The prestigious Chambers USA 2017 Directory has included O'Neil, Cannon, Hollman, DeJong & Laing S.C. as one of the Notable Firms in the category of Corporate/M&A
INDIVIDUAL'S RANKING IN CHAMBERS USA 2017
RECOGNISED PRACTIONERS
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Jim DeJong
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The Chambers directories, published by London-based Chambers and Partners, rank attorneys and law firms based on a year-long objective research process. The process includes interviews with outside attorneys and feedback from clients.
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Attorney Jean Ansay is Recognized by the
THREE YEARS 10 BEST FAMILY LAW ATTORNEY FOR CLIENT SATISFACTION
Congratulations Jean!
The AIOFLA Institute is a third-party attorney rating organization that conducts client and/or peer nominations, research and independent evaluation to determine the top ratings for lawyers.
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THANKS FOR JOINING US!
A huge thank you to all of you that participated in the
Over $14,000 was raised to help our Milwaukee community afford legal assistance.
Also a tremendous thanks to
and
for their continued dedication to making this event a huge success!
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Don't Sell Yourself Short:
Early Tax Planning to Maximize the Sale of Your Business
What part of selling a business is most important to sellers? Most would respond that receiving the highest purchase price is most important. At first blush, this makes sense. However, sellers often focus on the number of zeros in the purchase price and ignore the fact that paying a large amount of income taxes will effectively reduce the purchase price. Really, sellers hope to walk away with the most cash in their pockets, i.e. the most after-tax proceeds. Sellers can maximize their after-tax proceeds by engaging in tax planning early. Too often, sellers lose out on tax savings by not considering the tax consequences of a sale sooner.
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It's Past June 9!
Are You Ready to Comply with the Final Fiduciary Rule?
At 11:59 p.m. on Friday, June 9, 2017 (the Effective Date), the ERISA definition of a fiduciary expanded to include, for the first time, many financial firms and advisors that provide investment advice to certain employer-sponsored retirement plans and individual retirement accounts (IRAs). This is because part of the final Department of Labor (DOL) Fiduciary Rule (described in our prior post) takes effect at this time, and will apply to anyone receiving a fee for providing a "recommendation" regarding covered investment transactions. "Recommendation" is broadly defined to include communications that are likely to be considered a suggestion to take, or to refrain from taking, a particular course of action.
Now, ERISA fiduciary duties will also extend to the provision of a recommendation regarding whether or not to take a rollover or distribution from an ERISA retirement plan or an IRA, even if the rollover or distribution recommendation is not accompanied by investment advice.
Key requirements and recommendations for both investment advisors and employer retirement plan sponsors are summarized
here.
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Creating a Successful Succession Plan: Value
A successful succession plan maximizes the value of the business in order to take care of the people the owner cares about. Of course, that raises an important question: "What factors maximize the value of a business in transition?" That question leads to another important question: "Why does a buyer want a particular business?" The answer to this question is of course that the buyer wants a business that will produce sufficient post-transfer cash flows to provide the buyer with (1) sufficient cash to service the debt or equity raised to facilitate the purchase, and (2) a rate of return commensurate with the risk of the purchase. Essentially, a buyer wants a business where post-transaction cash flows are projected to grow.
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Proud to be a Member of Meritas, a Multi-National
Network of Business Law Firms
O'Neil, Cannon, Hollman, DeJong & Laing S.C. is the Milwaukee, Wisconsin member of Meritas, a global alliance of over 7,546 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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