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 [...]
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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 [...]
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 [...]
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 [...]
Many industries develop their own “ecosystems” within which member firms develop essential links with each other. Sometimes these bonds are so critical that their absence would compromise the [...]
The IRS has announced that the Offshore Voluntary Disclosure Program (ODVP) will end September 28, 2018. This marks the close of an opportunity for taxpayers who have previously not disclosed [...]
Effective May 14, 2018, the rules implementing the Bayh-Dole Act (specifically, 37 CFR § 401 and 404) were changed in some important ways that impact patent protection of federally-funded [...]
With data privacy firmly in the public consciousness and calls for regulation made daily, inquiries into the data practices of an acquisition target, especially regarding personally identifiable [...]
Currently, written instruments controlled by Pennsylvania law have had two different statutes of limitation. Most written contracts must be enforced within a four-year statute of limitations. [...]
