Business
Posted by:
Micah J. Nichols and Kendall A. Schnurpel
on June 25, 2024
On June 6, 2024, the U.S. Supreme Court unanimously affirmed the Eighth Circuit’s ruling that a closely held corporation’s contractual obligation to redeem shares is not a liability that reduces a corporation’s value for purposes of the federal estate tax. With the Court’s recent decision in …
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Posted by:
Scott S. Morrisson, Elizabeth M. Roberson, and Chloe N. Craft
on April 25, 2024
On April 23, 2024, the Federal Trade Commission (FTC) announced its final rule banning virtually all employee non-compete agreements nationwide in approximately 120 days. The FTC initially issued its proposed rule in January 2023. The FTC thereafter received and considered over 26,000 comments to…
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Posted by:
Shelley M. Jackson, Virginia A. Talley, and Chloe N. Craft
on April 25, 2024
On April 23, 2024, the U.S. Department of Labor (DOL) released a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which increases the salary and compensation thresholds necessary to qualify for certain overtime…
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Posted by:
Brian M. Heaton and Maria Vladimirova Geltz
on April 23, 2024
On March 13, 2024, Governor Eric Holcomb signed Senate Enrolled Act 9 (“SEA 9”) into law, requiring advance reporting for certain mergers and acquisitions involving Indiana health care entities. Indiana joins a number of other states with similar reporting requirements, although the drafting of SEA…
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Posted by:
Robert A. Greising, Travis D. Lovett, and Jacob W. O'Donnell
on March 6, 2024
The Corporate Transparency Act (“CTA”) has been ruled unconstitutional by the U.S. District Court for the Northern District of Alabama (“Court”) in an opinion issued on March 1, 2024. This ruling raises uncertainty for the approximate 32.6 million businesses that are subject to the CTA.
Background…
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Posted by:
Travis D. Lovett and Charles O. Richert
on February 23, 2024
Artificial Intelligence (AI) continues to grow apace despite deal activity dropping overall in 2023 in response to economic and market instability brought on by a combination of high interest rates, inflation volatility, and geopolitical tension. AI can provide innovative improvements to the M&A…
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Posted by:
Robert A. Greising, Travis D. Lovett, and George C. Lepeniotis
on October 24, 2023
The deadline to comply with the Corporate Transparency Act (CTA), a new law that aims to combat illegal activity typically organized and run by nefarious entities, is fast approaching. Many corporations, LLCs, and other business entities that are privately held or family-owned will likely be…
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Posted by:
George C. Lepeniotis and Alex C. Bowman
on September 27, 2023
Supply agreements govern the relationships between suppliers and customers regarding the exchange of goods and services and serve as a key component of success for many businesses. Whether you are a seasoned procurement professional or a business owner just starting out, understanding the concepts,…
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Posted by:
Robert A. Greising and Travis D. Lovett
on August 31, 2023
Starting January 1, 2024, most small privately held businesses will be required, pursuant to the Corporate Transparency Act (“CTA”), to report information to the federal government about their owners and individuals that exercise control over the company and to disclose those involved in forming or…
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Posted by:
Maria Vladimirova Geltz
on July 20, 2023
No one wants an unwelcomed surprise of discovering that the subchapter S election or qualified subchapter S subsidiary (QSub) election made on behalf of your corporation either inadvertently failed at the time of filing or was later inadvertently terminated. This discovery will often come at…
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Posted by:
Robert A. Greising and Travis D. Lovett
on July 18, 2023
Ideally, sellers of a business will never have to worry about covering a financing shortfall to get their deal closed. However, with the increase in interest rates over the last few years, structural issues with requirements of the primary lending source and the overall tightening of capital…
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