Effective January 1, 2018, the IRS changed its rule from requiring entities taxed as a partnership to designate a “Tax Matters Partner” to requiring a “Partnership Representative”. The change is more significant than nomenclature. The change is important because it endues significantly more authority to the Partnership Representative to bind the …
Kansas City Business Law
Planning for the Business and Estate of the Entrepreneur
Estate planning is important for all individuals and families, but it is an especially important process for the entrepreneur! You, the entrepreneur, have worked tirelessly to build your empire – your product, your processes, your brand, your clientele – from nothing to a fully functioning business. Do not let your hard work go to waste by failing …
Van Osdol & Magruder Reviews Mass Exodus of Baby Boomers from Workforce & Legal, Business Transition and Estate Planning
Pew Research Center has recently announced findings which suggest startling statistics and possibilities for the next 20 years, spurred by the nation’s Baby Boomer generation. Van Osdol & Magruder analyzed the numbers and the likely impact. (Photo: babyboomervitamins.com) According to the research, 10,000 Baby Boomers will hit the age of 65 …
The Penn State Lessons and Charities from the Freeh Report of Sandusky Scandal
The recent disclosures by the Freeh Report at Penn State are detailed in an excellent synopsis by Tony Gosserand on our website and Tony’s blog at [**No link was provided/can't find it anywhere!]. Extrapolating one significant concept from the report, local non-profit Boards and Executives should expect a heightened degree of scrutiny with regard …
The Biggest Little Law Firm® Celebrates Longtime Client Samuel U. Rodgers Health Center Grand Opening
Congratulations to the Samuel U. Rodgers Health Center on their grand opening this past April. Event participants included local elected officials, patients, supporters, staff members, board members and business sponsors. The new building is open for business and provides healthcare services to more than 19,000 patients. …
Kansas City Law Firm Van Osdol & Magruder Implements Client Advantage Program For Local Kansas City Businesses to Provide Annual Required Services for a Flat Rate
By Bob Beachy, president of Van Osdol & Magruder Kansas City law firm, Van Osdol & Magruder recently developed the Client Advantage Program to help local businesses comply with organizational formalities such as filing annual report documents and maintaining annual meetings and minutes. The Client Advantage Program was created to satisfy these …
