Article Originally Published: Winter 2002 The information contained in this article is not intended to be legal advice. Readers should not act or rely on this information without consulting an attorney. 529 Plans The ever-rising cost of a college education has led to the creation of college savings plans that […]
Few experiences are less pleasant than the discovery of wetlands on a newly-purchased property intended for development.
Business owners in the initial stages of litigation often ask whether they will be entitled to a reimbursement of their attorney fees if they prevail. This question is best asked at the time of contracting rather than left until disputes arise. The “American Rule,” generally applied to litigation, is that […]
Existing infrastructure, transportation convenience, availability of trained workers, and proximity to markets and materials are good reasons for commercial and manufacturing operations to be located in current industrialized contaminated areas (“brownfields”). Rebuilding in these areas saves valuable farmlands and green spaces around metropolitan areas. Some additional reasons to consider buying […]
1. “Disappearing” Working Capital. Care must be taken to insure that the seller does not deplete the working capital (e.g., cash, accounts receivable and/or inventory) of the business prior to closing which could result in a serious cash flow shortage following closing. Avoiding this pitfall requires certain understandings between buyer and […]
If your company manufactures products or buys and sells goods, a string of recent lawsuits suggests that you should take a close look at your sales and purchasing forms and procedures. Proper sales and purchasing documentation could potentially save your company thousands of dollars in unnecessary legal costs. Several lawsuits […]