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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.
Before the Coronavirus Struck, U.S. Job Openings Stood at Nearly 7 Million
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U.S. Chamber of Commerce Calls for Uniform Approach to Identify Essential Workers and Functions
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Trump Administration Seeks More Aid for Small U.S. Businesses
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Small Employer Firms’ Funding Shortfalls and Financial Challenges Threaten Ability to Weather Pandemic
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Get Important Legal Information to Protect Your Business
All staffing professionals and their clients need to know the facts about co-employment—the relationship between a staffing firm and its client in which each has legal rights and duties with respect to the same employees. Help your employees and your clients by giving them the book that explains this evolving area of federal employment law.
The ASA book Co-Employment: Employer Liability Issues in Third-Party Staffing Arrangements was revised in 2019. Now in its ninth edition, and available in print and as an ebook, it explains how staffing firms and clients can mitigate employment-related risks. View the contents and an excerpt online at americanstaffing.net.
ASA Updates Issue Paper on CARES Act Financing to Reflect April 7 Guidance From SBA
ASA has published an updated issue paper addressing various financial assistance opportunities for staffing agencies under the Paycheck Protection Program of the Coronavirus Aid, Relief, and Economic Security (CARES) Act; the interaction of PPP loans with CARES Act tax relief provisions; and other financial assistance opportunities—including Economic Injury Disaster and Exchange Stabilization Fund loans.
Written by Marc J. Gerson, Esq., member of Miller & Chevalier Chartered, the updated paper reflects April 7 guidance published by the U.S. Small Business Administration in consultation with the U.S. Department of the Treasury. The paper also includes an example of how the CARES Act’s loan forgiveness provisions may apply with respect to staffing agencies.
Unemployment Eligibility Expanded Under CARES Act
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Enforcing Company Policies, Procedures, and Performance Standards During the Covid-19 Pandemic
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New York State Enacts Paid Sick Leave Requirements
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Missouri and Illinois Ease Unemployment Benefit Requirements
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Oregon OSHA Is Here to Inspect Your Covid-19 Protections
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Labor Forecast Predicts Sharp Decrease in Demand for Temporary Workers for Second Quarter
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Companies Cite New Government Benefits in Cutting Workers
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