Events/News

What is an Emergency Management Transition Plan?
Businesses and their owners often have a number of different kinds of written plans, including budgets, project or product plans, strategic business plans, estate plans, personal financial plans, insurance plans and disaster recovery plans relating to recovery from fires, floods and other natural and man-made disasters. However, most owners do not have a written emergency… Read more »
The Danger of Independent Contractor Misclassification Grows
We have consistently warned our clients of the dangers of misclassifying employees as independent contractors. Employers who improperly classify workers as independent contractors rather than employees face the risk of penalties imposed by the IRS or the State for the failure to withhold payroll taxes, fines for failure to provide worker’s compensation insurance premiums, retroactive… Read more »
Employers Beware: Overtime Pay is About to Become Costlier
We have been counseling our business clients for many years to be mindful of how they classify their employees as either exempt or non-exempt under the Fair Labor Standards Act (FLSA). That guidance is about to become even more important following President Obama’s proposed changes to the regulations that dictate which employees are entitled to… Read more »
Business Advisory Group to Hold Disability Claims and Medical Leave Seminar – Thursday, May 7, 2015
The Business Advisory Group will host “Managing Disability Claims and Medical Leave: A legal and practical seminar for the small business owner and human resources professional” on Thursday, May 7, 2015 from 8:00 – 10:00 am. To RSVP for this free seminar, please email Joan Wean (JWean@HRMML.com) or call 215.661.0400. Continental breakfast will be available. The… 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

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 push the buyer to produce… 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 »