In The News

Rob Pinson to Present Top 10 Year-End Tax Planning Strategies

Bone McAllester Norton attorney Rob Pinson will present the Top 10 Year-End Tax Planning Strategies on November 18th from 8:30am – 10:30am.


  This event is designed for business owners and hosted by KraftCPAs, Accelerent and Bone McAllester Norton.


Topics Include (but not limited to)
• Best ways to take cash out of the company
• Rules for related party deductions
• Research & development tax credits you might have overlooked
• Accelerated depreciation options and strategies
• Using retirement plans to their full tax benefit potential
• Tennessee state tax issues and opportunities
• Update on new and/or expiring tax legislation
• The pros and cons of Roth IRA conversions this year
• Gifting strategies to avoid taxation
• Making charitable contributions from retirement plans


Location: KraftCPAs’ Nashville Office, 555 Great Circle Road (Metro Center)


 

Trace Blankenship Presented "Private Placements in Tennessee: Anatomy of an Early-Stage Investment"

Bone McAllester Norton attorney Trace Blankenship presented a webcast titled “Private Placements in Tennessee: Anatomy of an Early-State Investment” for the Tennessee Bar Association on October 13, 2010.


Here is a description of the presentation:


As opportunities continue to increase for Tennessee companies to pursue and obtain capital investments, the company’s management and advisers have much to consider as they structure and document the investment.  This session is designed to provide an overview of what exemptions are available under the federal and state securities laws for Tennessee companies obtaining capital from outside investors and what risks need to be considered, along with practical guidance for how to properly document the investment transaction.  Join Trace Blankenship, a securities and M&A attorney at Bone McAllester Norton PLLC, Nashville, Tennessee, in this session to hear about the changing legal landscape for raising capital and best practices for companies considering a private placement offering in Tennessee.


 

Roundtable Led by Will Cheek: “State ABC Mergers with Other State Agencies”

Will Cheek led a roundtable discussion entitled “State ABC Mergers with Other State Agencies” at the annual meeting of the National Association of Licensing and Compliance Professionals.


  Missouri recently merged its ABC with its Revenue Department, getting rid of almost all its agents in the process.  Tennessee, Texas and other states have been looking at mergers to save costs.


NALCP is an organization of in-house hospitality licensing and compliance professionals specializing in retail liquor licensing.   Mr. Cheek has been an active supporter of the organization and serves as general counsel to the nonprofit.


 

Stephen Zralek’s WaterCooler Networking Event to Feature “Molding Your Image in a 24/7 World”

The next WaterCooler event is set for Monday, October 11, 2010 from 5:30 to 7pm at Fish & Co.   Co-hosted by Stephen Zralek of Bone McAllester Norton, Renata Soto of Conexión Américas and Wade Munday, WaterCooler is an open invitation, informal networking group for young entrepreneurs.  Bring your friends and please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it..


Join us for after-work drinks and networking as we welcome WKRN anchor Christine Madella.  In addition to serving as an anchor, Christine is also a media consultant for entertainers, athletes and organizations.  She will lead a discussion on molding your image in a world where we are constantly connected, as individuals and organizations, whether through social media or traditional media.

Christine was one of the early reporters to use Twitter as a journalist, and is credited for having broken the news of Steve McNair's death on Twitter.  With over 4,000 followers on Twitter, you can follow her here: www.twitter.com/christnemaddela

We will meet at Fish & Co. (formerly Miro District), near Vanderbilt.  Come check out the new restaurant, which has garnered great reviews.  When you enter, go upstairs and to the back of the room.


Please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it. by Friday, October 8, so that we can give Fish & Co. an accurate headcount.  Feel free to invite your friends.


WaterCooler Presents
Christine Maddela
"Molding Your Image in a 24/7 World"
Monday, October 11, 2010
5:30- 7:00 PM
Fish & Co.
(1922 Adelicia Street)
$10 includes food with cash bar


WaterCooler is an informal networking group for young entrepreneurs in their 20s, 30s and 40s that meets the second Monday of every month from 5:30-7pm for cocktails, networking and the chance to hear vibrant speakers on a variety of topics.  There is no official membership and no dues -- just come when the speaker interests you.

