Federal law mandates that most tax-exempt organizations file annual returns with the Internal Revenue Service (IRS). Following the enactment of the Pension Protection Act of 2006, and commencing in the 2007 tax year, tax-exempt organizations which fail to file...
PLDO Law Blog
Pannone Lopes Devereaux OGara LLC
Navigating Business Basics for Entrepreneurs
Entrepreneurs are energized with the idea of creating a new business. Those who take the plunge cite the flexibility of time, being their own boss, and having a greater sense of accomplishment as the top three reasons for making the career choice, according to a...
Even Successful Companies Should Keep their Options Open
Perhaps the current economy can best be described as slowly recovering. Economic cycles will always have peaks and valleys. During down times in the cycle, some companies will feel the stress more than others. Those that do maintain their vitality will do so through...
Options and Opportunities: A Summary Report for Managing Organics to Energy Technologies in Project Development
A comprehensive overview of national trends, legal issues and policy changes regarding the transformative shift occurring in the solid waste management industry banning commercial organics from landfills, is now accessible by logging on here. The publication describes...
ARTIFICIAL INTELLIGENCE IN THE HIRING PROCESS: EMPLOYERS BEWARE
The rapid rise of Artificial Intelligence (AI) in the workplace is outpacing our ability to keep up with it. For example, companies are struggling whether and how to allow employees to use ChatGPT at work given the numerous privacy and security risks posed by this new...
FLORIDA CANNABIS LAWS UPDATE
While Florida Governor Ron DeSantis has made clear his opposition to legalizing recreational cannabis use in Florida, trends certainly seem like they are going in that direction. For example, in April, the state doubled the number of licenses available to cultivators...
COMPREHENSIVE CHANGES TO LAND USE AND ZONING LAWS
As part of the 2023 legislative session, the Rhode Island General Assembly passed numerous laws, all with varying degrees of impact on zoning and land use issues. One such bill changes the standard by which municipal zoning boards judge applications for a dimensional...
IRS TARGETS MONETIZED INSTALLMENT SALES IN PROPOSED REGULATIONS
IRS Commissioner Werfel has continued the theme from the Dirty Dozen list published in early 2023 to promulgate regulations regarding monetized installment sales. This particular brand of transaction has been marketed to high income individuals with the promise of a...
KEYS TO THE KINGDOM: BALANCING MERIT VS. INHERIT MODELS IN THE FAMILY BUSINESS
A recent article published by Harvard Business Review outlines the importance of distinguishing between merit compensation and inheritance.1Â In most family businesses, the second generation inherit positions and compensation, which is usually a formula for disaster....
