In some cases, individuals may choose to trade their stock for other stock owned by a corporation or an individual. When this occurs, the individual may or may not be taxed on the exchange.

If the individual is acting as an individual taxpayer and not as a corporate employee, then the exchange will likely be taxable. However, there are a few exceptions. For instance, if the stock is exchanged for like stock of the same class and character, then the exchange will not be taxable, and any tax effects will be deferred. 

If you or anyone you know has questions about their stock exchanges, contact the Des Moiness business litigation attorneys of LaMarca & Landry, P.C., at 877-327-2600. 

Business owners in flood-damaged buildings can receive relief through a disaster recovery program. In such buildings, owners can receive six months of free rent. 

For business owners who moved from a flood-damaged building to a new building, they, however, cannot apply the funds to the new building.

At this point, according to reports, only $100,000 is available in the fund. Officials, though, said that the fund would likely be increased as more business owners apply. 

If you believe you are eligible to receive funds for your flood-damaged building, contact the Iowa real estate litigation lawyers of LaMarca & Landry at 877-327-2600.

The U.S. Environmental Protection Agency (EPA) will start taking samples in Evansville to test for lead contaminated soils. The testing will be part of a plan to cleanup 41-and-a-half-square-mile area in a Jacobsville neighborhood. 

The cleanup is being funded partly by federal stimulus money and is expected to be completed sometime in 2012. The potentially contaminated area will not only include housing but also a business district and new arena.

If your business has questions about environmental legal regulations, contact the Iowa business litigation attorneys of LaMarca & Landry, P.C., at 877-327-2600.