WaterCooler began in September 2009 and has featured the following speakers/topics:

September 2009: Kimberly Pace (Owen School): "Personal Marketing"
October 2009: Clint Smith (Emma): "The Art of Everyday Innovation"
November 2009: Chris Ferrell (SouthComm): "The Changing Delivery of Information"
December 2009: Becca Stevens (Magdalene/Thistle Farms): "Walking in Gratitude"
January 2010: Freddie O'Connell (SearchViz): "Search Engine Optimization"
February 2010: Bob Bernstein (Bongo Java)/Jose Gonzalez (Belmont): "Entrepreneurship with Heart"
March 2010: Sid Chambless (Nashville Capital Network): "Investment Capital for Young Entrepreneurs"
April 2010: Networking for WaterCooler attendees
June 2010: Laura Creekmore (Creekmore Consulting): "Using Social Media as a Young Entrepreneur"
July 2010: Alan Young (Armor Concepts LLC): "Secrets of Starting a Successful Company"
September 2010: Ed Nash (Oxford Fine Arts): "The Art of Buying Fine Art"


 

Stephen Zralek to Present How to Protect Against a Lawsuit when Using Social Media

Bone McAllester Norton attorney Stephen Zralek will present a session titled How to Protect Against a Lawsuit when Using Social Media at BarCamp Nashville on Saturday, October 16th at Cadillac Ranch.


 Stephen will be among dozens of presenters at this free, new-media focused “unconference” which brings together the brightest minds from the new media, tech, entrepreneurial and “geek” communities.


Below is an overview of Stephen’s topic:


Legal issues are often the last thing people think of when using Twitter, Facebook or blogging. They say that ignorance is bliss, but ignorance of the law is never an excuse in court.


We will explore issues that every social media user needs to know to help protect against a lawsuit, ranging from copyrights and trademarks (copying others’ content, photos or logos) to fair use, privacy & terms of use, along with questions from the audience.


Learn more and register for BarCamp Nashville.





 

Bonelaw Board Chair, Stacey A. Garrett Goes Extreme

By Stacey A. Garrett


When the Special Olympics of Tennessee announced it was bringing its “Over the Edge” fundraiser to the Nashville City Center for anyone brave enough to rappel down the side of the 27-story downtown high rise, Bone McAllester Norton attorney and Board Chair Stacey Garrett said, “Sign me up!”  But, WHY?  Read her story.


Yes, I did!  I rappelled our 27-story building.


It all started after reading an email announcing a fundraiser for the Special Olympics of Tennessee to sponsor a year round sports training and athletic competition for more than 16,000 children and adults with intellectual disabilities.  Those raising at least $1,000 to support the cause would be among the persons selected to rappel from the downtown Nashville City Center, which is 27 stories and over 400 feet.


Truth is, I never gave it a second thought and signed up within 5 minutes of receiving the email.  It seemed like the experience of a lifetime and a great challenge to advocate for a special organization.


So, the answer to my most frequently asked question, “But WHY!?” is -- it was a natural response from a very adventurous spirit.  And, the answer to the next question, “Are you crazy?” -- definitely not.


The fundraising challenge became an incredible source of fun as I worked to develop, promote and manage my own fundraising webpage and spread the word about the campaign.  Learning about the Special Olympics of Tennessee was a wonderful experience.  The best advocate is a believer in his or her cause, and throughout this process, I learned more and more about the truly special cause this organization supports.  It was amazing to see the event participants become vocal and active advocates of the Special Olympics of Tennessee.


With the fundraising goal met, I was assigned to rappel on Friday, September 10 at 3:00 p.m.  An exciting idea was about to become a reality.


The day was met with persistent and heavy rain.  Driving up to the Nashville City Center (where I work) and watching the rappellers even in the hard rain, I wasn’t sure how I felt. Was it fear? Would I actually go through with it?  In reality, I had no idea how I would react when the time came, because the experience was unknown and it was the fear of the unknown that was most distressing.


