Although often styled as non-binding, certain terms contained in a letter of intent (LOI) are intended to be legally binding. Problems can arise if the parties do not give proper focus to the [...]
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On June 21, 2018, the United States Supreme Court decided in South Dakota v. Wayfair, Inc. that South Dakota is permitted to collect sales tax from online retailers who sell in the state and have [...]
A well drafted non-disclosure agreement is crucial during a competitive bid process, during which the selling entity may share proprietary information with prospective purchasers, including [...]
Agreements made under seal in Pennsylvania are subject to a 20-year statute of limitations, which means that the party enforcing its agreement has up to 20 years from the date the agreement is [...]
Buyers expect target companies to have a “normal” level of net working capital (Receivables + Inventory + Prepaids – Payables) upon closing a business acquisition. Many times, we find privately [...]
Is more than 10% of your company equity held by foreign investors? If so, you likely need to file the BE-12 by June 30th. Every five years, the Bureau of Economic Analysis (a Bureau of the US [...]
Chris Brodman, longtime adviser to Ron Croushore, owner and CEO of Berkshire Hathaway Home Services The Preferred Realty (“Preferred Realty”), was chief negotiator and lead counsel for Mr. [...]
Prior to the Tax Cuts and Jobs Act (“TCJA”), it was not clear whether “back-door” Roth IRA conversions were permitted. The TCJA was signed into law on December 22, 2017. Language in the [...]
Metz Lewis Brodman Must O’Keefe LLC is happy to announce the promotions of Jessica Hauth Mozingo and Timothy Kravetz to Member. Jessica Hauth Mozingo is an intellectual property attorney and [...]
The Tax Cuts and Jobs Act of 2017 increased the lifetime gift and estate exclusion to about $11.2 million per person (twice this for married couples who plan correctly) from the previous limit of [...]
