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Tilting the Scales Business Issues with a Legal Slant

Category Archives: Money

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Whistleblowers, Do Tell?

Posted in Constitutional Rights & Issues, Employment & Labor, Money

Whizzle Blour, a professor of surgery at University Medical School, complained to his supervisor that trauma residents at University Hospital were treating and operating on patients without an attending physician’s supervision in violation of Medicare and Medicaid law.  After agreeing to settle those federal claims, University Hospital stripped Whizzle of his faculty chair position claiming… Continue Reading

There’s a Printer for That!

Posted in Money, Social Media & The Internet

Fresh off his last Tonight Show monologue, Jay Lento is scouring the vintage car dealers’ websites to find replacement wheel hubs for his antique BMW. Searching worldwide, he finds none. When his friend N. Gennyus mentions that he can make exact computer replicas with a 3D printer to create a cast to manufacture the vintage… Continue Reading

Domain Names – Possession is 9/10ths of the Law

Posted in Employment & Labor, Money, Social Media & The Internet

As 2013 was winding down, the law firm of Dewey, Cheatum & Howe also known as www.BestLawfirmEver.com was calculating its partners’ year end distributions. Before the ink was dry, Dewey announced he was leaving, taking an associate AND the law firm website www.BestLawfirmEver.com. Cheatum and Howe were convinced that the domain name and the website… Continue Reading

Lost or Stolen: Liability for Unauthorized Credit Card Charges

Posted in Legal Risk Management, Money

On a brisk January day, Mary A. Richman opened her mailbox and was confronted with the sobering sight of thick envelopes from Visa, American Express and MasterCard each containing a month’s worth of extravagant Christmas purchases.  Although she expected the bills to be large, she didn’t expect them to be this large.  When she carefully… Continue Reading

Wanna Bet? Betting About Baseball Returns to the News

Posted in Money, Sports & The Outdoors

In 2011, Milwaukee Brewers star Ryan Braun became the first MLB player to successfully challenge, and evade, a 50-game suspension for suspected use of performance enhancing drugs (PEDs).  Coincidentally, that same year, Braun went on to win the National League MVP award.  Although many thought that Braun escaped on a technicality, Braun was not without… Continue Reading

Mistakes Have Consequences – British Petroleum’s Settlement

Posted in Legal Risk Management, Money

Three years ago, Tilting told tales of oil spill legal problems suffered by Forrest Gump, Bubba Gump Shrimp Company, Wok Ann chu-gumm Seafood Restaurants, Chef Red Fishy and Bishop Carp. Tilting predicted class action lawsuits against British Petroleum and big settlements. Bubba, Chef Red and Bishop Carp ignored Tilting’s advice and never joined a lawsuit…. Continue Reading

The Tax Man Cometh to Cyberspace

Posted in Money

Rose Pettle is the owner of Florist Gump, a chain of flower shops throughout Texas.  Ever the entrepreneur, Rose launched Bloomarama.com, an internet business selling many floral items in her brick and mortar stores.  Bloomarama.com is a separate Florida corporation with no physical location or offices in Texas.  However, for the convenience of its customers,… Continue Reading

How to Dissolve a Business

Posted in Legal Risk Management, Money

Anita Deal and Ivana Bie formed their commercial real estate  business Dirt Cheap, LLC several years ago. Through 2007 it was wildly successful. Then the bottom fell out. Their friendship, tenacity and cash reserves are waning. Ivana believes that the market has turned and that now is the greatest real estate buying opportunity of all… Continue Reading

Understanding the Tort of Negligent Misrepresentation

Posted in Legal Risk Management, Money

Ty Coon was furious after Tightwad Bank’s internal bank audit of Leaven and Earth’s books revealed the company’s inventory and accounts receivable levels materially lower than the company’s audited financial statements. Those financial statements, upon which Tightwad Bank relied, were prepared by Leaven and Earth’s outside auditors Cook, Books & Hyde and were a requirement… Continue Reading

Is there a Tax Benefit to Dying in 2010 rather than 2011

Posted in Money

The good news is, Ty Coon is a billionaire. The bad news is, Ty Coon recently turned 98-years-old and is sick…very sick. In his younger years, Coon amassed a billion dollar fortune as the owner of an international Mexican fast food chain. While Coon always found time for tacos, he never had time for sophisticated… Continue Reading

Protesting Property Tax Valuations

Posted in Money, Property Issues

Ward and June recently received their property valuations from Comfort County. Their broker son Beaver Cleaver told them that, because county property valuations are intended to reflect the market value of the property as of January 1 this year, widespread foreclosures, declining building permits and high office vacancy rates should send Comfort County property values… Continue Reading

Complying with Bank Loans

Posted in Money

A year ago Standup Stanley bought Hotel 8 Properties. Stan’s banker Betty Maekit-hapen was able to get him the purchase money and an operating line of credit loan from DaytonaMac Bank. Hotel 8 was able to use its valuable Arizona real estate and cash flow as collateral without Stan’s personal liability so long as Hotel… Continue Reading

Entertainment Business Tax Expenses

Posted in Legal Risk Management, Money

Snidely Whiplash, a personal injury lawyer, was trying to get business from his friend “Attila” who is a chiropractor. Attila’s common law wife Hun loves mud-wrestling matches.  “If I could arrange something to please Hun,” thinks Snidely, “surely Attila will send me some business!” Snidely learns that the world mud wrestling playoffs are coming to… Continue Reading

Debt Collection Tactics

Posted in Money

With times getting tougher, Greeda Greenshade at ShortCircuit City noticed that her customers were paying their invoices much later. So, Greeda hired an outside firm StrongArm Collectors to collect the aging receivables. ShortCircuit did get a little concerned, however, when one of its best customers Delia Dish called to complain about StrongArm’s collectors who left… Continue Reading