Command Center Inc. News Release (05/12/15)
Command Center Inc. reported revenue of $19 million for the first quarter of 2015, up 2.8% from $18.5 million in the first quarter of 2014. Net income totaled $82,000, down 84% from $511,000 in the year-ago quarter.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
NFIB News Release (05/12/15)
The National Federation of Independent Business’ Small Business Optimism Survey rose 1.7 points from March to 96.9 in April, a decent month-to-month reading but overall still below the historical average. Small businesses posted another decent month of job creation. Those that hired were more aggressive than those reducing employment, producing an average increase of 0.14 workers per firm, continuing a string of solid readings for 2015. Fifty-three percent reported hiring or trying to hire (up three points), but 44% reported few or no qualified applicants for the positions they were trying to fill. Thirteen percent reported using temporary workers, up three points. Twenty-seven percent of all owners reported job openings they could not fill in the current period, up three points from March. A net 11% plan to create new jobs, up one point and a solid reading.
“Small-business owners are still wary of the future, and that’s most evident when we asked them about future sales,” says Bill Dunkelberg, NFIB chief economist. “The little economic growth we do see is coming mostly from small businesses. Solid economic growth would require good performance from both big and small firms and that will likely be elusive this year.”
Don’t miss the ASA webinar “Five Key Steps to Building an Effective Workplace Culture.” It takes place today from 3 to 4 p.m. Eastern time. Learn how having a dynamic, positive culture can help your firm keep its best corporate employees.
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 27–29 in Nashville, TN.
Headlining the convention are three world-class keynote speakers:
And there’s more in store at Staffing World—check out staffingworld.net for the convention agenda, travel information, exhibitor information, and more, and register for Staffing World today. Save up to $300 per person when you register by June 12. ASA members get a discount, so join ASA and save even more.
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