The Affordable Care Act Cost Calculator for Staffing, introduced for ASA staffing firm members last month, has been updated. Two new fields have been added to the worksheet (17 and 23), and two fields have been modified (16 and 22—formerly 21). These updates distinguish between “ongoing” and “nonvariable hour” full-time employees and allow their tenure data to be included for the purposes of calculating the “play” option. Members that have saved estimates may want to update their calculations.
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.
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