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Today in History, May 11, 2021


Today’s Highlight in History:
On May 11, 1935, the Rural Electrification Administration was created as one of President Franklin D. Roosevelt’s New Deal programs.
On this date:
In 1858, Minnesota became the 32nd state of the Union.
In 1943, during World War II, U.S. forces landed on the Aleutian island of Attu, which was held by the Japanese; the Americans took the island 19 days later.
In 1946, the first CARE packages, sent by a consortium of American charities to provide relief to the hungry of postwar Europe, arrived at Le Havre, France.
In 1947, the B.F. Goodrich Co. of Akron, Ohio, announced the development of a tubeless tire. ....

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This Day in History — May 11

This Day in History — May 11
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.

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Purchasing an Ohio Business: Traps for the Unwary | Buckingham, Doolittle & Burroughs, LLC


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Most business acquisitions are structured as purchases of assets in order to insulate the buyer from exposure to the liabilities of the seller. While that is generally an effective strategy, there are exceptions and nuances that are explored in this article relative to the purchase of a business located in the State of Ohio.[2]
Sales Tax
Ohio, like most States, imposes a sales tax, with certain exceptions, upon retail sales made in this State.[3] Although it is the buyer of an item subject to sales tax that is obligated to pay the tax, it is the seller, assuming that it has nexus with Ohio, that must collect the tax on the sale and remit it to the State.[4] The Ohio sales tax rate is 5.75%, and the Counties on behalf of themselves and other governmental organizations, can add additional so-called piggy back taxes increasing the tax rate.[5] The piggy back sales tax rate in Cuyahoga County, for example, is 2.7 ....

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Meacham: Lessons from Wiley Post

Wiley Post was a man of curiosity and adventure born into a working family of cotton farmers who bounced around Texas and Oklahoma, finally settling near Maysville, Oklahoma.
How many times do you hear this about inventors Wiley Post did not like school. He did favor mechanical things. According to accounts he saved up to buy one of the first bicycles in the county, he studied “newly arrived sewing machines,” and he disassembled and reassembled farming machinery in the field.
Before he was in his teens, Post went to work as a traveling repair man. He saw his first airplane in flight, a Curtiss biplane (often called a Curtiss Pusher as its engine and propeller were behind the pilot’s seat), at a county fair. He was
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