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3 advantages of using an LLC for your rental property

Like your friends and family members in Louisville, you want your share of the American dream. Purchasing investment property is one of the best strategies for securing economic freedom. Of course, owning rental units may also expose you to some legal liabilities you would rather avoid. 

Savvy investors routinely elect to establish limited liability companies for their rental properties. While creating a business entity may seem like a hassle, it is also a good way to separate your personal interests from your business interests. Before deciding to purchase an investment property, you should explore all legal options for its ownership. Here are three advantages of using an LLC: 

What employers need to know about accommodating religious beliefs

As a business owner, you know that discriminating against an applicant or employee because of their religion is illegal. So is subjecting a person (or allowing them to be subjected) to harassment in the workplace because of their religious beliefs -- or lack thereof.

However, what obligation do you have to accommodate employees' religious beliefs and practices as an employer? For example, what if an employee asks to take a day off that is a religious holiday for them but a business day for your company? What if an employee's faith requires them to wear a particular item of clothing, like a hijab, or not to shave their beard?

What is parental alienation in a custody case?

Many divorced parents can't hide their negative feelings toward their exes from their children. Even though experts universally caution parents not to criticize one another in front of or directly to their children, they do it anyway. Sometimes they can't help themselves. Other times, they're hoping to be the favorite parent.

Some parents take this to a whole other level. It becomes what's known as parental alienation. Some people even want to designate it as a medical syndrome. The American Psychological Association (APA) says it has "no official position" on whether there's such a thing as "parental alienation syndrome." However, they're doing research on it.

Job application questions that can land businesses in court

Employers can be held liable for discrimination against people whom they never even hired. Discrimination against job applicants in protected classes is as illegal as discrimination against employees.

Sometimes, employment applications ask for information that businesses could use to "weed out" people they don't want. A business may not intentionally be discriminating against people based on their age, race, disability or other protected characteristic. However, regardless of their intention, employment application questions can be a liability hazard.

Commercial lender funds Kentucky health care facilities purchase

As more baby boomers enter their senior years, the demand for senior living communities as well as skilled nursing and memory care facilities is growing. Baby boomers are the largest group ever to enter their senior years together. A Pew Research study estimates that by 2029, about 20 percent of Americans will be at least 65 years old.

Commercial real estate lender Greystone has announced that it's lending over $18.4 million for the acquisition of three health care facilities here in Kentucky. The interest-only bridge loan will be used for skilled nursing facilities that will have a total of over 250 beds. The loan is for two years, with options for two extensions of six months.

Why you need a prenuptial agreement if you own a business

The number of divorced people in Kentucky is a little higher than the national average, but still pretty low -- 3.8 people per thousand. However, if you're preparing to get married and you or your spouse own a business, a prenuptial agreement can help ensure that the two of you don't go have to go through the expensive, lengthy process of determining how that business will be divided if you do eventually divorce.

Businesses -- including ones that have been in a family for generations -- can suffer and even die in divorces. They may end up being sold to an outside buyer. A spouse who's not really interested in the business and knows nothing about it can end up as part owner under Kentucky's equitable distribution laws. Former spouses who despise each other may have to be business partners long after they're no longer married.

How to avoid common tax mistakes for small businesses

No one likes paying taxes, especially when a business is involved. Taxes are complicated enough without adding in all the regulations for companies and corporations. It can be easy to be sloppy or confused as you work on business taxes.

You can lighten your burden and prevent mistakes by following these tips. The extra effort will pay off in the long run.

Is Disney's 'Hakuna Matata' trademark cultural appropriation?

Some people might not think that a phrase that's common in another language could be trademarked by a company -- let alone an American one. However, with the success of The Lion King 25 years ago, Disney trademarked the phrase "Hakuna Matata." It means "no worries" in Swahili. It's also, of course, the title of one of the songs from the hit movie and Broadway show. A new live-action version of The Lion King will be in movie theaters this summer.

