Mackall, Crounse & Moore, PLC has joined Dewitt Ross & Stevens S.C.

The newly formed DeWitt Mackall Crounse & Moore S.C. will provide clients with enhanced legal services
and efficiencies as well as access to more than 100 attorneys practicing in nearly 30 areas of
law in Wisconsin and Minnesota.

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News & Education

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Now Is the Best Time for an ESOP

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CFO Magazine recently featured a good article regarding implementation of an ESOP (employee stock ownership plan) before the end of 2012 in order to take advantage of the 15 percent federal capital gains tax rate.

“Most people watching this don’t think the 15 percent rate will be extended again,” says Tim Stewart, an attorney with DeWitt Ross & Stevens, which has a growing practice in helping companies set up employee stock ownership plans (ESOPs). “And once it goes up, it’s not coming back down, at least for awhile.”

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2012 May Be the Final “Great Year” to Sell Your Business

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MADISON/MILWAUKEE - 2012 may be the last year in which a business owner can take advantage of the lowest capital gains rates in recent decades.  As of January 1, 2013, the federal capital gains rate is set to increase from 15% to 20%.  In addition, there will be a new 3.8% Medicare tax on unearned income beginning in 2013.  Accordingly, a business owner whose stock could have been sold in 2012 at the 15% rate, will be subject to a minimum, combined 23.8% federal tax rate in 2013 and thereafter.

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October 2012 Named "Employee Ownership Month" in Wisconsin

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MADISON/MILWAUKEE – The Employee Benefits/ERISA attorneys of DeWitt Ross & Stevens, who counsel dozens of clients with their respective Employee Stock Ownership Plans (ESOPs), were pleased to learn that October 2012 has been proclaimed Employee Ownership Month in Wisconsin. To read the official proclamation, click here. To learn more about why an ESOP might be right for your business, visit our Employee Stock Ownership Plans page.

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Park Manor, Ltd. Awarded 2012 ESOP Company of the Year

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Congratulations Park Manor, Ltd. for receiving the 2012 ESOP Company of the Year award by the Wisconsin Chapter of the ESOP Association. Park Manor, Ltd. is a nursing home located in Park Falls, WI. It established its ESOP (employee stock ownership plan) in 1998 and in 2009 became a 100 percent ESOP-owned company.

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Disclaimer

One of the best features about our website articles and blog entries is that they are timely—you get up-to-date information on the law as it exists at the time. The downside is that the law changes, but our older entries don't. That means we can't guarantee you are getting the most current law when reading through past entries.

Please don't take these articles and blog entries and rely on them as legal advice. Give us a call instead, for specific and pointed advice for your particular situation. Note that contacting us does not create an attorney-client relationship, unless you are accepted as a client of the firm.

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DeWitt Ross & Stevens S.C., including its affiliate DeWitt Mackall Crounse & Moore S.C., is one of the ten largest law firms based in Wisconsin, with an additional presence in Minnesota. It has more than 120 attorneys practicing in Madison, Metropolitan Milwaukee and Minneapolis in over 30 legal practice areas, and has the experience to service clients of all scopes and sizes.

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We are an active and proud member of Lexwork International, an association of midsized independent law firms in major cities located throughout the Americas, Europe and Asia.

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Best Lawyers 2013 - 2016
Compass Award 2012
Top 100 Lawyers: National Trial Lawyers Association

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