What Quorum Options Do HOAs Have? Strategies for Overcoming Voter Apathy
Homeowners associations (HOAs) often face challenges in meeting quorum requirements during board elections. Many owners fail to return their ballots, leading to delays and complications. This article explores practical options for addressing quorum ... READ MORE
Charging Stations for Electric Vehicles: A Guide for HOAs and Condo Associations
As electric vehicles (EVs) grow in popularity, homeowners associations (HOAs) and condominium associations are increasingly faced with questions about EV charging stations. While the transition to EV infrastructure presents unique challenges, carefu ... READ MORE
When a Terminated Property Manager Refuses to Transfer HOA Records: Solutions for Boards in Disputes
Changing management companies can be a stressful time for homeowners associations (HOAs), but what happens when the outgoing property manager refuses to hand over association records until they're paid? Unfortunately, this scenario isn't uncommon an ... READ MORE
Money-Saving Strategies for HOAs and Condominium Associations: Proven Tips from Real Communities
Running a successful condominium association or HOA involves more than maintaining common areas and enforcing rules—it requires sound financial management to keep costs in check while maintaining community standards. To inspire your next budget over ... READ MORE
Proposed Legislation Restricting Authority of HOAs and Condo Associations
There are 2 pieces of legislation wending their way through the Unicameral that should be of interest to all of your HOA and Condo Association clients. ... READ MORE
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens And Domestic Reporting Companies
Well, finally some good news about the dreaded Corporate Transparency Act (the "CTA"). The US Treasury Department announced yesterday that the Department won't be enforcing the CTA against US citizens or domestic companies. ... READ MORE
Annual Filing Reminder for Condo Associations: What Nebraska Law Requires
As the year winds down, it's essential for Nebraska condominium association directors to ensure compliance with a key legal requirement: the annual filing with the Register of Deeds office. Missing this deadline can have serious implications, so let ... READ MORE
How To Help Your Clients Prepare Their Upcoming Budgets
It may be time for your Association clients to start preparing their budgets. Given these inflationary times, it's important to prepare a well thought out budget and to help prepare your Associations for cost increases and other changes in the upcom ... READ MORE
Navigating The 3 Inevitable Exits Every Family Business Leader Will Face
With all of the "New World" problems that were closing in on an "Old World" industry, Niccolo decided it was probably a good time for him to step back and let a younger generation take the company forward to find new solutions. At age 68, Niccolo kn ... READ MORE
Corporate Transparency Act: Considerations For Trusts And Trustees
The Corporate Transparency Act (the "Act") was enacted in 2021 as part of the National Defense Authorization Act to create transparency in business entity ownership and prevent illegal business activity. The Act was passed on January 1, 2021, and fi ... READ MORE
2023 Nebraska Tax and Incentive Legislative Update: Nebraska Makes A Move To Improve Its Competitive Business Climate
In our "Nebraska Business Expansion Decision Guide," we identified the 22 State and Local Site Selection Features that we experience are most commonly considered by companies when deciding where to locate, or expand, a business. These 22 Features co ... READ MORE
Retirement Plan Enhancements On The Way
For many months Congress has been working on retirement savings enhancements that expand and build on the SECURE Act of 2019. Although multiple proposals are being discussed, which include SECURE Act 2.0, the RISE & SHINE Act and the EARN Act, I wil ... READ MORE
Organizing The Family: The Purpose And Operation Of A Family Office
After a matriarch and/or patriarch of a family (often referred to as the first generation or "G1") accumulates wealth, whether through closely held business arrangements or other investments, the G1 generation begins to consider how and in what form ... READ MORE
McGrath North COVID-19 Resource Guide
McGrath North is continuously providing important information for our clients and friends who are dealing with the implications of the novel coronavirus (COVID-19) pandemic. This page serves as a repository of all of our coronavirus information whic ... READ MORE
New IRS Retirement Plan Corrections For Overpayments And Other Errors
The Internal Revenue Service ("IRS") recently released Revenue Procedure 2021-30 (the "Updated Procedure"), providing some new guidance regarding recoupment of overpaid benefit payments and other plan failures. ... READ MORE
Privacy is Power - Episode 5: Top 5 Data Privacy and Security Topics In The News
2021 is already heating up with privacy and security regulatory changes. Congress is getting closer to federal legislation, regulatory agencies are finding ways to get involved and the first national cyber director in history was sworn in by the Whi ... READ MORE
The COBRA Quandary: A Look Into How The Pandemic Took Plan Sponsors And Insurers For A Spin While Administering Continuation Coverage
It is no secret that COVID-19 has brought unprecedented hardship to the nation. In a race to provide relief to Americans during a time of crisis, the past year has involved numerous significant changes to employee benefits. ... READ MORE
Corporate Planning When Multiple Owners Are Involved
Stock restriction and buy-sell agreements are a critical element when organizing any business where multiple owners are involved. Generally, these agreements establish a procedure for purchasing a shareholder's interests when they die, become disabl ... READ MORE
Eighth Circuit Sides With Employer's Attendance Requirements In FMLA And ADA Case
An employer recently scored a win in the United States Court of Appeals for the Eighth Circuit when a unanimous three-judge panel concluded that the company did not violate the Americans with Disabilities Act ("ADA") or the Family and Medical Leave ... READ MORE
Parents: Why You Might Want To Consider Opting Out Of The Advanced Child Tax Credit Monthly Payments
Pursuant to the American Rescue Plan Act enacted earlier this year, the child tax credit was increased to $3,000 annually per child for children ages 6 to 17, and $3,600 annually per child for children under age 6 (up from $2,000 per child). ... READ MORE
