Perhaps no greater transformative change has occurred in workplace communications than with the advent and use of social media. The burden falls to employers to stay informed and up-to-date on current trends regarding social media issues for their businesses and their...
PLDO Law Blog
Month: February 2014
Water Utility Best Practices Guide to Better Manage Claims and Avoid Legal Issues
It's nearly impossible to control the damages to the environment and water systems that can be caused by natural disasters like Hurricane Katrina, Tropical Storm Sandy or the flooding that occurred in the State of Colorado last year. Infrastructure failures may also...
Preparing to Package Companies for Outside Investors
Every day, business owners work to keep their competitive edge in the marketplace. Some companies develop marketing campaigns to influence consumers' behavior to buy their product or service, while others look to their R&D staff for new inventions or cutting-edge...
HOW LIFE INSURANCE PROCEEDS COULD AFFECT A COMPANY’S VALUATION FOR ESTATE TAX PURPOSES
A recent case brought to light the impact that a stock-purchase agreement and life insurance proceeds may – or may not - have on the valuation of a closely held company for estate tax purposes. In this case that caused a split between the 8th and 11th Circuits, the...
HASTE MAKES WASTE . . . CASH THE CHECK.
One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...
ATTENTION SNOWBIRDS: DO YOU PASS THE DOMICILE TEST?
“A person doesn't know how much he has to be thankful for until he has to pay taxes on it.” This anonymous quote is timely. It is rumored that the Rhode Island Division of Taxation (“the Division”) is reviewing its procedures for determining whether a Rhode Islander...
HOW CLOSELY HELD BUSINESSES CAN PREVENT MANAGEMENT DEADLOCKS
Differences in opinion on how to achieve a stated goal in a closely held business can lead to disputes that block the enterprise from moving forward. Closely held businesses are characterized by a limited number of shareholders and a lack of public trading. The...
WHY ESTATE PLANNING FOR BUSINESSES IS CRITICAL (NOT OPTIONAL)
Owning your own business can be extremely demanding. From your customers to your employees, there’s hardly enough time in the day. While most entrepreneurs are consumed by the day-to-day challenges of running their businesses, they often neglect the critical task of...
