Business Advisory Group to Host “FIGHTS BETWEEN PARTNERS – Heading Them Off at the Pass” Seminar June 7, 2016

May 6, 2016

The Business Advisory Group is pleased to host “FIGHTS BETWEEN PARTNERS – Heading Them Off at the Pass” seminar on Tuesday, June 7, 2016 from 8:00-10:00 am. The seminar will be held 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 by calling 215.661.0400.

Tolstoy once wrote that “happy families are all alike; every unhappy family is unhappy in its own way.” The same can be said for closely held businesses and partnerships where disputes can arise between partners in various forms such as “deadlocks” and “squeeze outs.” The survival of the business, however, is perilously tied to resolving those disputes and preserving personal relationships. With some reference to applicable statutes and case law, this seminar will focus on ways to avoid such disputes, for example, with the use of buy-sell agreements and valuation agreements. We will also discuss what to expect when litigation is inevitable in a judicial proceeding, or through an alternative forum such as mediation or arbitration.

The seminar will be presented by Mark F. Himsworth, Esq. Mark has been handling commercial litigation matters for over 20 years. A considerable amount of his practice is related to business disputes, including cases involving covenants not to compete, interference with contractual relations, unfair competition, misappropriation of trade secrets, commercial defamation, and partnership and shareholder disputes.

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

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 »

“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 »

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 »