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Kentucky mines to be sold as part of bankruptcy proceedings
Bankruptcy often has a significant impact on the way a business operates. This makes sense, given that businesses going through the bankruptcy process have to figure out a way to make themselves viable after the process is complete. Oftentimes, part of what has to happen for a business to remain viable going forward after a bankruptcy is to sell off assets and portions of the business. More >
Due diligence critical in working up to merger/acquisition agreement
We’ve been speaking in recent posts about the merger review process, as well as a recent proposal to streamline that process. As these posts have made clear—at least in the context of dealing with federal regulators—mergers and acquisitions require a lot of planning, a lot of coordination, and a lot of work. More >
Making the merger review process more efficient, P.2
In our previous post, we began speaking about how companies can make the merger review process more efficient for themselves. As we noted, one important way to do this is by getting in contact with the Federal Trade Commission early on in the process and maintaining good communications along the way so that the agency is able to evaluate data as efficiently as possible. More >
Proposal would streamline merger review process
We’ve been speaking in a recent series of posts about the merger review process and some general ways to make it more efficient so that less time and resources are wasted. As we noted last time, one of the features of the review process is that either the Department of Justice or the Federal Trade Commission can handle a review. More >
Making the merger review process more efficient, P.1
One of the hurdles business must deal with in moving forward with a merger agreement is the merger review process. We have previously spoken about this process and some of the difficulties businesses can face in complying with the requests of the investigating agency. One of the issues we have not discussed is the burden of complying with data requests in general. More >
Exemption Portability - What is it, and how does it work?
The term "portability" is used in many contexts, but in the estate planning context portability describes the way a surviving spouse can use the remainder of a deceased spouse's unused exclusion amount to further shield her or his estate from tax liability. Portability first came about in 2010 as a temporary concept in the Tax Relief, Unemployment Reauthorization and Job Creation Act of 2010. It was set to expire on December 31, 2012, but Congress, in the American Taxpayer Relief Act of 2012, made portability a permanent part of the estate and gift tax exclusion. The current unified exemption for estate and gift taxes is $5.43 million (for the year 2015), so portability allows for a potentially very large tax break for a surviving spouse's estate. More >
Work with experienced counsel to navigate buyout negotiations
Layoffs are never something businesses like to do, but sometimes economic necessity dictates that a business reduce the costs associated with employees. Such is the case right now with global art auction house Sotheby’s. The company is currently offering employees voluntary buyouts a in the wake of a third-quarter decrease in revenue. More >
Before selecting business form, what is important to consider? P.2
In our last post, we began discussing the importance of careful planning when selecting the legal form one’s business will take. As we noted, this decision can impact a number of aspects of the business and its owners. The first factor we mentioned which needs to be considered is liability protection. More >
Before selecting business form, what is important to consider? P.1
Building a successful business is not an easy matter, and a lot of planning and learning from mistakes go into it. Success is not always quick, either. Sometimes it can take years before a company is able to carve out a market and a brand for itself. To really make a business successful, a lot of things have to fall into place, and a lot of advice could be given about how to do this. More >
Nothing is uncertain like death taxes
There's a saying about death and taxes, the certainty thereof, which has been oft repeated to the point of weariness. While it is true that the imposition of taxes is a certainty, the shape and form of such taxes, especially in an estate planning context, is anything but. Just when one believes the ground to be firm in any particular tax context, the sands begin shifting. The federal estate tax has been just such an example the past several years, and estate plans should account for future uncertainty. More >