The two tenants at Highlands of Olympia aren’t letting problems with ownership of the property slow them down. Casey Bingham and Brent Milkey who manage the ski hill, have been working diligently to reopen this season with improvements.
Four contractors petitioned to appoint a receiver for the contractor, Gil-Her Limited, that hired them for work at the Radisson Hotel. The move could help all parties reach a settlement in the hotel’s ongoing foreclosure suit.
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Posted on November 19, 2012
The receivership attorney appointed by the village to monitor day-to-day business at the Radisson Hotel wants the power to market and sell the hotel, as well as address issues with the members of the ownership group.
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Attorney Gregory S. Mager has been granted Fellowship in the American Academy of Matrimonial Lawyers. He is recognized by judges and attorneys as a preeminent family law attorney with a high level of knowledge, skill, professionalism, and integrity, as well as having substantial experience and ability to handle all facets of complex family law matters. These areas include divorce, annulment, prenuptial and postnuptial agreements, marital settlement agreements, child custody and visitation, business valuations, property valuations and division, alimony, child support and other family law issues. To be represented by a Fellow of the American Academy of Matrimonial Lawyers is to be represented by a leading practitioner in the field of family law.
Attorney Mager is a shareholder with the law firm of O’Neil Cannon He graduated from Marquette University with an undergraduate degree in political science and philosophy, and has a graduate degree in political science. He received his Juris Doctor degree from Marquette University Law School.
Ten attorneys from the law firm of O’Neil Cannon were selected for inclusion in the 2013 edition of The Best Lawyers in America®. Nearly 1/3 of the Firm’s attorneys were listed in 16 distinct practice areas to include:
Since its inception in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence. Because Best Lawyers is based on an exhaustive peer-review survey in which more than 39,000 leading attorneys cast almost 3.1 million votes on the legal abilities of other lawyers in their practice areas, and because lawyers are not required or allowed to pay a fee to be listed, inclusion in Best Lawyers is considered a prestigious honor. Corporate Counsel magazine has called Best Lawyers “the most respected referral list of attorneys in practice.”
(Copyright 2012 by Woodward/White, Inc., of Aiken, S.C.)
“Cook and Franke law firm dissolved”
Cook and Franke SC, one of Wisconsin’s oldest and at one time one of the largest law firms, has been dissolved as a corporation.
The Christian Center will purchase the 25,000 square foot building from the Latino Community Center.
Federal tax law allows a special manufacturing deduction, which provides incentives to keep jobs and manufacturing activity in the United States. The State of Wisconsin has disallowed this special deduction for state tax purposes over the past several years; however, with the passage of the 2011 Wisconsin Budget, an income tax credit has been included in this State’s budget to encourage and strengthen manufacturing in Wisconsin.
This credit is available to individuals and certain entities for taxable years commencing on or after January 1, 2013, for manufacturing and agricultural activities in the State of Wisconsin. The credit will be phased in over a 4 year period beginning next year, and when fully phased in, the credit will be equal to 7.5% of a company’s qualified production activities income. Thus, the credit will effectively eliminate the rate of tax on Wisconsin manufacturing income.
Some of the differences in the new Wisconsin credit from the federal deduction include:
An individual, estate, trust, partnership, limited liability company, or corporation can claim the credit if the claimant owns or rents and uses in Wisconsin real property and improvements assessed as property under Wisconsin Statute § 70.32(2)(a)4, or owns or rents and uses in Wisconsin real and personal manufacturing property assessed under Wisconsin Statute § 70.995.
The credit can be taken against the entity’s corporate income tax liability and for partnerships, LLCs or S corporations, against the personal tax liability of the entity’s partners, members or shareholders in proportion to his or her ownership interests. It is important to note that any credit that is claimed is considered income and must be reported as income on the claimant’s Wisconsin franchise or income tax return in the taxable year immediately after the taxable year in which the credit is computed. Further, a taxpayer may carry forward any unused credits against income or franchise taxes due for up to 15 years.
This tax credit is new and the benefits can be significant. If you have any questions about this tax credit, or if you need assistance in determining whether you can benefit from this credit, please contact us.
O’Neil Cannon recently hired Attorney Sarah C. Matt to expand its Litigation Group. She will assist clients with a variety of civil litigation matters, primarily in the areas of commercial and business litigation. Sarah graduated from Marquette Law School, cum laude, and received a Cali Excellence for the Future Awards for receiving the highest grade in Advanced Brief Writing and Criminal Law.
O’Neil Cannon, founded in Milwaukee in 1973, is a full-service legal practice that primarily focuses on providing business law and civil litigation services to businesses and their owners. The Firm represents corporations, institutions and partnerships at all stages of the business life cycle, helping them start, grow and transition from one generation to the next. We also assist business owners with their personal legal needs including tax and estate planning, family law and litigation—including personal injury litigation.
On April 26th, Joseph Maier was a featured speaker for a Wisconsin Underground Contractors Association member seminar focused on Succession Planning.