Big thanks to everyone who came out and supported the grand opening of the Rincker Law, PLLC’s Illinois Office in Downtown Champaign. Special thank you to the Champaign Chambers of Commerce for hosting the ribbon cutting offering us the opportunity. Photos from the event are on our Facebook page here.
Depreciation of Farm Assets and Child Support in Illinois
Many times clients contact me on a child support matter who own farms and, accordingly, have expensive farm equipment. Farmers usually take deductions on the depreciation of expensive equipment on their tax returns. This MAY affect child support, as a trial court has discretion to include nonrecurring income in calculating net income for child support purposes. See In Re Marriage of …
Overview of Mediation
I will be speaking tomorrow at the crack of down tomorrow morning to the CU Sunrise Rotary Club on mediation. For those of you who are in Central Illinois, I would the support! The presentation is at 6:45am and coffee (and breakfast!) will be provided. Here are my materials for the presentation on mediation available on my JD Supra page …
An Overview of New York Right to Farm Law
New York, like most states, has its own “right-to-farm” law. Unfortunately for neighbors that are complaining of activities that are due to farming, right-to-farm laws serve to protect qualifying farmers and ranchers from nuisance lawsuits filed by individuals who move into a rural area where normal farming operations exist, and who later use nuisance actions to attempt to stop those …
Horses + Divorces, Grapes + Gripes, and Romantic Farmer Prenups
I’m talking the intersect between family/matrimonial law and agriculture in Tiffany Dowell Lashmet’s podcast “Ag Law in the Field”. I’m on Episode 4 and you can listen to the podcast interview here or download it via iTunes. I talk about why I love prenups and Alternative Dispute Resolution with divorce, especially in the contest of agriculture. I also give some …
Tips for Running a Family Biz
I was having my “Miracle Morning” this morning and catching up on the the news. I came this article in USA Today by Rhonda Abrams titled “8 Keys to Running a Family Business.” When I hear “family business,” I cannot help but think about multi-generational food and agriculture businesses. Here are Rhonda’s tips: Decides who does which job. Like a …
Are you a “DBA” in Illinois?
There are several food and agriculture businesses that are a sole proprietorship or general partnership that operate as a DBA. For example, my own cattle business is really Cari Rincker d/b/a Rincker Cattle Co. My parents’ cattle operation is Curt & Pam Rincker d/b/a Rincker Simmentals. DBA’s are ubiquitous in the food and agriculture industry. However, have you cross your …
Farm Machinery Leases
Leasing farm equipment, rather than buying it, may be appropriate when the equipment is only needed for a short period of time or if the value of the equipment will be low after the intended use or if the farmer is limited by income or funds. The following terms are what should be included in the lease for lease of …
Some Considerations for General Partnership Agreements
Happy Post- Thanksgiving Break. I ate a lotta turkey down in College Station, Texas over the weekend. So I’ve been getting a lot of questions about partnership agreements lately. A partnership arises when two or more people agree to share in the profits and losses of a business. Oftentimes in business, especially in the food and agriculture industry, partnerships are …
Shhhhhhh– Some Considerations for Those Pesky NDA’s
In many types of business agreements, including agricultural ones, it is important for parties to be able to safeguard information they wish to remain secret. Non-disclosure agreements (“NDAs”) can be helpful in ensuring that information stays between the parties of the agreement. Put simply, there are two types of NDAs: bilateral and unilateral. A bilateral NDA is one where both …
Lawline Presentation on the Veterinary Feed Directive
I gave a presentation a few weeks ago on the Veterinary Feed Directive via Lawline. You can listen to the video below; however, if you would like to get a copy of my presentation materials (and get CLE credits for you lawyers!) then please register with Lawline here. I break this presentation into 2 parts: (1) I review the background …