Family Business

Breaking News: The Delta Has Closed

KYEstates has received first-hand eyewitness reports today that after nearly 47 and a half years of operation, The Delta Restaurant and Lounge has closed its doors.  The restaurant was an institution for Louisville’s legal community in general and for the T&E Community in particular.  A notice posted on the door cites the owner’s desire to [...]

More→

Timmberrr…Another Taxpayer FLP Win!

At KYEstates, we don’t want to hex ourselves, or taxpayers, but the fact is that we’re on a little bit of an FLP roll here and here. The good news for taxpayers continues with Estate of Shurtz, T.C. Memo. 2010-21 (Feb. 3, 2010). Even though the taxpayer showed up at the Tax Court with mixed [...]

More→

Breaking News: E.On Considering Sale of LG&E

KYEstates is an advocate for locally owned, locally headquartered businesses in Kentucky.  Significant news hit the wires this morning: E.On, the German parent of LG&E, is considering selling LG&E and KU.  Potential bidders include Duke Energy, PPL, AEP, and Southern Co.  

More→

Nonprofit Directors in T&E Community: Take Note of Incentive Funds

T&E Community – although KYEstate$ focuses on T&E law matters, when we learn information useful to our readers, we will pass it along.  Many KYEstate$ readers serve as directors of nonprofit boards, or work in fundraising or planned giving for nonprofits, and that’s why we think this Business First article will be interesting.  The article [...]

More→

Machiavelli: Family Business Management Consultant?

You were not needing your morning cup of coffee to stay awake while reading this New York Times article last week featuring George Cloutier.  The article’s title says it all: “Fire Your Relatives. Scare Your Employees. And Stop Whining. ” If the reporter on the story, Kermit Pattison, hasn’t considered law as a “Plan B” career [...]

More→