If you’re already a member, please sign in to read more.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
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.
A Record Number of Americans Applied for Unemployment Benefits Due to Coronavirus
If you’re already a member, please sign in to read more.
Fourth-Quarter GDP Growth Expanded
If you’re already a member, please sign in to read more.
Powell Says Economy May Be in Recession, Virus Will Dictate Timetable
If you’re already a member, please sign in to read more.
Resources on Diverse-Owned Businesses Available for ASA Members
Staffing companies—particularly small businesses and minority-, veteran-, LGBT-, and woman-owned businesses—find they may be able to partner with larger companies that have supplier diversity initiatives in place.
The ASA inclusion, diversity, equity, and advocacy (IDEA) group has developed guidance for ASA members interested in partnering with those companies or in becoming a diverse-owned certified business.
Visit americanstaffing.net/diversity for a directory of diversity certification organizations, a glossary of common terms, and more.
The Latest From Your Colleagues on ASA Central
ASA Central—the dynamic online community just for staffing professionals—is home to more than 20,000 staffing professional profiles and countless ongoing industry conversations.
This week, take a look at your colleagues’ discussions and some of the blogs they’ve posted on ASA Central:
- Demand remains the same; delivery may have to change
- Recruiters working remotely
- Securing a business line of credit
Get involved with the community—update your profile today so you can network with colleagues, join a section community, recommend and comment on your colleagues’ posts, and share your own blog or discussion post. Log in to ASA Central now.
CARES Act Tax Provisions Aim to Stabilize Pandemic-Ravaged Economy
If you’re already a member, please sign in to read more.
Are Staffing Firms Considered ‘Essential Businesses’ During the COVID-19 Crisis?
State and local governments across the U.S. are issuing mandatory shutdown orders, “shelter-in-place” orders, and related interpretive guidance—all designed to immediately restrict the congregation and movement of people during the COVID-19 pandemic. These orders vary in substance and specific restrictions, but most exclude from the restrictions “life-sustaining” or “essential businesses” that may keep their brick-and-mortar offices open. Nonessential businesses must close their offices and may engage in remote work.
Many staffing firms provide temporary and contract workers to essential or life-sustaining businesses such as hospitals, pharmacies, and warehouses. Some state orders simply refer to the U.S. Department of Homeland Security Guidance, issued by DHS’ Cybersecurity and Infrastructure Security Agency on March 19, which identifies workers who should be considered essential to critical infrastructure across many industry sectors. Other orders do not explicitly allow for companies servicing essential businesses to remain open and either omit staffing from their lists of essential businesses or denote employment-related services as nonessential.
Some orders allow businesses that supply essential businesses with essential services to remain open, and ASA believes that a strong argument can be made that staffing firms providing workers to such business provide essential services—and thus should be allowed to keep their offices open and staff them to the extent necessary to provide those services.
Seyfarth Publishes Business Continuity Plan
To prepare for a natural or manmade disaster, companies—including staffing firms—should have continuity plans to assist in the continuance of their essential functions. Staffing firms’ continuity plans must also take into account the operation of client sites to which temporary workers are assigned.
To help staffing firms prepare, Seyfarth has developed a sample Pandemic/Public Health Emergency Business Continuity Plan.
The document is one of several new resources available at americanstaffing.net/covid-19, the association’s COVID-19 microsite. The page is continuously being updated with tools staffing companies can use to address the safety of their workforces and find reliable information about the coronavirus.
IRS Unveils New People First Initiative
If you’re already a member, please sign in to read more.
DOL to Host National Online Dialogue on the Families First Coronavirus Response Act
If you’re already a member, please sign in to read more.
Massachusetts Waives One-Week Waiting Period for Unemployment Benefits for Workers Affected by COVID-19
If you’re already a member, please sign in to read more.
Responding to Coronavirus: Illinois Considerations for Employers
If you’re already a member, please sign in to read more.
Colorado Employers Face a Bevy of New State Laws
If you’re already a member, please sign in to read more.
New Jersey Supreme Court Rules That the LAD Protects Registered Medical Cannabis Users
If you’re already a member, please sign in to read more.
West Virginia Unemployment Laws Relaxed in Response to COVID-19 Crisis
If you’re already a member, please sign in to read more.