PLDO Law Blog

lessons learned for cybersecurity

Lessons from Cyber Breaches

by ceckert | July 6, 2018 | Cybersecurity |

Ten years ago, the mention of a cyber security breach was a rarity. Today, reports of breach incidents are almost commonplace. Every time a breach occurs in business the potential to cause significant harm and financial loss is mind-numbing. In addition, when the...

HOW LIFE INSURANCE PROCEEDS COULD AFFECT A COMPANY’S VALUATION FOR ESTATE TAX PURPOSES

by Leah A Foertsch | Nov 30, 2023

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.

by Gene M. Carlino | Nov 30, 2023

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?

by Bernard A. Jackvony | Nov 30, 2023

“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...

HOW CLOSELY HELD BUSINESSES CAN PREVENT MANAGEMENT DEADLOCKS

by Gary R. Pannone | Nov 13, 2023

Differences in opinion on how to achieve a stated goal in a closely held business can lead to disputes that block the enterprise from moving forward. Closely held businesses are characterized by a limited number of shareholders and a lack of public trading. The...

WHY ESTATE PLANNING FOR BUSINESSES IS CRITICAL (NOT OPTIONAL)

by David P. Craven, Esq. | Nov 13, 2023

Owning your own business can be extremely demanding. From your customers to your employees, there’s hardly enough time in the day. While most entrepreneurs are consumed by the day-to-day challenges of running their businesses, they often neglect the critical task of...