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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.
BLS: Staffing Employment Rose in February
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Fourth-Quarter Productivity Weakest Since 1981
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Powell Confirms Fed to Maintain Easy-Money Policies
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Majority of Small Business Owners Reported Hiring or Trying to Hire in February
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Free Event Next Week—National Business Summit on Covid-19 Vaccines
How can businesses educate workers about Covid-19 vaccines and support community vaccination efforts? Health Action Alliance will present a National Business Summit on Covid-19 Vaccines with Rochelle Walensky of the U.S. Centers for Disease Control and Prevention and Joshua Bolten of Business Roundtable. The virtual event takes place Tuesday, March 9, from 2 to 3:30 p.m. Eastern time. ASA is a partner of Health Action Alliance.
To learn more and to register, visit healthaction.org.
Get Weekly Updates on Staffing Employment Trends, With Dynamic Charts
Looking for real-time data on staffing employment? The ASA Staffing Index reports weekly changes in the number of people employed in temporary and contract work, now including Staffing Starts (new assignments). The data will help your firm evaluate its performance against a national metric on both a weekly and long-term basis.
All staffing firms with U.S. operations are invited to participate in the ASA Staffing Index survey. Every Tuesday, participants receive an email with the results of the weekly survey, including figures by company size, and access to historical data and new dynamic charts. These data, which are not available anywhere else, allow staffing firms to compare how their business is doing on a weekly basis relative to similarly sized firms in the industry. There are no fees to participate in the five-question survey.
Don’t get stuck with outdated or unreliable data—sign up to participate in the ASA Staffing Index and receive the most up-to-date information about the staffing industry. For more information about the index, visit americanstaffing.net/staffing-index
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. The ASA IDEA group is sponsored by ASA corporate partner Monster and by Anthem, along with supporting sponsors TerraFirma and WorkN.
Visit americanstaffing.net/diversity for a directory of diversity certification organizations, a glossary of common terms, and more.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Feb. 28.
Ardent Staffing Solutions
Marlborough, MA
The Forum Group
New York, NY
Pacific Personnel
Honolulu, HI
Top Shelf Staffing LLC
Dalton, GA
U.S. Department of Labor Recovers Back Wages for Employees After Investigation Finds Overtime Violations at Staffing Firm
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Federal Appeals Court Severely Limits Subsequent Violation Rate for California PAGA Penalties
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Covid-19: State Policy Report, March 2
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State of California Releases New Employer Portal to Assist With Covid-19 Compliance
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A More Optimistic View on U.S. Economy Comes with a Catch: Inflation Fears
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