Welcome to DUGGAN BERTSCH, LLC — A law firm dedicated to thoughtful, innovative and uncompromising legal representation for the Private Client.

The needs of the Private Client are both pointed and diverse. While you require the advanced skills of a specialist, you also have diverse needs that must be understood and integrated by your lawyer. With its broad base of multi-degreed, multi-disciplinary attorneys, DUGGAN BERTSCH is uniquely positioned in the legal space to best serve the needs of Private Clients.

We look forward to showing you the DUGGAN BERTSCH difference.

 

We are proactive partners ready to serve your needs in the following practice areas :

News From DUGGAN BERTSCH

Once in a Decade Estate Planning Opportunity

With the economic destruction of COVID-19 virus comes opportunity, a rare opportunity to very easily turn the negative into a positive from an estate planning and business succession perspective.

Today, valuations of marketable securities have taken a massive hit (20% - 30% lower).  Valuations of the vast majority of closely-held family businesses would certainly follow suit by any appraiser.  Additionally, interest rates are now at historic lows in today’s environment. Specifically, the IRS-mandated interest rate used for estate planning purposes is between 0.25% and 1.15%, as of May.  Click Here To Continue Reading...

Have an interest in a Foreign Company? Offshore Reporting of the BE-10 is Due May 29

Every 5 years, the Bureau of Economic Analysis (the “BEA”) requires owners of offshore companies to complete its BE-10 Survey form. That time has come once again. If you had ownership in a foreign entity on December 31, 2019, you must file the form by May 29, or by June 30 if you are required to file 50 or more forms. If you fail to file, you can be subjected to significant penalties (between $2,500-$25,000 for each non-willful violation plus injunctive relief). An extension of time to file is available in the discretion of the BEA; however, it must be requested well in advance of these filing deadlines. Continue Reading...

Technology Contracts – What’s In Your Contract?

Almost every business is a party to at least one technology contract, such as a cloud service agreement, software license agreement, SaaS Agreement or a consulting agreement with a technology vendor.  It can be easy to overlook these agreements.  They are frequently printed in small font, can be difficult to read and may appear to contain nothing but “boilerplate” provisions. Continue Reading...

DB Alert: CARES Act Tax Relief

As we’ve outlined in our previous Newsletters, President Trump signed into law on March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act or the Act). In addition to the Paycheck Protection Program  offered to businesses to further support employee retention and maintenance of the business (See March 30th, CARES Act and Paycheck Protection Program (PPP) Client Alert), as well as other appropriations for health care and education needs, the Act provides various forms of temporary and permanent tax relief in an effort to supply additional liquidity to such businesses. A list of those relevant tax relief provisions is outlined Click Here To Continue Reading...

DB Alert: “CARES ACT” and PAYCHECK PROTECTION PROGRAM

Last Friday Congress approved and President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).  CARES represents the third round of legislation responding to the ongoing Coronavirus virus, and is the largest economic and relief package in the Nation’s history.  It provides over $2.2 trillion of funding geared toward providing cash flow and tax relief for small businesses and individuals impacted by the pandemic, and it will have a particularly significant impact on the closely-held private client.  Read More....