PDF/Printer Friendly Version On February 6, 2020, the Ohio Supreme Court issued its decision in Columbus City Schools Bd. of Edn. v. Franklin Cty. Bd. of Revision, Slip Opinion No. 2020-Ohio-353. The decision addresses real estate transactions in which the subject real property is contributed to a limited liability company (“LLC”) and the ownership of the LLC is then sold to a third party, a structure commonly known as a “drop and swap.” The case is very significant because

Sunday, March 22, 2020 A message for our clients, colleagues and friends of the firm: Today, Ohio’s Governor Mike DeWine announced a stay-at-home order for all Ohioans, effective tomorrow, March 23, 2020, at 11:59 p.m. Some exceptions apply for essential businesses, infrastructure providers, and government functions, such as makers and distributors of health care products and food, health care workers, groceries, drug stores, banks, gas stations and government functions.

PDF/Printer Friendly Version The Ohio Supreme Court recently considered the issue of whether stock options, earned in Cleveland, Ohio but exercised after their holder had retired to Florida, can be taxed by Cleveland upon their exercise, despite the holder’s no longer working or living in the city. Willacy v. Cleveland Bd. of Income Tax Rev., Slip Opinion No. 2020-Ohio-314 (February 4, 2020). The options were issued to Hazel Willacy as part of her compensation during her empl