Gray Reed & McGraw, P.C.

New Guidance From IRS On At-Risk Rules For LLC Member Guarantees

The IRS recently released a chief counsel memorandum AM2014-003 on LLC Member Guarantees of LLC Debt and “Qualified Nonrecourse Financing.” These memorandums are very helpful because they provide the IRS’ interpretation of…more

| Business Organizations, Commercial Law & Contracts, Taxation

Native Gas And Storage Gas: Who Owns It?

Northern National Gas Company vs. Approximately 9117 Acres in Pratt, Camden and Reno Counties, Kansas shows the relationship between Kansas oil and gas law and the Kansas Underground Storage Act (KSA §55-1201 et seq)…more

| Energy & Utilities

More On The Moral Case For Fossil Fuels And Other Topics

My recent post about Alex Epstein and the moral case for fossil fuels told only part of his story. He also says that the global warming “alarmists” have it all wrong. He refers to “unambiguous” data that CO2 emissions have risen…more

| Energy & Utilities

Confusing Expiration Labels Cost Texas Restaurants

All restaurants have to deal with the issue of throwing away food at the end of the day. According to the National Resources Defense Council (NRDC), a powerful environmental action group and the Harvard Food Law and Policy…more

| Commercial Law & Contracts

Employer Handbook: Age Discrimination

The Age Discrimination in Employment Act (“ADEA”) applies to virtually all employers with 20 or more employees in 20 or more calendar weeks in the current or preceding year. Be careful how you count, though. Businesses under 20…more

| Civil Rights, Labor & Employment Law

Federal Court Calls General Partnership Interest A Security

Are general partnership agreements for oil and gas exploration considered “securities” governed by federal securities regulations? The U.S. Court of Appeals for the 10th Circuit thinks they could be. In SEC v. Jeffory D…more

| Commercial Law & Contracts, Energy & Utilities, Science, Computers, &...

Whistleblowers, Do Tell?

Whizzle Blour, a professor of surgery at University Medical School, complained to his supervisor that trauma residents at University Hospital were treating and operating on patients without an attending physician’s supervision…more

| Civil Procedure, Civil Rights, Labor & Employment Law, Health

Employment Law 101: Bonuses

What counts as a bonus: There are a lot of ways to describe a bonus. For our purposes, a bonus includes any discretionary or non-discretionary payment or “compensation” to an employee outside of their regular hourly, salary,…more

| Labor & Employment Law

IRS Makes Bitcoins A Tax Headache

The IRS just published Notice 2014-21 which explains the IRS’ vision on how general tax principals apply to “virtual currency” transactions like Bitcoin…more

| Finance & Banking, Science, Computers, & Technology, Taxation

The Moral Case For Fossil Fuels

Do bystanders see oil and gas producers as taking a stand for morality? Alex Epstein of the Center for Industrial Progress says they should. He approaches the value of fossil fuels in our society differently from most industry…more

| Energy & Utilities

All Press Is Good Press For Texas Restaurants

Some of you may have heard the latest uproar caused by Pizza Patrón. Known for its undaunted ability to generate press from clever, edgy marketing campaigns, Pizza Patrón’s latest endeavor was to name a pizza, La Chingona. While…more

| Communications & Media Law, Constitutional Law

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