Representation and warranty insurance (“RWI”) has been around for some time. Historically, it was most commonly used in large transactions, often involving publicly traded companies. However, in recent years it has become much more common in smaller, private, “middle...
PLDO Law Blog
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RI Creates New Tax Credit for Small Business Investment Companies
The Rhode Island General Assembly recently created a new program designed to promote private funding for Rhode Island small businesses. The program creates a tax credit for Small Business Investment Companies (“SBIC”) that invest in eligible Rhode Island businesses....
New Deadlines Announced for Massachusetts Paid Family and Medical Leave Law
In 2018, Massachusetts passed a new law that provides workers with paid family and medical leave (the “PFML Law”). With limited exceptions, it applies to most Massachusetts employers, large and small, and includes both W-2 employees and some independent contractors...
Artificial Intelligence – What The Developing Landscape Means For Your Business
The Artificial Intelligence (“AI”) industry is rapidly emerging as one of the most interesting new advancements likely to impact a broad array of industries. AI is well beyond the nascent stages of development, and is quickly taking center stage as a gateway profit...
ESTATE PLANNING FOR THE BUSINESS. HOW TO PREPARE FOR THE DEATH OF A BUSINESS OWNER
In the final season of “Succession,” Logan Roy’s death creates a power vacuum within Waystar Royco, the fictional media conglomerate that Logan founded and acted as CEO of until his death. This raises a difficult question that many, if not all, business owners face:...
HOW A HOLOGRAPHIC WILL CAN LEAD TO LITIGATION
In season four of Succession, Logan Roy, the patriarch of the family and acting CEO of Waystar Royco, suddenly passes away amid a corporate merger. The majority ownership of the company was divided amongst the Roy Family, in what appears to be a series of highly...
I’VE WATCHED SUCCESSION – WHY ON EARTH WOULD I GIVE MY KIDS THAT LEVEL OF POWER?
Step into the “way back” machine when a younger media mogul, Logan Roy, was contemplating the succession of his empire and grooming his children by giving them management positions in the company. This is a common scenario in business, as well as estate planning....
HOW TO LEGALLY CHANGE OR REVOKE A WILL IN RHODE ISLAND
A last will and testament is a legal document that states your final wishes for your assets and estate. Commonly, the will you originally create will need to be amended or modified as life circumstances change. For example, births, marriages, divorces, and deaths...
WHAT IS A SUBCHAPTER V BANKRUPTCY PROCEEDING? WHY MORE BUSINESSES SHOULD CONSIDER FILING
On August 23, 2019, the Small Business Reorganization Act of 2019 (“SBRA”) was signed into law and became effective on February 19, 2020, which added Subchapter V to Chapter 11 of the United States Bankruptcy Code. Subchapter V is a relatively new and underused avenue...