Summers Compton Wells is proud to announce that David A. Sosne and Seth Albin have both been named on the Missouri Lawyers Weekly Power List for 2021 in the area of Bankruptcy Law! David and Seth are truly honored to be named on this list. The list of thirty attorneys throughout Missouri is compiled by the […]
The legal test for determining your home state for tax purposes is your place of domicile, which is somewhat different than residence, but the terms are often used interchangeably and residence is used below because most people think in terms of residency, rather than the technically correct domicile. Domicile means the place a person intends
Factors to Consider Regarding State of Residence for State Tax Purposes Read More »
Mallory Fisk was recently selected by St. Louis Small Business Monthly as one of the “Top 100 St. Louisans to Know to Succeed in Business” for 2021. Mallory was chosen by a panel of judges and recognized for her efforts in the April 2021 issue of St. Louis Small Business Monthly. Mallory is a partner
The Treasury Department and Internal Revenue Service (IRS) have issued a new notice under the Taxpayer Certainty and Disaster Relief Act of 2020 (the “Act”) which provides guidance on the 100% deduction for food and beverage expenses provided by a restaurant and incurred after December 31, 2020 and before January 1, 2023. The purpose of
Summers Compton Wells LLC has prepared a summary regarding the latest installment of COVID-19 relief and stimulus legislation, the American Rescue Plan Act of 2021. This summary provides information on new and expanded grant programs and tax benefits for businesses and employers, including: The State Small Business Credit Initiative Economic Injury Disaster Loans The Restaurant
Summary of the American Rescue Plan Act of 2021 Read More »
New Missouri cases demonstrate that protection is paramount. By: Jim Nowogrocki Trade secret litigation has been on an upward trajectory in recent years, especially with the passage of the Defend Trade Secrets Act of 2016. As recent Missouri federal decisions show, an essential legal component is that an owner must show that it has taken
Are Your Trade Secrets Under Lock and Key? Read More »
Summers Compton Wells has prepared a summary of the new Second Draw PPP Loan Program that may be helpful for borrowers who received a first round PPP loan and still had a 25% reduction in gross receipts due to COVID-19. These loans are available beginning the week of January 11, 2021. The application deadline is
Summary of Second Draw PPP Loan Program Read More »
Summers Compton Wells has prepared a summary of the recently re-opened First Draw PPP Loan Program that may be helpful for eligible borrowers who did not previously receive PPP loans. These loans are available beginning the week of January 11, 2021. The application deadline is March 31, 2021. For more information, see the summary linked
Summary of First Draw PPP Loan Program Read More »
In the Notice of Assignment (the “Notice”) for the Benefit of Creditors Relating to FSM Company 1A, LLC f/d/b/a The Printing Source (“TPS”), I indicated that I would provide periodic reports of the events concerning the liquidation of the assets of TPS. As I indicated in the Notice, the primary assets of TPS included real
Assignee’s Report of Events as of December 31, 2020 Read More »
By: Jim Nowogrocki Finding that a territory manager’s use and disclosure of a former employer’s trade secrets appeared inevitable, a federal judge in Missouri recently issued a temporary restraining order (TRO) prohibiting his current employment with an industry competitor. In its preliminary ruling, the Court decided that the plaintiff, a national beverage distributor, was likely
Missouri Federal Court Upholds Non-Compete and Trade Secret Agreement Read More »
