Business
Landlord Lag Time in Wisconsin
The benefit to renting over owning is avoiding unexpected repair costs, in contrast, it can mean having to wait for the landlord to make repairs. Who is responsible for making repairs and how long a landlord can take to make a repair depends on the issue. While a...
The Catch With An Account Stated
“An account stated is an agreement between a debtor and a creditor that the items of a transaction between them are correctly stated in a statement rendered, that the balance shown is owed by one party to the other and that the party has promised to pay that balance...
When Your LLC Designation is Not Enough
A limited liability entity, such as a LLC or Corporation, is an important part of protecting your individual assets from liabilities arising from your business. By operating the business within the limited liability entity, lawsuits stemming from the business - such...
Shareholder Rights With Corporations
As part of my business litigation practice, I regularly represent corporations and shareholders in corporations. On the shareholder side, parties often seek to learn more about what is going on with the corporation they partially own. Wisconsin law gives shareholders...
Wisconsin’s New LLC Act
The Wisconsin Legislature recently passed a new law governing limited liability companies in Wisconsin (the “Act”). The Act is primarily based on the most recent version of the Revised Uniform Limited Liability Company Act, albeit with certain Wisconsin specific...
Updating a Business Name in Wisconsin
Maybe your business has changed or maybe your tastes have, but the good news is that your business is not stuck with the first name you chose. The steps below describe how to legally change the name of a Wisconsin corporation. When changing your business’s name, it is...
WI Supreme Court Rules Against Bars and Restaurants on COVID-19 Pandemic Financial Losses
This article is a follow up to one I wrote on August 10, 2020 relating to potential insurance coverage for business losses due to the government shutdowns and restrictions for in-person dining during the COVID-19 pandemic. The first lawsuit on this issue was filed...
What is a Real Estate 1031 Excange?
In the field of real estate, a commonly used term is a 1031 Exchange. But what exactly is that? A 1031 Exchange is aptly named after Section 1031 of the U.S. Internal Revenue Code, which permits the deferral of capital gains tax in certain real estate transactions....
Are Contractors Actually Fully Insured?
Anyone who has inquired with, or hired, a contractor or homebuilder has invariably seen or been told by the company that they are “fully insured.” More times than not, this statement simply means that the company has a standard commercial general liability (CGL)...