The Act made a significant change in the basic applicable exclusion from estate and gift taxes (“applicable exclusion”) available to each individual. The applicable exclusion is now doubled from $5,000,000 to $10,000,000 per person and is indexed for inflation. In 2018, the exclusion is anticipated to be set at approximately […]
The Closer – M&A, Securities & Corporate Counsel
Recent Tax Developments for Tax-Exempt Organizations
on Wednesday, 27 June 2018 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
Recent tax changes found in the Tax Cuts and Jobs Act (“TCJA”) and Bipartisan Budget Act of 2018 will affect tax-exempt organizations. Those changes are summarized as follows: Increased Standard Deduction for Individuals. The opportunity to deduct charitable contributions is limited by the TCJA. Donors can deduct the greater of […]
The Governance Mule
on Thursday, 9 November 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
THE GOVERNANCE MULE1 A frank and practical look at the keys to successful governance for non-SEC registered entities Materials are plentiful concerning the mechanical keys to successful corporate (and related entity) governance. Typically, the materials provide a laundry list of items which, if adopted, and then monitored, provide a valuable […]
Changes to Transactional Exemptions from Registration Under the Securities Act of Nebraska
on Wednesday, 11 October 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
LB 148 amended various sections of the Securities Act of Nebraska (the “Act”). Some of the most substantive changes were to §8-1111. Generally, offers and sales of securities in the State of Nebraska must be registered unless an exemption is available, and §8-1111 provides transactional exemptions from registration under the […]
Three Things to Consider When Adopting or Updating the Articles or Bylaws of a Nebraska Corporation
on Monday, 28 August 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
On January 1, 2017, the Nebraska Model Business Corporation Act (“Act”) went into effect. Its adoption provides numerous changes for the formation and operation of Nebraska corporations. This article will highlight three of the changes from the Act that any corporation should consider adopting and incorporating into their governing documents. […]
