Business Owners: The Personal Property Tax has been Repealed
Wisconsin business owners will be happy to learn that the personal property tax for businesses has been repealed effective Jan 1, 2024.
New Law Requires a Good Faith Effort at Out-of-Court Resolution Before a Lawsuit Involving a Wisconsin Condominium
There is a new law in Wisconsin which is focused on getting condominium associations and their unit owners to communicate better before resorting to a lawsuit. The practical effect of…
What to Ask when Adding or Becoming a Partner in a Business
Many people start businesses on their own. Eventually, they might meet someone who seems to share their interests and entrepreneurial drive, or they get to know a trusted employee who…
Should I Consider Estate Planning During a Pandemic?
The COVID-19 pandemic has us on edge. We’ve been forced to face our fears, whether it’s the fear of becoming ill, losing a business or livelihood, or having to spend…
Selling a Business Using a Promissory Note: Do You Have To Charge Interest?
With many business sales, the buyer obtains a loan from a commercial lender. Lenders, typically banks, are experts at documenting their loan to the buyer to make sure they get…
FHA Condo Approval: Adding Value for Your Community
How do you add value by getting FHA condo approval for your community? The Federal Housing Administration will insure mortgage loans by lenders that make a loan for the purchase…
Condominium Reserve Accounts
Condominium Reserve Accounts vs. “Statutory Reserve Accounts” For a condominium community, the best way to prepare for that inevitable expensive repair is to have a reserve fund. Otherwise, when those…
Wisconsin Condo Law and Smoking
Wisconsin law prohibits smoking in the common areas of all condominiums. Newly built condominiums can relatively easily prohibit smoking also in individually owned units, although enforcing a smoking ban in…
The Risks of Using Stock Legal Documents
Thinking of using stock legal documents to save money? It is now easier than ever before to obtain a wide variety of legal documents online. These stock legal documents may…
Wisconsin Companies in Litigation
A few years back, a candidate for President caught some flak when he said “companies are people.” Ignoring the context in which he made that statement, he was right. A…