Blogs > Biz Law Blog


May 13, 2021

Twelve Tips When Preparing to Sell a Family-Owned Business

Whether you started the business yourself or are “next generation,” selling a family-owned business is usually an experience that can bring both excitement and anxiety. Here are 12 tips to help you focus on the exciting parts:

Twelve Tips in Preparation

  1. Before you go to market, do a preliminary valuation analysis.
» Read More

Jan 15, 2021

A Cautionary Tale of Over-Designating Documents: New Guidance From the District of New Jersey

An important consideration during discovery in any complex litigation is ensuring documents designated as “confidential” under a governing Discovery Confidentiality Order actually meet governing law and the Order’s definition of “confidential.” Last week, the District of New Jersey issued a decision that serves to remind both counsel and litigants that a party cannot use a Discovery Confidentiality Order to shield routine business communications, even if they are harmful, uncomfortable, or embarrassing.» Read More

Apr 03, 2020

Inside the CARES Act: COVID-19 Impact Upon Retirement Plans/Accounts

At 880 pages, the Coronavirus Aid, Relief, and Economic Security (CARES) Act covers a lot of ground, offering COVID-19 relief and benefits to a broad swath of the population. Among its significant provisions are those related to workers’ retirement funds. Specifically, the CARES Act makes employee-favorable changes to existing law regarding:

  1. Early Withdrawals;
  2. Loans; and
  3. Required Mandatory Distributions (RMDs)

While a detailed analysis of prior law and all changes made by virtue of the CARES Act is beyond the scope of this blog post, in general terms, the prior guidance and the newly enacted changes are summarized below.» Read More

Mar 24, 2020

First U.S. Business Files Suit Against Insurance Carrier for Losses Resulting From Coronavirus (COVID-19)

On Monday, March 16, 2020, a prominent New Orleans restaurant became the first business nationwide to file suit against an insurance carrier for losses sustained as a result of the novel coronavirus (“COVID-19”). In Cajun Conti, LLC et al. v. Certain Underwriters at Lloyd’s of London, et al.» Read More

Dec 11, 2019

Corporations and LLCs: New Federal Beneficial Ownership Disclosure Requires Reporting to FinCEN

On October 22, 2019, the House of Representatives passed the Corporate Transparency Act of 2019 which requires the U.S. Department of the Treasury within one year to issue regulations to “carry out this Act.”

The Act requires each newly formed corporation and each newly formed limited liability company, unless specifically exempt, to file a report with the Financial Crimes Enforcement Network (“FinCEN”) disclosing the beneficial owners of those entities.» Read More

Sep 21, 2018

Non-Disclosure Agreements

Whether you are selling your business, bringing on an investor, hiring an outsourcing provider, or making some other commercial arrangement, you must think about protecting your business’ confidential information. One way to do this is with a non-disclosure agreement (NDA). Before you speak with someone outside of your company about a possible business relationship, having them sign an NDA will help prevent them from disclosing or using your information, while also permitting you to speak freely with them.» Read More

Sep 04, 2018

To Do Due Diligence: It’s Not Just for Mergers & Acquisitions

Legal due diligence is most often discussed in the context of merger and acquisition transactions.  This makes sense; when a person or business seeks to purchase another business entity, it is prudent to know exactly what is being purchased.  However, due diligence is often overlooked in other, less obvious, contexts.» Read More

Feb 11, 2014

The Pennsylvania Tax Increment Financing Act: An Analysis

Pennsylvania’s Tax Increment Financing Act (the “TIF Act”), 53 P.S. §6930.1 et seq., has recently generated some local controversy, prompting discussions to clarify misconceptions and to reexamine the law’s scope and purpose. Enacted in 1990, the TIF Act provides local municipalities with a tool to combat blight while simultaneously promoting economic development where a municipality does not have other available financial resources.» Read More