PLDO Law Blog

Month: July 2020

Investment Structures in a Business Transaction

Investment Structures in a Business Transaction

The process of negotiating an investment opportunity is oftentimes intimidating for first time investors or entrepreneurs. The business jargon is confusing, while the terms and conditions vary for each investment. The non-equity investment terms will vary from lender...

Courts Start To Weigh In On COVID-19 Lawsuits

Courts Start To Weigh In On COVID-19 Lawsuits

PLDO recently issued an advisory about the forthcoming explosion of lawsuits arising out of the coronavirus pandemic. Specifically, the article addressed the legal concept of “force majeure” and predicted that many businesses will claim that the pandemic prevented...

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...