BW News

BrownWinick Attorneys Named to 2020 Best Lawyers List

BrownWinick is pleased to announce that 24 lawyers have been included in the 2020 Edition of The Best Lawyers in America. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Best Lawyers® has published their list for more than three decades, earning the respect of the... Read More

Representing Yourself or Your Business in a Small Claims Action

A small claims action can be filed if the amount demanded is $6,500 or less. You can choose to represent yourself in a small claims action or hire an attorney to help. If you would like to represent yourself, the Iowa Judicial Branch website has some good resources for explaining the process: Essentially, this is the process for filing a small... Read More

Iowa DBA Basics

In Iowa, any business that wishes to do business using a different name than what the business was formed under must file for a DBA (“doing business as”). A DBA is an additional legal name for a business entity. It is also referred to as a trade name or fictitious name. It is not a replacement name, but instead a name taken on by a business entity... Read More

SBA Extending the Runway for Small Business Determination

Article written by BrownWinick 2019 Summer Associate, William "Billy" Daniel, and BrownWinick attorney, Drew Larson Last year on December 17, the Small Business Runway Extension Act of 2018 was signed into law, amending the Small Business Act. While the Runway Extension Act consists of only two sentences (one saying its name and the other what it... Read More

BrownWinick Volunteers at the Food Bank of Iowa

BrownWinick volunteered at the Food Bank of Iowa as part of their continued efforts to give back to the community. On July 19, a group of BrownWinick attorneys, staff and summer law clerks worked together to create meal bags of three bean soup at the Food Bank of Iowa. In just a few hours, the team created 10 meal bags, which equated to 4,260... Read More

Update on Investing in Opportunity Zones

Additional IRS and Treasury Department Guidance Proposed Regulations for Qualified Opportunity Funds The IRS has now issued two sets of proposed regulations for Qualified Opportunity Funds (“QOF”). As part of the Tax Cuts and Jobs Act, Congress established QOF as a new investment vehicle to spur economic development in certain distressed... Read More

What is an S Corp and Why Should You Consider One

S corporations, also called “S Corps”, are the largest tax filing entity in the United States. Nonetheless, I find that entrepreneurs are sometimes confused about what an S Corp is and why they should consider one. My goal with this post is to clear up misconceptions about S Corps and provide some insight as to the advantages and tax planning... Read More

One Year after Landmark Wayfair Decision Iowa Sales Tax Update

The United States v. Wayfair Supreme Court landmark decision last summer created an entirely new landscape for state sales and use taxes. BrownWinick’s previous articles explained the decision and provided an update focused for businesses. To summarize, many more businesses are subject to out-of-state sales tax laws under a concept known as... Read More