I was watching the weather radar nonstop and praying suddenly it wouldn’t rain (or at least not so hard) when 3 pm arrived and, amazingly, the sun came out.  My worried parents camped out with family, friends and our entire office to watch.


Stepping off the elevator on the 27th floor, I thought about turning around.  Standing there was one of the Special Olympics participants to cheer and thank us, and I couldn’t walk away.  The volunteers there to help us at the top were from different places.  Some worked in power plants and hung in ropes for a living.  Each and every one of them was an incredible source of support.


I will never forget climbing out onto the ledge on my knees. In that moment, feeling nothing around me, I realized there was no turning back.  Taking a deep breath, I slowly sat back but was unable to move downward due to the weight of the rope. After several seconds in a completely horizontal position and not moving, I quickly jumped back on the ledge.


With the encouragement of the volunteers, I tried once more. I remember being told: “Stacey, girl, you are already over the edge. It is that easy. You did it. Now keep going.”


Things went okay for the first six stories, but then my foot slipped off a wet window and I began swinging and couldn’t get traction for my foot. I admit I panicked a bit. But, I vividly recall that in the next second, I heard the Bone McAllester Norton team cheering me on loud and clear and, in that instant, realized my surroundings. Those cheers were enough to allow me to thoughtfully find a place to put my feet for traction and to keep going down.  Watching the video, it is clear to me when all this occurred. It is a very brief time on tape, but at the moment, it seemed an eternity.


Although the trek down seemed an eternity, when my feet touched the ground at the end, a smile was on my face.  It wasn’t relief to be on the ground, but rather the realization that I had conquered fears I never knew I had. I had tested and can now attest to the fact that all you need to accomplish your goals is within you.  I met incredible people and had a great time learning about and supporting the Special Olympics of Tennessee.  And, in the end, it was a true adventure.







 

Will Cheek to Serve on the NCSLA 2011 Annual Conference Planning Committee

Will Cheek has been selected by the National Conference of State Liquor Administrators to serve on the NCSLA 2011 Annual Conference Planning Committee.


  The organization held its first meeting at Spring Creek Ranch, in Jackson Hole, Wyoming earlier this month.  The Committee will plan the business and social agendas for the 2011 conference, which is projected to be attended by hundreds of liquor regulators and industry members from across the United States.  This month's meeting centered on planning the program for the conference, which will cover developing legal and business issues for the liquor industry.  The eleven person committee serves as the host for the 2011 conference, to be held at the Wynn Casino in Las Vegas in June 2011.


 

Will Cheek Produces Program on Belmont University’s Law School

Bone McAllester Norton attorney Will Cheek produced a program about Belmont University's new law school for the September meeting of Lawyer's Association for Women.


  The program featured Dean Chris Guthrie of Vanderbilt Law School and Dean Jeff Kinsler of the new Belmont College of Law.  The program was moderated by Federal Court of Appeals Judge, Honorable Martha Craig ("Cissy") Daughtery.  Belmont is Tennessee's first new law school in over 100 years.


Will has produced programs for LAW for a number of years and has been active in the organization since he graduated from law school in 1991.

 

Stephen Zralek's Watercooler Networking Event to Feature "The Art of Collecting Fine Art"

The next Watercooler networking event will be held on Monday, September 13, 2010, at 5:30 PM at the Stanford Fine Art Gallery in Belle Meade, at 6608 Highway 100, just past the Hwy 100/70 split.


  We have relocated this upcoming WaterCooler to allow our future host, Fish & Co, to complete its renovations.  There is no charge for attending this WaterCooler and complementary wine will be available.  What better reward for making the trek to the backwoods of Belle Meade than this informal networking and learning opportunity?  (Networking from 5:30 to 6:00; Ed begins his presentation around 6:00.)


"The Art of Collecting Fine Art"
with Ed Nash of Oxford Fine Arts


Please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it. so that we can give an accurate headcount.  Feel free to invite your friends, and let us know of anyone else who should be on our list.


