Wegman Hessler Valore

Wegman Hessler Valore Wegman Hessler specializes in business law for business owners, a full-service firm for small and midsized companies, owners, and their families.

Wegman Hessler Valore specializes in corporate law and legal services for business leaders and their families, applying legal discipline to solve business problems to create value. For over 50 years, this Cleveland law firm has provided full-service strategic legal counsel for closely held businesses, corporations, and individuals. Practice areas include: business law; fractional legal counsel; li

tigation; corporate governance; estate planning and wealth protection; intellectual property; HR and employment agreements; commercial real estate; business acquisition support, and more. Get in touch to learn more.

Thinking about what happens to your business if you get divorced? Are your children marrying the right partner? Protect ...
02/20/2024

Thinking about what happens to your business if you get divorced? Are your children marrying the right partner? Protect family wealth by updating your estate plans. For business owners, this can include succession planning as part of an overall strategy. Updates can include comprehensive wills and living trusts customized to your wishes, as well as trusts for your children to ensure a smooth transfer of wealth. (Tip: The best time to plan for the future is now.)

08/24/2023

Important changes for business owners are on the horizon. Time to prepare is now.

Kyle Baird is one of our experienced Associates who counsels individuals and companies in a wide range of business law m...
01/24/2023

Kyle Baird is one of our experienced Associates who counsels individuals and companies in a wide range of business law matters.

Kyle’s practice and experience includes:

- Business formation, corporate structuring, and financing;
- Transactional matters;
- Negotiating and preparing contracts including operating agreements, buy-sell agreements, employment agreements, and confidentiality agreements.

Prior to joining Wegman Hessler, Kyle represented public and private clients, helping them with commercial litigation, public and private financings, and various corporate matters.

It's hard to put a price on good advice. ⚖️
11/23/2022

It's hard to put a price on good advice. ⚖️

The Corporate Transparency Act is a new initiative by the U.S. Department of Treasury to create a database of business o...
11/07/2022

The Corporate Transparency Act is a new initiative by the U.S. Department of Treasury to create a database of business ownership. The new regulations have some business owners confused about exactly if and what they need to report.

Let's start with what TYPE of business that needs to report information under this act. ↓

Under the Act, all “reporting companies” must make required filings. The term reporting companies is defined broadly in the Act as any entity that is created by the filing of a document with a secretary of state or similar office under the law of a state.

However, 31 U.S.C. § 5336(a)(11)(B) of the Act carves out a number of exceptions to this broad definition.

Without repeating the list of exceptions verbatim, the general categories of entities exempted from the scope of the Act are...

→ Entities registered with the SEC
→ Banks
→ Credit unions
→ Tax-exempt Section 501(c) corporations
→ Subsidiaries of any of these entities.

One pertinent exception applies to some entities NOT registered with the SEC or publicly traded. ↓

→ This exempts entities from reporting requirements if the entity (i) employs more than 20 people; (ii) filed a Federal tax return showing greater than $5,000,000 in gross receipts; and (iii) operates a physical office within the United States.

To better understand if your company needs to report its information under this act, take a look at our full coverage here: https://wegmanlaw.com/summary-of-the-corporate-transparency-act/

A fiduciary duty applies to individuals who, in their professional role, have a legal obligation to act in the best inte...
11/01/2022

A fiduciary duty applies to individuals who, in their professional role, have a legal obligation to act in the best interests of those they represent. This concept is often associated with attorneys, executors, guardians, and financial advisors; however, it also applies to business owners and majority shareholders.

The majority shareholders in a closely held corporation (such as an LLC) have a fiduciary duty to those who own a lesser percentage of the company. That means if you own the majority interest in a business with other part owners (i.e., shareholders), you must keep their best interests in mind – not just your own – when making decisions.

In order to protect yourself and your business interests, it is important to understand the concept of fiduciary duty and ask yourself these questions.

If you’re not sure about whether or not you can answer "yes" to any of the questions here, it may be time to connect with a business attorney who can help.

Imagine having the benefits of an in-house legal team without the headache of hiring and additional payroll tax on your ...
10/21/2022

Imagine having the benefits of an in-house legal team without the headache of hiring and additional payroll tax on your organization.

Wegman Hessler's fractional general counsel services allow companies access to deeply engaged legal resources to build out and/or supplement in-house legal teams. This allows for expansion with greater efficiency and without the stress of adding expensive in-house counsel before you're ready.

Learn how our experienced corporate attorneys can work as an active part of your team. → https://www.wegmanlaw.com/

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Cleveland, OH
44131

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+12166423342

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