SMDK Attorneys Presented at the International Council of Shopping Centers Regional Retail Development & Law Symposium

Singerman, Mills, Desberg, & Kauntz Co., L.P.A. attorneys Gary Desberg and Jacqueline Hoelting presented at the International Council of Shopping Centers Regional Retail Development & Law Symposium, a conference focusing on current business and legal issues affecting the shopping center industry. Mr. Desberg moderated a panel discussion, “Property Management: Maintaining and Improving the Pro-Forma – Operational […]

Increase in the Federal Exemption Could Mean It’s Time to Review Your Trust

By William M. Mills, Esq. Over the last decade, the total value of property that an individual can pass free of federal estate tax at death has more than doubled.  The so-called “unified credit” or “applicable exclusion amount” (the “federal exemption”) allows an individual dying in 2016 to pass up to $5,450,000 of assets without incurring […]

Long-Awaited but Unfavorable IRS Guidance on Section 50(d) Income for Historic Tax Credit Master Lease Structures

By Edmund G. Kauntz, Esq. On July 21, IRS issued temporary regulations which provide long-awaited guidance regarding the income to be reported by the master tenant of a project claiming Federal historic tax credits (HTCs) when the project owner elects to pass-through the HTCs to the master tenant (Treasury Regulation Section 1.50-1T). Owners engaging in a […]

Congratulations to the 2017 Best Lawyers

Singerman, Mills, Desberg & Kauntz Co., L.P.A. would like to congratulate Paul Singerman, Gary Desberg, Ronald Teplitzky, Samuel Pearlman, Gary Melsher, and Troy Brown on being included in the 2017 edition of Best Lawyers. Founded in 1983, Best Lawyers has grown into one of the most respected publications in the legal profession. Candidacy for the publication is based […]

Congress Passes Defend Trade Secrets Act

By Paul J. Singerman, Esq. On May 12, 2016 Congress passed the Defend Trade Secrets Act (DTSA). This new legislation amends the Economic Espionage Act of 1996. The DTSA applies to misappropriation of trade secrets occurring after May 12, 2016. The DTSA gives private companies a federal cause of action for trade secret misappropriations. Previously, […]

Congratulations Gary Desberg and Ronald Teplitzky

Singerman, Mills, Desberg, & Kauntz, Co. L.P.A. would like to congratulate Gary Desberg and Ronald Teplitzky on being by the Chambers USA 2016 guide to the best lawyers and law firms in America! Using thousands of in-depth interviews, Chambers attempts to objectively rank the world’s best lawyers and law firms. As a founding partner, Mr. […]

Samuel S. Pearlman to be Honored by The Cleveland Metropolitan Bar Association

Singerman, Mills, Desberg and Kauntz, Co. L.P.A. would like to congratulate Samuel S. Pearlman on his being honored by the Cleveland Metropolitan Bar Association for having practiced law for 50 years! Mr. Pearlman will be recognized for his accomplishments at the Cleveland Metropolitan Bar Association Annual Meeting and Inaugural Luncheon on June 3rd. The Cleveland […]

Ohio Income Tax On Capital Gains of Non-Resident of Ohio Held Unconstitutional

By Edmund G. Kauntz, Esq. Ohio tax law generally provides that capital gain from the sale of an ownership interest in an entity is allocated to the State in which the owner resides. Thus, non-residents of Ohio generally do not pay Ohio income tax on the sale of stock or other entity ownership interests. However, […]

New 2016 ALTA Survey Standards Are Now In Effect

By Jacqueline Hoelting, Esq. Land surveys are prepared in connection with real estate purchase or financing transactions for the purpose of assessing the boundaries, titles and location of improvements of a parcel of land. There are several different standards that a surveyor may adhere to when preparing a survey. The most comprehensive survey will be […]

Michael Stavnicky and the SMDK Litigation Team Win Eighth District Court of Appeals Case

In Leight, et al. v. Osteosymbionics, LLC, et al., 2016-Ohio-110, Singerman, Mills, Desberg & Kauntz Co., L.P.A. represented two minority members in a dispute over fundamental changes to a closely-held company’s operating agreement by the largest member. The Defendants attempted to unilaterally change the company’s operating agreement to, among other things, create a provision to arbitrate […]