In July 2021, President Biden issued an Executive Order encouraging the Federal Trade Commission (“FTC”) to consider exercising its rulemaking authority to “curtail the unfair use of non-compete clauses and other clauses or agreements that may unfairly limit worker mobility.”[1] On January 5, 2023, the FTC issued a press release stating that non-competes in employment…
New federal reporting requirements that implicate many small businesses will soon take effect. If your business is required to report under the new regulations, certain information about your business, personal information of business owners, and certain key individuals within the business will be required to be reported to the federal government. On January 1,…
In this segment, we will discuss practical considerations for entities who are contemplating a sale, whether during or after the pandemic.
The COVID-19 pandemic has impacted all aspects of business in the United States, M&A transactions in particular. The global IPO market ground to a halt in March of 2020, and corresponding developments in the M&A market were felt almost immediately.[1] By the end of March 2020, M&A levels for the first quarter of 2020 had…
Written By: Steve Lawrence & Miranda Preston In response to the COVID-19 pandemic, federal, state and local governments and health authorities have issued declarations of emergency, proclamations and orders intended to slow the spread of the virus. Many of these actions have resulted in businesses cancelling or postponing events and closing or limiting business operations…
The recently enacted CARES Act includes forgivable Paycheck Protection Program loans for small businesses (PPP Loan). While the CARES Act includes parameters for loan forgiveness, we expect more details when the Small Business Administration (SBA) issues regulations implementing the program. The CARES Act – Paycheck Protection Program Loan article outlined the method for determining the…
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