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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.
What Employers Should Know About OSHA PPE Guidance During Covid-19
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Coronavirus Has Caused Significant Construction Project Delays and Cancellations
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ADP: Private Sector Employment Rises in August
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Mandatory Covid-19 Vaccines: Coming to a Workplace Near You?
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Michigan’s New Executive Order Modifies Worker ‘Stay-at-Home’ Requirements
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Pledge to Get Back to Work Safely
As part of a global endeavor to help employees return safely to work amid the pandemic, ASA has launched the Safely Back to Work initiative to lead efforts in the U.S. The initiative and new website at americanstaffing.net/safelybacktowork is based on the association’s work with the World Employment Confederation, Adecco Group, ManpowerGroup, and Randstad NV.
The result is an online collection of safety-focused resources for employers and a high-profile pledge to the safety of all employees who are returning to job sites. ASA urges all of its members to download and use the free resources and take the pledge.
- Download the ASA Safely Back to Work Best Practice Protocols, which include 77 measures to help further employee safety in different industry sectors and work environments.
- Download the Covid-19 Safety Checklist, developed specifically for staffing company use by the law firm Seyfarth Shaw.
- Take the Safely Back to Work Pledge to show your company’s commitment to the health and welfare of your corporate and temporary and contract employees.
Once you submit your pledge to safety, your name and company name will appear in a real-time leaderboard on the page. Share your commitment on social media channels and encourage your colleagues to do the same. The Safely Back to Work site provides a variety of graphics for use on Twitter, Facebook, LinkedIn, and ASA Central. Use the hashtag #SafelyBackToWork and tag @StaffingTweets.
GM to Make 100 Temporary Employees Permanent at Truck Plant in Covid-19 Hotspot
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Guidance on Payroll Tax Deferral Fails to Relieve Employer Liability
On Friday, the U.S. Department of Treasury and U.S. Internal Revenue Service issued guidance implementing the presidential memorandum that was issued Aug. 8 allowing deferral of the employee share of the Social Security payroll tax. The guidance provides little detail and does not allay employer fears that they will be held liable if employees fail to pay the deferred tax. As a result, most employers are likely to continue withholding and paying the tax rather than deferring it.
School’s Back (or Is It)? When Can Your Employees Take FFCRA Leave?
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