Events/News

  • Selling Your Business: Resolve Major Issues Early In The Process

    by Andrew P. Grau, Esquire The letter of intent often kicks the can down the road with respect to key terms that will be negotiated in the formal purchase agreement. Frequently, the parties do not realize there are major points of disagreement until the first agreement draft is circulated. For this reason, the seller should… Read more »

  • Investments In Qualified Opportunity Zones Can Provide Significant Tax Benefits

    by Jonathan Samel, Esquire The Federal Tax Cuts and Jobs Act (the “Act”), which became effective on January 1, 2018, created Qualified Opportunity Zones (QOZs) as a tool for promoting long-term investments in low-income communities. Through this program, investors are provided significant tax benefits for investing in businesses and in real estate located in QOZs. … Read more »

  • Binding Terms in Letters of Intent for Business Sales

    by Andrew P. Grau, Esq. When selling a business, a Letter of Intent (“LOI”) is often regarded as non-binding.  One may be inclined to sign the LOI without first obtaining a legal review, thinking that the document can always be broken later without consequence. However, the LOI may contain certain important terms that are binding,… Read more »

  • Non-Compete Covenants in Pennsylvania

    by Robert Sebia, Esq. Pursuant to Pennsylvania law, restrictive non-compete covenants are enforceable only if they are: (1) ancillary to an employment relationship between an employee and an employer; (2) supported by adequate consideration; (3) the restrictions are reasonably limited in duration and geographic extent; and (4) the restrictions are designed to protect the legitimate… Read more »

  • Business Advisory Group Hosts “Dealing with Disaster: Emergency Management Planning and Estate Administration for Business Owners” February 22, 2018

    The Business Advisory Group will host “Dealing with Disaster: Emergency Management Planning and Estate Administration for Business Owners” on Thursday, Feb. 22, 2018 from 8:00-10:00 am at the offices of Hamburg, Rubin, Mullin, Maxwell & Lupin (375 Morris Road, Lansdale, PA). Continental breakfast will be available. To RSVP, please contact Joan Wean at JWean@HRMML.com or… Read more »

  • Driverless Vehicles Driving Change in Real Estate

    By John Iannozzi, Esq. and Joseph Talarico, Law Clerk Five years ago, autonomous vehicles were merely a concept from some futuristic sci-fi film; however, today, driverless vehicles are already being tested on roads and companies are ready to implement driverless technology on a large scale. This innovation will not only impact the auto industry, but… Read more »

  • How Much is Too Much? [FMLA and More]

    by Ethan R. O’Shea, Esq. I often receive inquiries from employers asking whether they have to allow an employee to take unpaid medical leave after the employee’s sick time is exhausted, or after the employee’s Family Medical Leave Act (FMLA) leave expires. Often there is no clear cut answer. The federal courts, most notably the… Read more »

  • “Framework” For Proposed Federal Tax Law Changes is Released

    By Jonathan Samel, Esq. On September 27, 2017, the Trump Administration and select members of Congress released a “unified framework” for tax reform. This document provides more detail than a number of other tax reform documents that have come from the Administration over the past few months, but it still leaves many specifics to be… Read more »

  • An Accountant’s Liability or a Client’s Loans, What?

    By Mark F. Himsworth, Esq. Does an accountant who prepares financial statements for a client’s use in obtaining a loan have exposure to the lender when the client subsequently becomes incapable of repaying the loan? Even when the accountant has no direct relationship with the lender? This question was very recently addressed by the Pennsylvania… Read more »

  • Supreme Court Rules that Former Employees Have No Right to Review Their Personnel Files

    by Ethan R. O’Shea, Esq. On June 20, 2017, the Pennsylvania Supreme Court settled the issue once and for all as to whether former employees are entitled to review their personnel files after their discharge. They are not. Pennsylvania’s Personnel Files Act (“Act”) controls access to employee personnel files. In the case of Thomas Jefferson… Read more »

Questions Every Business Must Ask

Q. Has your business recently reviewed its legal structure to determine whether it is set up in the most advantageous manner for legal and tax purposes, considering recent developments and changes in the law?

Q. Do the owners of your business have a current, updated buy-sell agreement which controls how ownership interests in the business are to be transferred in the event of an owner’s death, disability or termination of employment?

Q. Have the owners of your business developed a succession plan to define how ownership and authority will transition upon the death or retirement of the present owners?

Latest News & Events

Selling Your Business: Resolve Major Issues Early In The Process

by Andrew P. Grau, Esquire The letter of intent often kicks the can down the road with respect to key terms that will be negotiated in the formal purchase agreement. Frequently, the parties do not realize there are major points of disagreement until the first agreement draft is circulated. For this reason, the seller should… Read more »

Investments In Qualified Opportunity Zones Can Provide Significant Tax Benefits

by Jonathan Samel, Esquire The Federal Tax Cuts and Jobs Act (the “Act”), which became effective on January 1, 2018, created Qualified Opportunity Zones (QOZs) as a tool for promoting long-term investments in low-income communities. Through this program, investors are provided significant tax benefits for investing in businesses and in real estate located in QOZs. … Read more »

Non-Compete Covenants in Pennsylvania

by Robert Sebia, Esq. Pursuant to Pennsylvania law, restrictive non-compete covenants are enforceable only if they are: (1) ancillary to an employment relationship between an employee and an employer; (2) supported by adequate consideration; (3) the restrictions are reasonably limited in duration and geographic extent; and (4) the restrictions are designed to protect the legitimate… Read more »