In The News

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.



September 2010 Newsletter Features 11 Awards, Social Media Tips, Rappelling Off a Building, Economic Tips, ABC's First Liquor License & New Health Care Laws

September has been an especially busy month at Bone McAllester Norton.  To read the rest of our newsletter, click here.

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.


 

Bone McAllester Norton Attorneys Charles Bone, Stephen Zralek and Trace Blakenship Named "Best of the Bar"

Bone McAllester Norton is pleased to announce that three members of our firm are among 30 lawyers in Middle Tennessee named to the Nashville Business Journal's 2010 “Best of the Bar.”


  Nominated by peers and chosen by a panel of judges, these attorneys were selected for their commitment to their clients, dedication to their respective areas of the law, and their respect and professionalism toward their peers and chosen profession.


Honorees from Bone McAllester Norton are Charles W. Bone and Stephen Zralek in the category Outstanding Small Law Firm and Trace Blankenship for Rising Star.


 

Bone McAllester Norton Attorneys Charles Bone, Stephen Zralek and Trace Blakenship Named "Best of the Bar"

Bone McAllester Norton is pleased to announce that three members of our firm are among 30 lawyers in Middle Tennessee named to the Nashville Business Journal's 2010 “Best of the Bar.”

  Nominated by peers and chosen by a panel of judges, these attorneys were selected for their commitment to their clients, dedication to their respective areas of the law, and their respect and professionalism toward their peers and chosen profession.

Honorees from Bone McAllester Norton are Charles W. Bone and Stephen Zralek in the category Outstanding Small Law Firm and Trace Blankenship for Rising Star.

 

"Transportation System’s Future Needs to be Developed Today"

May 26, 2010, Tennessee Voices
By Charles W. Bone


If there is a lesson to be learned from the devastating floods, it’s that our region is at its best when we pull together as a community. And just as we have pulled together as a community to address the natural disaster, we must do the same if we’re going to solve our region’s transportation issues.


In the coming weeks, there will be a number of public hearings for community input on the Nashville Area MPO 2035 Regional Transportation Plan that will be unveiled at the upcoming “Convening the Region Summit.” The plan will help us establish regional goals, policies and objectives for our multi-modal transportation system over the next 25 years. It will help us support the economic growth and prosperity goals of communities while tackling future congestion, safety and security travel concerns and working to reduce urban sprawl.


All of us involved with Cumberland Region Tomorrow will be asking you to take part in developing a regional vision for the future of our transportation system.


In 1956, President Dwight D. Eisenhower signed into law the “National Interstate and Defense Highways Act” that served as the catalyst for what we all know now as our national interstate system.


As monumental as that legislation was for setting the course for the designation and funding of our nation’s transportation infrastructure, it didn’t all come together that year — or even in that decade. It took years of input, cooperation and planning to put in place our current interstate system.


The 2035 Regional Transportation Plan is the 21st century equivalent of the interstate system for us. It will be vital to the economic vitality and livability of this region we call home.


A number of policy issues will need to be decided: How do we address the long-term transportation needs of our 10-county Middle Tennessee region? How do we provide better transportation alternatives for our citizens to reduce traffic congestion, smog and pollution while still remaining economically competitive? How do we work with the federal, state and local governments to make sure our public-private partnership in addressing Middle Tennessee’s transportation needs is successful?


After last year’s summit, the Middle Tennessee Mayors Caucus was formed to provide leadership on the important issues facing our growing region. The Transit Alliance of Middle Tennessee also has been formed, calling for a “bold vision” including more mass transit and walkable communities. The Alliance is headed by Ed Cole, a longtime leader in transportation solutions, and I serve as the chairman.


Concerned citizens, the business community, our elected leaders and others in our 10-county community must all pull together if we’re going to find a regional solution to our transportation issues. One county or one community can’t do it alone. It’s going to take us all.


Please make your voice heard.


Charles W. Bone is the chairman of Bone McAllester Norton PLLC and a founding member of Cumberland Region Tomorrow, the nonprofit organization that brings people together to address regional challenges and opportunities we face with the future growth and development of Middle Tennessee.


 

Leadership and Perseverance in the Face of Disaster: Bone McAllester Norton Clients Rise Above

When more than six feet of flood water rushed into two of Nashville’s key business enterprises destroying property and shutting down operations, Ajax Turner President Scott Turner and Gaylord Opryland Resort & Convention Center President Colin Reed did not retreat.


