Mike Sikora presented to the Ohio State Bar Association Council of Delegates Screening Committee on several improvements to Ohio’s Judgment Lien Statute. The Screening Committee voted unanimously to move forward with the initiative, which now heads to the full OSBA Council of Delegates next month for a vote.
Sikora Law is excited to announce the launch of our new Ohio Opportunity Zone website, which summarizes the latest information about Ohio Opportunity Zone law and its interplay with federal Opportunity Zone law and highlights certain projects that we’ve helped utilize those laws.
Sikora Law’s Managing Partner Mike Sikora quoted in Crain’s Cleveland Business article about Ohio’s Opportunity Zone Program.
Sikora Law’s Clients (40 successful applicants) were awarded approximately 20% of the $30,000,000 Ohio Opportunity Zone tax credits issued for 2019 investments in Ohio Opportunity Zones, a figure that we believe exceeds any firm in the state.
In 2019 Mike worked closely with the Senator who sponsored the Bill that became Ohio’s Opportunity Zone law as well as provided expert testimony on behalf of NAIOP to the Ohio General Assembly in support of the passage of that Bill. These efforts have resulted in one of the most beneficial Opportunity Zone tax credit programs in the country.
Sikora Law utilized its expertise and unique perspective on this new law to maximize the financial benefits of this fantastic new program for our Clients. If you are considering an Opportunity Zone investment, or if you have questions about how you can make the most of Ohio’s Opportunity Zone program, contact the Sikora Law Team.
Sikora Law LLC is pleased to announce that its newest attorney, Stephen Slawinski, has passed the Ohio Bar Examination and was sworn-in as an Ohio Attorney on May 8, 2020. Stephen will handle deal syndications and transactional matters for our real estate company Clients from our Downtown Columbus office.
Check out the article in Properties Magazine written by Mike Sikora regarding Commercial Real Estate and COVID-19.
Check out the article in Court News Ohio titled Sound Foundations wherein our very own attorney, George Carr is interviewed.
Ohio House Bill 251 would shorten the statute of limitations for actions upon a contract, and it recently had a second Hearing in the Senate after passing in the House. Ohio’s statute of limitations for breach of written contracts was significantly reduced from 15 years to 8 years in 2012 – not that long ago, when it comes to legislative action. House Bill 251 would further reduce to 6 years the statute of limitations for breach of written contracts. To review the latest version of House Bill 251, click here.
Executive Order signed today by Governor Mike DeWine requests that lenders provide commercial real estate borrowers with an opportunity for forbearance for a term of at least 90 days and that commercial real estate owners suspend rent payments for at least 90 days for small business tenants that are facing hardship due to COVID-19.
As COVID-19 continues to send shockwaves throughout our country, we have had a number of Clients this past week alone ask us essentially the same questions. For the benefit of all of our Clients, here are a few of those questions and our answers.