For over 13 years I have been fortunate to help clients who have suffered injuries in automobile accidents. Some of these injuries were minor and the client made a full recovery, and in some circumstances the injuries were catastrophic. I have represented the families of victims who died in automobile accidents or have had to help their loved ones recover from life changing injuries. It is among the most rewarding parts of my practice when I can hand my clients a settlement check that will significantly change their lives.

As I tell every personal injury client that comes into our office, I am not a doctor. I cannot heal your injuries. I am here for one reason, to work my hardest to obtain as much money as possible to compensate you or your loved one. I am never shy about asking for money to compensate clients, and you shouldn't be either. If someone has caused you an injury, however slight, you are likely entitled to compensation and you should not be feel greedy, embarrassed or ashamed about asking for this money.

Tax Consequences of Contributing "Sweat Equity" for LLC and Partnership Interests

by Steven M. Weiser, Esq.

When counseling clients with regard to forming new business entities, I'm always interested in understanding what "capital" the owner or owners of a business are planning on contributing to get the new business started. It isn't uncommon to find one owner contributing cash or property and another owner contributing "sweat equity." I also frequently meet with business owners who are interested in rewarding their key employees with an ownership interest in their partnership or limited liability company for the employees' past and future services to that business. The concept of contributing services to a business or rewarding employees for past or future services with the grant of ownership interests isn't uncommon. What is uncommon is the business owner that understands the tax consequences that come with the grant of partnership interests in exchange for services and how to plan around potential tax pitfalls.