Firm Insights

LLCs Taxed as S Corporations: Welcome Relief for Inadvertent “S” Failures

LLCs Taxed as S Corporations: Welcome Relief for Inadvertent “S” Failures

By Laura E. Krebs Al-Shathir / June 1, 2023 / Comments Off on LLCs Taxed as S Corporations: Welcome Relief for Inadvertent “S” Failures

  A Disaster Waiting to Happen  Picture it: The year is 2003. You are an owner of a limited liability company that has elected to be taxed as an S corporation. When you formed your LLC, you worked with an attorney to draft the operating agreement, and your CPA filed the S election. You went…

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Fair Use Face-Off: Warhol vs. Goldsmith – Unpacking the Unexpected Ruling

Fair Use Face-Off: Warhol vs. Goldsmith – Unpacking the Unexpected Ruling

By Pete Salsich / May 19, 2023 / Comments Off on Fair Use Face-Off: Warhol vs. Goldsmith – Unpacking the Unexpected Ruling

  Yesterday morning the Supreme Court issued its long-awaited ruling in one of the most closely-watched copyright cases in a long time – Andy Warhol Foundation v. Goldsmith. This case raised the question of whether pop artist Andy Warhol’s silkscreen painting of rock star Prince infringed on a photograph of Prince on which it was…

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Worried That Your Property Taxes Are about to Go Up?

Worried That Your Property Taxes Are about to Go Up?

By Francis X. Miller / May 9, 2023 / Comments Off on Worried That Your Property Taxes Are about to Go Up?

  Many Missouri property owners have discovered that their property values have increased – at least according to their county assessors.  If you believe the assessor may have overvalued your property, the law gives you the right to appeal that valuation.  Understanding the process and some of the terminology involved can increase your chances of…

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