However, tens of thousands of people have signed a petition calling on Disney to drop the trademark. The petition accuses the entertainment behemoth of cultural appropriation. It calls Disney's trademarking of the phrase "an assault on the Swahili people and Africa as a whole." It's portrayed as an example of what one business newspaper in Kenya has called the "pilferage of African culture over the years, through the use of intellectual property rights."

An alcohol monitoring system can get you more access to your kids

You used to have a problem with alcohol. It was one of the things that led to your divorce. Now you've been sober for awhile. However, your co-parent wants conditions placed on your ability to see your kids -- including use of an alcohol monitoring system to prove that you don't have alcohol in your system around your visitation times. Maybe they're asking that you submit to regular testing, whether you have the kids or not, to show that you're no longer drinking to have visitation or shared custody rights.

It's normal to feel some anger at such a condition -- even if you haven't touched alcohol in months and never plan to again. How dare your co-parent attempt to "monitor" you when you aren't even together anymore? However, before you reject alcohol monitoring, consider the advantages.

Former basketball player suing United Airlines for discrimination

Accusations of discrimination can be costly in money and reputation to businesses of all sizes. United Airlines is currently facing a $10 million lawsuit by a former professional basketball player. The suit involves a flight in July.

Eric Murdock, who spent nine seasons in the NBA, was returning from a conference with his son. Apparently, the two were not able to get assigned seats together. He says that before the flight took off, a passenger who was initially going to take a seat near his son offered to trade seats with Murdock.

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  1. Charles W. Dobbins, Jr.

    Charles earned his J.D. degree from the University of Virginia in 1974

    He was graduated from Washington & Lee University in 1970 with a B.A. with Distinction

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    Mark W. Dobbins

    Mark earned his B.A. from Emory University.

    He earned his J.D. from the University of Louisville.

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    Patrick T. Schmidt

    Patrick earned his B.S. in Accounting from the University of Kentucky in 1989.

    He earned his J.D. from the University of Kentucky in 1992.

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    Terrence L. McCoy

    Terry earned a B.A. from Dartmouth College in 1964.

    He earned his J.D. from Duke University in 1967.

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    Lisa Koch Bryant

    Ms. Bryant has extensive commercial litigation and bankruptcy experience. Prior to entering private practice, Ms. Bryant served as head of litigation for the Federal Land Bank of Louisville.

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  2. Wm. Stephen Reisz

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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    Sandra F. Keene

    Sandra earned her Bachelor of Health Science degree, with Honors, from the University of Louisville in 1982.

    She earned her J.D. degree from the

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    Elizabeth M. Jenkins

    Colgate University, B.A., Political Science, magna cum laude, 1983

    University of Virginia, J.D., 1992

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    Edward L. Galloway

    Ed graduated from Indiana University in 1967 with a degree in history.

    After obtaining a master’s degree in political science from the University of

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    Thomas G. Karageorge

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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  3. Tacasha E. Thomas

    Tacasha attended Harvard University in Cambridge, Massachusetts during the summer of 2001, where she studied courses in law and psychology.

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    Ayala Golding

    Ayala received her J.D. in 1994 from the University of Louisville, Louis D. Brandeis School of Law, Louisville, Kentucky, where she was a member of the Brandeis Family Law Journal, and

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    Kacie A. Wilkinson

    Kacie A. Wilkinson recently joined Tilford, Dobbins & Schmidt, PLLC, where she practices in the areas of business law & transactions, real estate, estate planning and probate.

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    Gwendolyn Chidester

    Gwen recently joined the Firm after being employed by notable Louisville companies for over 15 years in a variety of capacities including Corporate Counsel, Director of Human Resources, and Risk Manager.

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    William A. Buckaway, Jr.

    Bill earned his B.A. from Centre College in Kentucky in 1956.

    He earned his J.D. from the University of Louisville in 1961 where he was a

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    Terrell L. Black

    Terry earned a B.S. in Social Science from Campbellsville College in 1966.

    In 1969, he attended graduate school at Eastern Kentucky University focusing on

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    John A. Wilmes

    John was admitted to the Kentucky bar in 1977 and admitted to practice before the U.S. District Court, Western District of Kentucky in 1979.

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