In November 2019, Van Osdol obtained a “no liability” verdict for Central Mine Equipment Company, a leading drill rig manufacturer near St. Louis, Missouri. The Plaintiff suffered an amputation when performing maintenance on the rig’s running power unit. In his closing argument, Plaintiff asked the jury to award $3.1 million for his amputations, …
Legal Help
Brief Overview of LLCs and How They are Taxed
During this past tax season, I had a conversation with a frustrated CPA. The frustration primarily arose from several of her clients not knowing how their limited liability company (“LLC”) was classified for tax purposes. This article provides a brief overview of the taxation of LLCs that will hopefully provide a bit of knowledge to small …
Will Your Furry Family Members be Taken Tare of When You’re Gone?
This past weekend Wayside Waifs held one of its most successful ‘Adoptathon’ events of all time, with more than 203 animals being adopted Friday and Saturday. Van Osdol’s own, Eric Worster, joined in the fun about two weeks prior to the ‘Adoptathon’ when his family brought home their own rescue, Craig. Craig has been acclimating to his new …
Grandpa’s Oil
You or your children may be worth a lot more money than you think. Oil, gas, or other mineral interests which may not have been productive for decades are now arising as valuable assets with the advent of new technologies and new applications for things that can be extracted from the ground. Fifty years ago, there was no good way to discover …
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 …
It’s a Gamble – Should You Participate in Office Pools?
March is always the time of year when we think about post-season basketball tournaments. Those thoughts are often accompanied by a small wager as to which teams will win those competitions. For those of you who are uncertain, it is still a misdemeanor to gamble on those games. The elements of gambling in Kansas and Missouri are 1) Chance; 2) …