WaterCooler Presents
Ed Nash
"The Art of Collecting Fine Art"
Monday, 13 September, 2010
5:30- 7:00 PM
Stanford Fine Art Gallery
6608 Highway 100
Renata, Stephen, and Wade


WaterCooler is an informal networking group for young entrepreneurs in their 20s, 30s and 40s that meets the second Monday of every month from 5:30-7pm for cocktails, networking and the chance to hear vibrant speakers on a variety of topics.  There is no official membership and no dues -- just come when the speaker interests you.

WaterCooler began in September 2009 and has featured the following speakers/topics:

September 2009: Kimberly Pace (Owen School): "Personal Marketing"
October 2009: Clint Smith (Emma): "The Art of Everyday Innovation"
November 2009: Chris Ferrell (SouthComm): "The Changing Delivery of Information"
December 2009: Becca Stevens (Magdalene/Thistle Farms): "Walking in Gratitude"
January 2010: Freddie O'Connell (SearchViz): "Search Engine Optimization"
February 2010: Bob Bernstein (Bongo Java)/Jose Gonzalez (Belmont): "Entrepreneurship with Heart"
March 2010: Sid Chambless (Nashville Capital Network): "Investment Capital for Young Entrepreneurs"
April 2010: Networking for WaterCooler attendees
June 2010: Laura Creekmore (Creekmore Consulting): "Using Social Media as a Young Entrepreneur"
July 2010: Alan Young (Armor Concepts LLC): "Secrets of Starting a Successful Company"


 

ABA Copyright Litigation Committee Co-Chair Stephen Zralek Announces Annual Conference Events in San Francisco

Bone McAllester Norton attorney Stephen Zralek, co-chair of the American Bar Association (ABA) Copyright Litigation Committee, has announced committee events to be held during the ABA annual meeting on August 6 in San Francisco. All committee members attending the annual meeting are invited to attend.


Committee Meeting/Roundtable Discussion: The Committee will meet Friday, August 6, from 11:45am to 12:45pm in the SoMa Room on the 3rd floor of the InterContinental San Francisco.  Dale Cendali, a copyright litigation superstar at Kirkland & Ellis, will lead a roundtable discussion about current issues in copyright litigation and share some observations from her representation of The Associated Press in the lawsuit against Shepard Fairey (who used the AP's photo of President Obama to create a poster and other merchandise).  As "Above the Law" Blog says: "In case you're not familiar with her, Dale Cendali is a big deal. . . . [she] is a Bad-Ass Litigatrix."

We'll also shape our agenda for the coming year and establish subcommittees, including Hot Topics, Bulletin, Webinars, and planning next year's Annual Meeting. .

Happy Hour:  Drinks on Friday, August 6 at 6:30 at ThirstyBear Brewing Company, billed as "San Francisco's first & only organic brewery," located only 2 blocks from the Intercontinental at 661 Howard Street.

 

Trace Blankenship Presents "Private and Family-Owned Company Boards: What Directors, Owner/Executives and their Professional Advisers Need to Know Now about the Evolving Corporate Governance Landscape"

Trace Blankenship presented “Private and Family-Owned Company Boards: What Directors, Owner/Executives and their Professional Advisers Need to Know Now about the Evolving Corporate Governance Landscape," during the first week of July to Vistage International's Nashville Trusted Providers Group.


  Trace concentrates his practice on mergers and acquisitions, securities transactions, and corporate governance for public and private companies, and he summarized to the group some essential principles that directors and owner/executives of private companies can use to reduce the risk of disputes and potentially benefit the bottom line when making "bet-the-farm" decisions and changes that affect the stakeholders.  Vistage International was founded in 1957 and is a respected worldwide chief executive leadership organization with more than 14,500 members.  Vistage’s Executive Leadership Program provides access to new ideas and fresh thinking through monthly peer workshops, one-on-one business coaching, speaker presentations from industry experts, social networking and an extensive online content library of articles, best practices, podcasts and webinars.  Trace is a member of Vistage International's Nashville Trusted Provider Group.


