Contracts are the backbone of business, setting expectations and obligations for the parties involved. But when one party fails to meet their contractual obligations, it can lead to significant disputes and financial consequences. These disputes, known as breach of contract claims, are among the most common legal issues businesses and individuals face. This article explores […]
For 2025, each individual can give $19,000 per year to each person, without adverse estate or gift tax consequences and without reducing your unified gift tax credit (the $13,990,000 lifetime exemption from gift taxes). Therefore, a married couple may transfer up to $38,000 in the aggregate to each beneficiary per year. Obviously, these gifts would […]
Written by: Mark S. Adams Starting a business is exciting, but one of the first and most important decisions you’ll face is choosing the right business structure. The structure you select—whether it’s an LLC, corporation, or partnership—will affect your liability, taxes, and how you operate your business on a day-to-day basis. This article breaks down […]
This was first published in IFLR on July 21, 2025. Summertime blues: corporate finance faces a financial reporting reckoning Borrowers and lenders can plan ahead of the curve amid financial pressures Summer is just at the half-way point, but financial reporting for many borrowers for second quarter is still around the corner. Given market volatility, […]
The One Big Beautiful Bill Act (“OBBB”) was signed into law on July 4th, 2025, ushering in sweeping changes to the U.S. federal tax landscape. The OBBB permanently extends and expands many provisions of the Tax Cuts and Jobs Act (“TCJA”), and introduces significant updates that will impact both individuals and businesses. The following are […]
The Supreme Court recently decided that a federal contractor who induces the government to enter into a transaction under materially false pretenses can be convicted of fraud even if the contractor did not seek to cause the victim economic loss. The Court’s decision in Kousisis v. United States, 145 S. Ct. 1382 (2025) permits federal […]
By Steven T. Taylor Known far and wide in the dynamic hospitality industry for his successful and strategic approach, ability to handle complex circumstances, and winning personality, Jim Butler hasn’t lost a step after decades of serving clients and helping hotel businesses thrive. In fact, the name partner at Jeffer Mangels Butler & Mitchell, a […]
A message from JMBM regarding Southern California Wildfires We express our deepest sympathy and concern for all of those affected by the Southern California wildfires. Please rest assured Jeffer Mangels Butler & Mitchell LLP (JMBM) is here to assist in this effort wherever possible. If you need assistance during this difficult time, do not hesitate to […]
The Los Angeles Daily Journal published an article by Sheri Bonstelle and Matthew Hinks titled, “Bad Faith, Big Consequences: LA’s Housing Denial Gets the Court’s Rejection,” regarding their recent victory in the case Cesar Chavez 888, LLC v. City of Los Angeles. In the ruling, Judge Curtis A. Kin found that the City of Los […]
President Donald J. Trump has issued an executive order rescinding requirements that federal contractors implement affirmative action programs, and targeting companies that have diversity, equity, and inclusion (DEI) initiatives. This Presidential directive creates real risk of potential civil False Claims Act (FCA) liability for healthcare companies, federal contractors, and federal grant recipients that maintain DEI […]
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