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…
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…
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…
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…
On October 30, President Biden issued his Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, along with a companion Fact Sheet issued by the White House. The Executive Order establishes the federal government’s priorities with respect to Artificial…
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…
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,…
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…
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…
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…
Mergers & Acquisitions Partners Robert A. Greising and Amy L. VonDielingen discuss a continuation of our 2023 Deal Landscape focusing on Sellers, Financing and Earnouts.
It is not too early for individuals and families to start preparing for reductions to the Federal gift and estate tax exemption equivalent (“FET Exemption”) that become effective on January 1, 2026.
The FET Exemption has increased through annual inflation adjustment, as well as an effective…
