The Resurgence of the 1031 Tax Exchange

By J. Daniel Falligant Special to SavannahCEO A 1031 tax exchange — also known as a like-kind or Starker exchange — is essentially a swap of one investment asset for another with either no tax or limited tax due at the time of the exchange. The gain on a real estate sale in 1031 is […]

What Employers and Employees Should Know About Proposed Changes to National Minimum Wage and Overtime Regulations

By Andrew H. Dekle, Bouhan Falligant LLP Special to Savannah Morning News On July 6, the U.S. Department of Labor (DOL) officially published proposed changes to the Fair Labor Standards Act (FLSA) regulations, first announced on June 30. If these new rules become law, they could substantially increase the number of office workers, professionals, and […]

What Borrowers Need to Know About Upcoming Home Loan Changes

By Harris G. Martin, Bouhan Falligant LLP Special to Business in Savannah New federal rules and regulations designed to help borrowers understand home mortgage information are scheduled to debut on October 3. The upcoming changes are a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law five years ago. The […]

Subcontractors and Suppliers Should Exercise Their Lien Rights to Ensure Payment on a Construction Project

By Margaret W. S. Puccini, Bouhan Falligant Special to Savannah Morning News During the real estate recession and even now, many subcontractors and suppliers have learned what happens when a general contractor shuts the doors, goes bankrupt, or uses an owner’s funds for something other than payment to the subcontractors and suppliers who worked on […]

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