Most Recent Attorney’s Blog Posts

  • Pokémon No! How Pikachu Ended Up Getting Served with a Class Action Lawsuit
    Remember Pokémon Go? About this time last year, the “augmented reality” game in which players use their smartphones to capture and train various species of Pokémon was a global phenomenon, with nearly seven million daily downloads. It was sort of the “thing to do” of Summer 2016. While Pokémon Fever has certainly subsided a bit, the game still has plenty of rabid fans. In fact, last month’s Pokémon Go Fest in Chicago drew 20,000 Pokémon Go die-hards to the city’s Grant Park. The Fest was billed as a chance for Pokémon Go “trainers” to compete against each other and bag ... read more
    Source: KKOSLawyersPublished on 2017-08-10By Jarom
  • Estate Planning 101: 5 Tips to Avoid Mistakes
    As I work with small business owners and investors throughout the year, I want them to see the big picture when it comes to Estate Planning. Many misunderstand what the Estate Plan is all about and think it’s simply an ‘asset protection’ strategy…that couldn’t be further from the truth. An Estate Plan is about passing on your hard earned wealth to your loved ones, or a project/institution you love.  What a tragedy for a small business owner or investor to spend decades toiling to build wealth, only to have it crumble at the very end of their life because ... read more
    Source: KKOSLawyersPublished on 2017-07-25By Kevin Kennedy
  • Legal Tips for Wholesaling Real Estate
    Many real estate investors regard wholesaling as a way to learn how to evaluate deals and develop your real estate network.  It is also a method to profit from investing in real estate without requiring significant up front capital.  Wholesaling is a strategy whereby the wholesaler enters into a purchase contract with a seller of real estate and then assigns the purchase contract to another third party who will typically rehab the property and flip it for a profit (at least that is the goal). Although most investors regard wholesaling as involving less risk than, for example, the flipper ... read more
    Source: KKOSLawyersPublished on 2017-07-18By Lee Chen
  • Ask Your Attorney if a “Covfefe” Trademark Is Right for You
    On May 31st, 2017, at 12:06 a.m. Eastern Time, President Donald Trump unleashed the following tweet: “Despite the constant negative press covfefe.” No one has been able to definitively crack the code (if there is one) as to what “covfefe” actually means. The President took down the tweet six hours later and replaced it with a tweet saying: “Who can figure out the true meaning of ‘covfefe’??? Enjoy!” Predictably, the word “covfefe” immediately went viral on social media, with several twitter users encouraging their followers to “ask your doctor if Covfefe is right for you” and others thinking it’s what ... read more
    Source: KKOSLawyersPublished on 2017-07-11By Jarom Bergeson
  • Bitcoin Basics: What is Cryptocurrency?
    Questions about Bitcoin have increased dramatically as investors have seen the price of Bitcoin rise from 30 cents per Bitcoin in 2011 to $2,550 per Bitcoin in July 2017. This article answers basic questions about Bitcoin and we’ll have two follow-up articles addressing IRA ownership of Bitcoin and about accepting Bitcoin in your business. Needless to say, there’s a “bit” of uncertainty when it comes to whether or not one should invest in Bitcoin (sorry –bad pun) but here’s a breakdown of the basics. What Is Bitcoin And How Does it Work? Bitcoin is one type of digital currency ... read more
    Source: KKOSLawyersPublished on 2017-07-03By Kevin Kennedy
  • The Realities of Litigation
    For most people involved in a dispute, declaring the words “See you in Court!!” can seem like the perfect threat or even feel therapeutic at the least. Some even presume that by stating “I’m going to sue you” is like declaring nuclear war against the other side and the person or company that wronged you will certainly want to ‘settle’ because you have scared them with a lawsuit. However, people who have actually been participants in litigation soon realize that there is no such thing as “inexpensive litigation,” and many individuals, fueled by the passion of a person scorned, ... read more
    Source: KKOSLawyersPublished on 2017-06-27By Lee Chen
  • How to Donate to Charity and Beat the Tax Man
    I have a close relative who works in fund-raising for a fairly large university.  While he loves receiving large charitable donations in the form of immediately available cash or other marketable assets (such as real estate and publicly-traded stock), he knows that such donations are often simply not possible or practical for the average person.  This is why a huge buzzword in the world of fund-raising for non-profits is “Planned Giving.” What Is “Planned Giving”? Planned Giving is the present day legal commitment by a donor to give some assets or property to a charitable organization or institution at a ... read more
    Source: KKOSLawyersPublished on 2017-06-20By Jarom Bergeson
  • 6 Tax and Legal Tips When Investing in Real Estate
    Sir Francis Bacon put it best when he said, “knowledge is power”.  Not only does he have a great last name but he gives good advice that applies to all facets of life including investing in real estate.  Whether you are new to real estate investing, or a seasoned investor, before you rush off to make your first/next real estate investment, consider the following tips all of which are to help you be strategic about investing in real estate the right way for your situation, i.e. knowledge is power.  With that in mind, here are six tax and legal ... read more
    Source: KKOSLawyersPublished on 2017-06-06By Kevin Kennedy
  • What You Should Know about Administering a Family Member’s Estate
    Most of us will, at some point in our lives, be called upon to administer the estate of a departed family member or loved one. While it may seem like an honor to have been entrusted with this responsibility, the reality is often it is a thankless, time consuming job, and even more so if there are disagreements and disputes among the heirs or beneficiaries of the deceased. Being asked to shoulder the responsibility of administering a decedent’s affairs while still mourning their loss can be challenging. The precise rules and procedures that apply will depend on whether the decedent ... read more
    Source: KKOSLawyersPublished on 2017-05-23By Lee Chen
  • Feds Make Change to Help Entrepreneurs Raise More Money
    Your federal government has modified rules making it easier to raise more money from so-called “unaccredited investors”. Under the updated rule, known as Rule 504, you can raise up to $5 million from unaccredited investors in a 12-month period. Prior to the 2017 update, you could only raise $1 million from unaccredited investors. The updated $5 million cap is available under Rule 504 offerings and should only be used when the offering is a private placement memorandum offering (“PPM”), where you aren’t marketing the offering to the general public but privately to know persons and contacts. The new $5 million ... read more
    Source: KKOSLawyersPublished on 2017-05-09By Jarom Bergeson
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