Blogs

Business and Financial Services

Trump Signs Law: U.S. Workers Get Expanded FMLA Leave and Paid Sick Leave

Yesterday, the Families First Coronavirus Response Act (the “Act”) became law when President Donald Trump signed it. The Act will provide significant relief to a wide swath of workers across the country, in response to the COVID-19 public health emergency. In particular, the Act provides millions of U.S. workers with up to twelve weeks of FMLA leave (the “FMLA Expansion Act”), with most of it paid, and as much as two weeks of paid sick leave (the “Paid Sick Leave Act”) for personal or family…

March 19, 2020

Business and Financial Services

House Amendments to Families First Coronavirus Act – Mixed Bag for Employee Leave Benefits

The U.S. House of Representatives passed the Families First Coronavirus Response Act (the “Act”) with bi-partisan support in the wee hours of the morning on Friday, March 14, 2020. The Act provided for expanded FMLA benefits (the “FMLA Expansion Act”), for reasons related to government quarantine orders, employee exposure to the coronavirus, and care of family members who are affected by the coronavirus or resulting school or daycare closures. The Act also provided both full- and part-time…

March 18, 2020

Business and Financial Services

Families First Coronavirus Response Act

Early on Saturday (March 14, 2020) morning, the U.S. House of Representatives passed legislation it dubbed the Families First Coronavirus Response Act (the “Act”), designed to provide significant relief to a wide swath of workers across the country, in response to the COVID-19 public health emergency. Of particular note, the Act would provide the vast majority of U.S. workers with up to twelve weeks of FMLA leave (the “FMLA Expansion Act”) and as much as two weeks of paid sick leave (the “Paid…

March 16, 2020

Business and Financial Services

Ownership Interests in an LLC – The Options are Endless!

Limited liability companies are entities chartered by the states, that are governed by a contract – typically called an Operating Agreement – among the owners. As a result, the members or owners of the LLC have great flexibility in creating the entity exactly like they want (purple unicorns!), but this can also result in important…

October 29, 2019

Business and Financial Services

Do You Really Need a Letter of Intent?

Letter of Intent, Term Sheet, Indication of Interest, and LOI – what do these all mean? These are actually different terms for fundamentally the same thing: a document that describes the terms of a future transaction. Each has a different style and has specific terms about the proposed transaction, and each can be helpful to…

September 18, 2019

Business and Financial Services

Deadlock Provisions in Agreements – Say No to the Rochambeau Method

For LLCs or Corporations with a small number of members or shareholders, and with relatively equal ownership and management, a provision to deal with a deadlock is critical. This type of provision is typically located in the LLC Operating Agreement or a Shareholder Agreement, but could be a separate agreement among the Members or Shareholders. Without this provision, or a way to break a deadlock or tie, the parties could be trapped into the entity, without a way to conduct business. Deadlocks…

September 17, 2019

Business and Financial Services

A Beginner’s Guide to Equity – Part Three: What Equity Will Not Do

Raighne Delaney concludes his series on Equity. In part three, he shares insights into what equity will not do.

August 5, 2019

Business and Financial Services

A Beginner’s Guide to Equity – Part Two: What Equity Can Do

Raighne Delaney continues his series on Equity. In part two, he shares insights into the substance of equity – what equity can do.

July 26, 2019

Business and Financial Services

A Beginner’s Guide to Equity – Part One: Procedure

Raighne Delaney shares his insights into “What is Equity” – it’s history, procedure within the law, and who it applies to.

July 18, 2019

Business and Financial Services

Timing IS Everything When Investing in Qualified Opportunity Funds

We have now received our second round of regulations interpreting Section 1400z-2, also known as the investment in Opportunity Zones section of the Internal Revenue Code. In our previous posts, we have provided background and tracked important developments with the program. Now and in future posts, we will highlight finer points that stakeholders should be…

June 10, 2019