Instead, the leaders focused on the immediate crisis and number one priority of ensuring individual safety and salvaging property and next got down to the business of mapping out the shortest road to recovery.  Three weeks after the flood, Ajax Turner is reloading its inventory and making customer deliveries from a temporary location and Gaylord expects the hotel to be back in business before the end of the year.



National Flood Insurance Program: What Lenders Should Know

The National Flood Insurance Program (NFIP) was created by the National Flood Insurance Act of 1968. Two subsequent laws, the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994, have made the purchase of flood insurance mandatory for Federal or Federally-related financial assistance for acquisition or construction of buildings in Special Flood Hazard Areas (SFHAs).

Flood insurance is mandatory for buildings in FEMA-identified high-risk flood areas, referred to as SFHAs.  Whenever you make, increase, extend or renew a mortgage, home equity, home improvement, commercial or farm credit loan in an SFHA, you must require flood insurance. You may require flood insurance on all loans, even those outside SFHAs.

Ensure that flood insurance coverage is maintained for the term of all the loans on a building. Escrowing flood insurance premiums can help make sure you meet this requirement, and it helps protect you and your borrowers from uninsured flood losses.

Know the amount of flood insurance coverage to require. The required coverage is the lesser of the following: (i) the maximum amount of NFIP flood insurance coverage available, (ii) the outstanding principal balance of the loan, or (iii) the value of the building only. (Land and land values are not covered under the NFIP.)

Notify borrowers in writing of the requirement to buy flood insurance for new and existing loans. If you determine that a home or business is in an SFHA before loan closing, you are required to notify the borrower within a reasonable time prior to the loan closing. If you determine that an existing loan for a home or business is in a SFHA, you are also required to notify the borrower within a reasonable time.

There is no waiting period for flood insurance to go into effect when it is purchased in connection with making, increasing, renewing or extending a loan. In most other instances, there is a 30-day waiting period before flood insurance goes into effect.

For more information about the mandatory purchase of flood insurance requirements, and other related topics, read the .

Flood insurance and the mandatory purchase laws help protect your investments as well as your borrowers’ against uninsured flood losses. Floods can occur in unexpected areas of the country. Make sure you and your borrowers are protected from uninsured flood losses for their homes, businesses and belongings by following these requirements.

National Flood Insurance Program: What Lenders Should Know

The National Flood Insurance Program (NFIP) was created by the National Flood Insurance Act of 1968. Two subsequent laws, the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994, have made the purchase of flood insurance mandatory for Federal or Federally-related financial assistance for acquisition or construction of buildings in Special Flood Hazard Areas (SFHAs).

Flood insurance is mandatory for buildings in FEMA-identified high-risk flood areas, referred to as SFHAs.  Whenever you make, increase, extend or renew a mortgage, home equity, home improvement, commercial or farm credit loan in an SFHA, you must require flood insurance. You may require flood insurance on all loans, even those outside SFHAs.

Ensure that flood insurance coverage is maintained for the term of all the loans on a building. Escrowing flood insurance premiums can help make sure you meet this requirement, and it helps protect you and your borrowers from uninsured flood losses.

Know the amount of flood insurance coverage to require. The required coverage is the lesser of the following: (i) the maximum amount of NFIP flood insurance coverage available, (ii) the outstanding principal balance of the loan, or (iii) the value of the building only. (Land and land values are not covered under the NFIP.)

Notify borrowers in writing of the requirement to buy flood insurance for new and existing loans. If you determine that a home or business is in an SFHA before loan closing, you are required to notify the borrower within a reasonable time prior to the loan closing. If you determine that an existing loan for a home or business is in a SFHA, you are also required to notify the borrower within a reasonable time.

There is no waiting period for flood insurance to go into effect when it is purchased in connection with making, increasing, renewing or extending a loan. In most other instances, there is a 30-day waiting period before flood insurance goes into effect.

For more information about the mandatory purchase of flood insurance requirements, and other related topics, read the .

Flood insurance and the mandatory purchase laws help protect your investments as well as your borrowers’ against uninsured flood losses. Floods can occur in unexpected areas of the country. Make sure you and your borrowers are protected from uninsured flood losses for their homes, businesses and belongings by following these requirements.