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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.
Dallas Fed: Texas Manufacturing Activity Accelerates Sharply
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Free ASA State of the Industry Webinar Tomorrow
Don’t miss tomorrow’s ASA State of the Industry webinar, 3–4 p.m. Eastern time. ASA and ClearlyRated, the association’s satisfaction survey partner, will present the first session of the quarterly webinar series for 2021, focusing on internal staff.
As the industry recovery continues from the Covid-19 recession, retention and engagement of your internal staff is more important now than ever to avoid a disruption to your firm’s growth. Hear about new research on internal employees—plus get key legislative updates.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Onboarding Courses Available for New Staffing Professionals—Visit ASA Learn
Recruitment and retention of staffing professionals is key to a staffing firm’s success—and it starts with your employee onboarding program.
ASA offers a comprehensive online training program designed to welcome new staffing professionals and provide high-level industry-specific knowledge—it’s intended to complement your existing new hire programs, allowing for a quicker transition from new hire to top team member.
These online staffing professional onboarding courses are specifically designed for staffing, recruiting, and workforce solutions professionals—and they’re also great for anyone in need of a refresher. Learn more at learn.americanstaffing.net.
Find Out What Job Seekers Are Looking For
What makes job candidates decide to leave a job? What do they think about staffing agencies?
How do job seekers look for jobs? Find out what prospective employees are thinking—get the new ASA Candidate Sentiment Study. The report includes data from job seekers within different generations, industry sectors, races/ethnicities, and genders.
The ASA Candidate Sentiment Study is available for purchase now, and ASA members receive a discount. Get more information at americanstaffing.net/candidate-sentiment-study.
Justice Department Is Leading Government Crackdown on PPP Fraud
The U.S. Department of Justice issued a news release on Friday describing an “historic level of enforcement” to combat fraud under the Paycheck Protection Program. In an email, ASA counsel Miller & Chevalier advised that the Justice Department has to date focused on the most egregious conduct, such as blatant misuse of funds and knowing falsification of loan and forgiveness application documents. But the firm cautioned that, based on its experience with such matters, it believes that “enforcement eventually will target even well-intentioned small businesses with allegations of false certifications and inaccurate payroll/expense calculations.”
The firm is reminding its PPP clients of the importance of preparing now for their SBA audit, ideally before seeking loan forgiveness. “Businesses that are prepared will have the smoothest audits and, in turn, are the least likely to face SBA Inspector General or Justice Department scrutiny down the road,” the firm said.
EEOC Announces April 26 Opening Date for the Collection of 2019 and 2020 EEO-1 Component 1 Data
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Illinois Makes Significant Amendments to the Illinois Human Rights Act, Equal Pay Act, and Business Corporation Act
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San Francisco Grocery Store and Pharmacy Workers Now Entitled to Covid-19 Hazard Pay
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Surge in Economic Optimism Among CEOs Means More Hiring on the Way
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Employers Making Moves to Facilitate Covid-19 Vaccination of Employees
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