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Adopting a Form for Your Socially Responsible For Profit Enterprise
My heart inevitably sinks when a client asks the ever popular question “What form of legal entity would be best for my for-profit enterprise?” The entrepreneur’s excitement is contagious but answering...
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Do Delaware LLC Managers Have Fiduciary Duties? Maybe.
Just when minority owners of Delaware LLCs thought that the Delaware Limited Liability Company Act (the “Act”) protected them from overreaching managers, along comes the Delaware Supreme Court to say...
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The Planning Commission: Development's Front Line
By: Donald B. Veix, Esq., Chair, Plumstead Township Planning Commission, Partner at Antheil Maslow & MacMinn, LLPPlumstead Township’s paid administrative staff, professionals and governing body,...
View ArticleEnforcing Restrictions Against Competition in Bucks County
Restrictions against competition are frequently included in employment agreements and agreements for the sale of business assets or stock. The restriction against competition is designed to secure a...
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Simple Subpoenas 1.0
Why does it seem to take so long to solve simple problems? For years litigators have had to resort to the use of the cumbersome and needlessly expensive procedures to compel the attendance of a...
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Adopting a Form for Your Socially Responsible For Profit Enterprise
My heart inevitably sinks when a client asks the ever popular question “What form of legal entity would be best for my for-profit enterprise?” The entrepreneur’s excitement is contagious but answering...
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Rules Applicable to Summer Internships
With summer just around the corner, employers are inundated with requests by students for summer internships. If your company offers such opportunities, taking a few moments to review the applicable...
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The Perils of Equity-Based Compensation
Employers frequently want to attract new, super-talented management to an existing Company, or potentially worse, have already promised to give one or more trusted and loyal current employees equity as...
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Good News for Pennsylvania Home Improvement Contractors
Four years ago, the Home Improvement Consumer Protection Act (HICPA) went into effect, forcing home improvement contractors to register with the Commonwealth and to comply with various contracting...
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Sealed with a ....... 20 Year Statute of Limitations
From time to time, a client asks about when and why a corporate seal is necessary. Even some attorneys (particularly from out of state) question during contract negotiations whether the phrase...
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GOOD FAITH FOUND HERE
Those of us routinely asked to draft or review letters of intent (LOI), memorandum of understanding (MOU) and initial term sheets have a new challenge. The use of conventional text clearly stating...
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But He Asked Me First!
By William T. MacMinn, Esquire Reprinted with permission from August 13, 2013 issue of The Legal Intelligencer. (c)2013 ALM Media Propeties. Further duplication without permission is prohibited. But He...
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A Cautionary Tale for Commercial Lenders: Beware of Term Sheet & Commitment...
Commercial lenders were left shuddering in the wake of a September 6, 2013 Pennsylvania Superior Court decision that affirmed a $3.6 million Bucks County jury verdict in favor of a local developer...
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NO SEVERING OF SEVERANCE PAY FROM FICA
The U.S. Supreme Court finally rendered its decision in U.S. v. Quality Stores, Inc., 572 U.S. ____ (2014), on March 25, 2014, in a closely watched tax case. The Supreme Court reversed the Sixth...
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TITLE INSURANCE:WHO NEEDS IT? WHAT IS IT?
“Title Insurance is an agreement whereby the insurer, for a valuable consideration, agrees to indemnify the insured in a specified amount against loss through defects of title to real estate wherein...
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Look Before You Leap Into That Business Relationship
Business divorce, just like traditional matrimonial divorce, can occur for many reasons. Many times, business divorce is occasioned by underperformance and the need to separate an underperforming...
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Best Practices: Background Checks for Nonprofit Board, Staff and Volunteers
Reprinted by permission of Catlyst Center for Nonprofit Management. Further duplication without permission is prohibited. Childhood victimization and other abuses of our most vulnerable citizens...
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Restrictive Covenants: A Cautionary Tale
A recurring issue employers must address is the enforceability of restrictive covenants entered into with an employee. These restrictive covenants are typically non-disclosure (confidentiality),...
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So The Business You Bought Is Not What You Thought… Now What?
My wife doesn’t eat fish. Chicken is the staple of the diet in our house. Despite careful consideration, sometimes she gets tricked into consuming what looks like a tasty morsel only to be...
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Recent Amendments to POA Law Have Unexpected Impact on Commercial Lenders
Commercial lenders in Pennsylvania await action by the legislature to fix what appears to be an unintended byproduct of recent amendments to the Pennsylvania Probate, Estate and Fiduciaries (PEF) Code...
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