 

Paz Haynes to Moderate Panel for Law Day 2010: Defending Freedom in the Nashville Sit-In Trials

Presented by the Nashville Bar Association, Napier-Looby Bar Association and Nashville Bar Foundation, Law Day 2010 will be a special celebration of the attorneys who defended Nashville sit-in demonstrators on the 50th anniversary of the trials.


  The event titled “Law Day 2010: Defending Freedom in the Nashville Sit-In Trials” will feature a luncheon followed by a CLE panel presentation, “Civil Disobedience and the Rule of Law: The Nashville Sit-Ins and Lessons In Courage,” moderated by Bone McAllester Norton attorney Paz Haynes.


Details on the event and how to register are available at www.nashvillebar.org.


 

Health Care Reform Seminar: Preparing Businesses for Immediate Impact

When: Thursday, June 17, 2010 | 7:30 a.m. - 9:00 a.m.

Where: Bone McAllester Norton

131 Saundersville Road | Parkside Plaza One

Hendersonville, TN  37075



When: Thursday, June 24, 2010 | 11:30 a.m. - 1:00 p.m.

Where: Bone McAllester Norton

Nashville City Center, 16th Floor | 511 Union Street

Nashville, TN  37219



Signed into law March 23, 2010, The Patient Protection and Affordable Care Act ("Health Reform Act") includes sweeping changes which will impact every American.  This briefing will break through the complexities of the legislation and focus on the key provisions that go into effect this year and early in 2011.


If you have employees or work with health care benefits or health plans, join us for this informal session on:



  • Insights into the new rules for health plans and health insurance.

  • Opportunities and challenges for plan design and administration in this new environment.

  • Which parts of the legislation take effect the earliest so you can prioritize.

  • What you need to be doing NOW to prepare for the coming Health Reform Act changes.


Presented by Bone McAllester Norton and Heritage Financial Group, specific topics will include how to prepare for benefit limits, pre-existing condition exclusions and rescission, requirements regarding medical loss ratios, new tax measures, "Cadillac Plan" taxes, coverage of dependent children, early retiree reinsurance, and rules for health accounts (HSAs and FSAs).





To register for this complimentary seminar and breakfast/lunch, RSVP by Friday, June 11 to This email address is being protected from spambots. You need JavaScript enabled to view it. or 615-742-6889 with date/location preference.

Space is limited.



Rob Pinson to Speak on Rules Governing Tax-Exempt Organizations

Bone McAllester Norton attorney Rob Pinson will present at the National Business Institute’s one-day live seminar How to Keep Tax-Exempt Organizations in Compliance on July 22 at the Millennium Maxwell House Hotel.


Rob will be speaking on the topics of “Maintaining Tax-Exempt Status”, “Dealing with Unrelated Business Income” and “Intermediate Sanctions” along with speakers David Parsons (Baker, Campbell & Parsons), Carolyn Schott (Baker Donelson, Bearman, Caldwell & Berkowitz, PC) and Sallye Williams (Carr, Riggs & Ingram, LLC).


Five benefits of attending:




  • Gain strategies for safeguarding directors, officers and executives from potential liability.

  • Create an environment of accountability by establishing comprehensive internal controls.

  • Follow annual reporting requirements and comply with the rules governing disclosures and solicitation.

  • Know how to identify what qualifies as unrelated business income – and what the exceptions are.

  • Adhere to the accepted guidelines for determining appropriate executive compensation.


 

Stephen Zralek Moderates Panel on Termination of Transfer Rights

Bone McAllester Norton attorney Stephen Zralek moderated a panel of distinguished faculty on Termination of Transfer Rights on May 3, 2010.


  The seminar addressed provisions of the Copyright Act that allow authors to recapture rights to their works, which they may have transferred earlier in exchange for getting their works published.  Recapture rights currently is one of the biggest issues in copyright law, as the Copyright Act allows authors to exercise such rights only within certain windows of time, some of which are opening and/or closing in the next few years.  The seminar was produced by the American Bar Association Copyright Litigation Committee, of which Stephen is Vice Chair.  It was recorded and is accessible from this link: http://www.abanet.org/cle/programs/nosearch/tiocmo.html