Pre-emptive rights (or rights of first refusal) protect preferred stockholders against dilution from subsequent equity sales by a venture capital- or private equity-backed company. Such a right [...]
The Pennsylvania Supreme Court has upheld a 2015 City of Pittsburgh Ordinance requiring employers to provide paid sick leave to employees within the City of Pittsburgh. The Ordinance provides [...]
What is estate administration? An estate administration is the process of winding up a decedent’s affairs. On a basic level, that entails gathering the decedent’s assets, satisfying the [...]
While standardized contracts exist, these forms oftentimes may not be used or might be modified or added to without considering the impact of the change on the rest of the contract documents. [...]
Don’t Hit Send: Corporations Can Easily Waive the Attorney-Client Privilege in the Digital Age
In Risk Mitigation PostedThe Pennsylvania Supreme Court recently issued a decision that highlights just how vigilant corporations must be to ensure their communications with outside counsel are protected by the [...]
Pennsylvania taxpayers have for many years been able to give money to a qualifying charity and get a credit against state income taxes for at least 75% of the gift under the Pennsylvania [...]
Wayfair Guidance Reminds Remote Sellers of New Economic Nexus Standard Beginning July 1, 2019
In Tax and Estate Planning PostedThe Pennsylvania Department of Revenue reminds that all marketplace facilitators and online sellers meeting Pennsylvania’s economic presence threshold (i.e., Pennsylvania annual gross sales of [...]
Some of the types of preferred stock discussed in “Preferred Stock Demystified” – my previous series of blog posts on this topic – are convertible into shares of common stock. For example, a [...]
The Supreme Court recently held that a trademark licensor cannot rescind a trademark license by rejection in bankruptcy. A trademark license conveys rights to the licensee, such as rights to use [...]
With the passage of the 2017 Tax Act, the Federal Estate and Gift Tax Exemption was increased to $11.4 million per person or $22.8 million per married couple for 2019. The exemptions are set to [...]
