Behind the Numbers – Home Improvement Lending in Cleveland

The federal government and the attorneys’ general of 49 states recently reached a joint agreement on a historic $25 billion settlement with the country’s five largest loan servicers for claims involving foreclosure misconduct. With this agreement, we can now look forward to phase two of the economic recovery: expanding access to affordable credit to facilitate home repairs and neighborhood sustainability. As recovery takes hold, preservation will become critical. For many, renovation and repair have been delayed and can no...

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Crowdfunding Not Yet the Answer to Startup Cash Woes

Click for PDF Connecting your business to small investors has never been easier in today’s electronic age. Websites such as ProFounder.com, MicroVentures.com and PeerBackers.com make this possible. Gwen Moran, of Entrepreneur StartUps Magazine, offers a rundown of the three crowd-funding sites in her article, Crowdfunding Could be the Answer to your Cash Woes. As evidenced by this article, and many others as of recent, crowdfunding is once again demanding its seat at the regulatory table, hoping to establish itself as viable funding...

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A Better Family Business Succession

Whether you plan to leave your family business to one child or sell it to a third party, open communication with your children and family is key, writes Louis Pashman, who breaks down three possible succession scenarios. A Better Family Business Succession – BusinessWeek

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New Look for Employment Agreements as FDIC Seeks to Recover Compensation

New Look for Employment Agreements as FDIC Seeks to Recover Compensation Why “Best Efforts” Clauses are No Longer Sufficient Click for PDF On March 15, 2011, the FDIC confirmed it would actively seek to recover all compensation paid to directors and senior executive officers of certain failed financial companies. In particular, the FDIC announced it will pursue recovery from all individuals who are substantially responsible for the failed condition of a covered financial company and will seek to recover all compensation paid...

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Five Common Mobile Mistakes

Reaching customers on the move. Using mobile technology to advance your business requires more than launching a mobile platform. It requires strategy in execution. According to Morgan Stanley, the volume of mobile users will outstrip the number of desktop internet users by 2014. By 2011, Nielsen expects the U.S. market will own more smartphones – with advanced browsers and connectivity – than ordinary “feature” phones. Gomez, a division of Compuware, details five common mobile mistakes made by organizations in executing a mobile...

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Changes to Federal Estate Tax Law

As 2010 comes to a close, and organizational planning for 2011 continues, it is critical for individually managed organizations, such as sole proprietorships, general partnerships, and LLCs, to understand the recent changes in the federal estate tax law. On December 17, 2010, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Act”) was signed into law, presenting several implications for individually managed organizations. While complex, northeast Ohio-based law firm, Buckingham, Doolittle...

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