How will changes in health care affect your coverage?

As Congress seems to be wrapping up health care legislation, health care could change for a number of people. Under the new federal rules, many public and private policies will likely be amended.

The public plans like Medicare and Medicaid will likely be available for more individuals. On the other hand, the cost structure and provisions of private plans could also be affected by the health care legislation. 

If you believe you are not receiving proper health care according to your plan, contact the Des Moines health care business attorneys of LaMarca Law Group, P.C., at (877) 327-2600. 

Which entity type is right for your company?

When an invididual or group of people decide to form a business, they often must choose an entity type. On the general level, the people starting the business will either decide to form a partnership or corporation.

If they choose a partnership, then they have the advantage of being a pass-through entity, which means that income taxes pass through to the personal level. However, depending on the type of partnership, some of the partners may be liable for debt obligations. 

If they choose a corporation, then they will all have the benefit of limited liability. However, their business activities will likely be taxed twice, once on the corporation level and once on the individual level for dividend receipts. 

If your business is having trouble deciding an entity type, contact the Iowa business formation lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

The issues surrounding a business liquidation

When businesses begin to wind down, they must make many important decisions regarding liquidation. The liquidation process can often be complicated and lengthy given the financial, accounting, and legal issues that must be resolved.

For instance, when a company liquidates, it may need to pay a certain tax amount that depends on the business entity type. While sole proprietorships typically pay little to no taxes upon liquidation, corporations will often face numerous taxes. 

If your business is considering liquidation, contact the Iowa liquidation lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

What is the CFTC?

The CFTC is the Commodity Futures Trading Commission. It was established in 1974 to act as a regulatory agency over futures contracts. 

The role of the CFTC is to detect and prevent fraud in the futures trading market. By serving this role, the CFTC enables market users, such as investors and creditors, to trade securities in a competitve futures market. 

If your company is involved in the commodity futures trading, contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

The ins and outs of issuing convertible debt

In order to raise capital, companies often issue debt instruments known as convertible bonds. These types of bonds are different from typical bonds because the bondholder can convert the bonds into stocks according to the bond terms.

The terms are set when the bonds are issued. They will usually detail when and at what price the bond can be converted. Because these bonds include a beneficial provision to bondholders, they are often sold at a premium.

Bondholders will typically not convert the bonds unless the market price for the stock rises above the conversion price. When this occurs, the bondholders can trade in the bonds for stocks and potentially sell the stocks for a profit.

If you or anyone you know has questions about the legal aspects of issuing debt, contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.

Additional liens filed against beef processing plant

Northern Beef Packers received liens from two more businesses Tuesday for unpaid work. The beef processing plant has now received 15 liens, claiming more than $13 million in unpaid work.

The two recent liens were filed by Iowa-based Structural Engineers and Jensen Rock and Sand. Other companies and mechanics with potential unpaid work claims have until the end of the month to file the liens, according to the judge assigned to the case.

If you or your business has not received payment for completed work, contact the Iowa business lawyers of LaMarca Law Group, P.C. at(877) 327-2600.

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