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Perkins Olson Works to Develop New Scallop Aquaculture Venture

Dave Perkins is representing an innovative aquaculture venture called Maine Scallop Company, LLC. Maine Scallop Company is the first company in the United States to use a Japanese sea scallop growing method on its aquaculture farm. The company grows scallops using a technique known as “ear-hanging.” The scallops are hung vertically on individual ropes. Because … Continued

CAN THE IRS TAKE MY IRA IN BANKRUPTCY?

In asset protection planning and bankruptcy practice people take the protection of retirement accounts for granted.  They are well protected from the claims of most bankruptcy trustees and creditors by state and federal exemption law, but there is one creditor from whom state and bankruptcy code exemptions provide no protection—the Internal Revenue Service. How is … Continued

Maine Superior Court Rejects Effort by Judgment Creditors to Impose Member’s debt on the Assets of their LLC

On March 6, 2017, the Superior Court issued summary judgment finding that a judgment creditor’s sole remedy against a judgment debtor’s interests in a limited liability company (LLC) is to obtain a charging order against the debtor’s membership interests in the LLC.  Importantly, the Court found that the judgment creditor cannot impose the debtor’s liabilities … Continued

Purchase of Alfred Waterboro Veterinary Hospital

Richard Olson represented Dr. Magda Rosol, DVM in the acquisition of the Alfred Waterboro Veterinary Hospital.  Dr. Jim Stepenson of Simmons Northeast brokered the deal and Pacific Continental provided financing for acquisition of the practice and the real estate.   Perkins Olson provided counsel in all aspect of the acquisition. This will bring a new energy and … Continued

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