Section Newsletters

Articles From Loren R. Stone

Tax bill hits seller financing By A. Jay Goldstein & Loren R. Stone Business and Securities Law, April 2000 Under a provision in the "Ticket to Work Incentives Improvement Act of 1999" (H.R. 1180), signed into law recently by President Clinton, accrual basis taxpayers using an installment method for asset sales will no longer be able to defer taxes on gains until payments are actually received.
Individual held personally liable for corporation’s failing to comply with statutory formalities By Loren R. Stone & A. Jay Goldstein Commercial Banking, Collections, and Bankruptcy, October 1999 In a recent decision, the Illinois Appellate Court has held that a corporation's failure to comply with filing requirements of the Business Corporation Act regarding the adoption and use of assumed names, will subject an individual to personal liability for breach of contract.
Individual held personally liable for corporation’s failing to comply with statutory formalities By Loren R. Stone & A. Jay Goldstein Business and Securities Law, May 1999 In a recent decision, the Illinois Appellate Court has held that a corporation's failure to comply with filing requirements of the Business Corporation Act regarding the adoption and use of assumed names, will subject an individual to personal liability for breach of contract.

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