While the cliché, "You only get one chance to make a first impression," rings true in the social context, the phrase is also true in the business world where the stakes can be much higher. If you are applying for a bank loan, seeking capital from equity...
PLDO Law Blog
Pannone Lopes Devereaux West LLC
Considerations for Distressed Companies in a Down Economy
With the current state of the economy, some businesses have been more adversely affected than others. Typically, there are fewer options in financing debt for distressed companies. In his latest business advisory, PLDO Partner and business attorney Bill Miller,...
Social Media Issues in the Workplace: Key Risks and Trends
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...
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...
ONE RISK YOU SHOULDN’T TAKE IS NOT HAVING THE RIGHT LIFE INSURANCE
If you never return from your sailing trip around the globe or reemerge from the deep ocean depths on the submarine destined for the Titanic, will your family receive the death benefit proceeds from your life insurance policy? That answer, as well as the answer to...
HOW TO BUY ULTRA-DANGEROUS ASSETS
It’s never a good idea to buy an asset, like a boat or plane, in your own name or to have multiple parties on the title. First of all, when your name is on the title, you are personally liable for any damage that the asset may cause. For example, you and Joe own a...
SO, YOU WANT TO WRESTLE AN ALLIGATOR?
Before base jumping into the miasma of risk, the first thing you should do is make sure your estate plan, in its current iteration, meets your needs and has adapted to any challenging or changing family situation. A well-rounded estate plan is literally more of a life...
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...