settlement was rejected and the case was remanded to the district court.


Article
Avoiding Pitfalls When Adding Sweat Equity Members in an LLC
  
Many owners and businesses desire to reward employees with ownership interests for services rendered. This can be a valuable incentive that recognizes past accomplishments and improves employee engagement and retention by allowing them to share in the success of the business without requiring a capital investment.

financial_advisor_chart.jpg


It's Time to Amend 403(b) Retirement Plan Documents!


For any eligible sponsor of a 403(b) Plan, it is critical to ensure the ongoing tax-compliance of the plan, to conform your document to the form of an IRS pre-approved 403(b) document (available for use since March 2017) by no later than March 31, 2020.
Proud to be a Member of Meritas, a Multi-National
Network of Business Law Firm

O'Neil, Cannon, Hollman, DeJong & Laing S.C. is the Milwaukee, Wisconsin member of Meritas, a global alliance of over 7,587 experienced lawyers in 182 full-service law firms serving 241 markets.
 
Through Meritas, clients seeking legal services can easily connect with pre-qualified legal expertise worldwide. OCHD&L and all Meritas firms must consistently meet rigorous quality standards and a stringent code of ethics. Meritas firms are also required to participate in ongoing recertification and client satisfaction evaluations.
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