The RI Department of Business Regulations (DBR) will hold a public hearing tomorrow (August 16, 2016) at 10 a.m. on its proposed regulations for the state’s Industrial Hemp Agricultural Pilot Program (Hemp Regulations). The hearing will be held at the Department of...
PLDO Law Blog
Business |
Overcoming Obstacles to Success
If you are like me, you are always seeking tips on how to overcome challenges. When accelerating progress in your business and professional life, though, you want to avoid reinventing the wheel. We all know that entrepreneurs have vision; however, what sets them apart...
Insuring Accounts Receivable: A Quick Primer
What do you do when your largest customer goes bankrupt? Panic? Probably. But, once the immediate panic subsides, some smart business owners call their insurance company and put in a claim under their "accounts receivable insurance" policy. Accounts receivable and...
Weddings are (Still) not an “Agricultural Operation”
The Rhode Island Supreme Court recently had the opportunity to review a 2014 amendment to the Right to Farm Act (the "RFA") in The Gerald P. Zarrella Trust et al. v. Town of Exeter et al., SU #2016-301-A. In that matter, the plaintiff sought a declaration that RFA, as...
THE TREES CAN STAY (FOR NOW) – A LESSON ON WRIT OF MANDAMUS
In a recently published opinion, the Rhode Island Supreme Court addressed when it is and is not appropriate for the court to grant the issuance of a writ of mandamus. A writ of mandamus is used to compel the performance of an act by a public officer. In the case...
DIRECTED TRUSTS PROVIDE FLEXIBILITY FOR THE CLOSELY-HELD BUSINESS OWNER
In July 2021, Florida adopted the new Florida Uniform Directed Trust Act (“FUDTA”). Modern directed trusts are one of the best vehicles to provide intergenerational wealth preservation and flexibility. Historically, all the functions of a trustee have been handled by...
NUTS & BOLTS OF A ROLL-UP STRATEGY IN BUSINESS ACQUISITIONS
In a roll-up strategy, the buyer—usually a private equity fund—identifies a highly fragmented industry, which is a situation where multiple companies compete, and there is no single or small group of companies that dominates that specific industry. Subsequently, the...
THE SAFE BANKING ACT: WILL 2022 OPEN THE DOOR FOR CANNABIS BUSINESSES TO ACCESS COMMERCIAL BANKING?
Lawful cannabis businesses in the United States have historically and predominately relied on private funding to establish and prop up their operations until they can sustain themselves as revenue-driven enterprises. This is because cannabis remains illegal under...
WITHHOLDING THAT EMPLOYEE BONUS CAN BE COSTLY
The law regarding an employer’s obligation to pay contractual bonus amounts received significant clarification in a recent Rhode Island case. Why this is important is that Wage Act violations are subject to mandatory double damages plus attorneys’ fees, and can even...