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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.
Kentucky Expands Workers’ Compensation Benefits for Covid-19
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You Received a Payroll Protection Program Loan, What’s Next?
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Facts Employers Need to Know About Payroll Tax Deferral
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ASA Staffing Index: Staffing Jobs Hit Historic Low Amid Pandemic
Staffing jobs for the week of April 6–12 contracted 4.9% from the prior week, decreasing to a rounded value of 62, according to the ASA Staffing Index. Not surprisingly, survey respondents continue to mention the Covid-19 pandemic as the predominant factor for the decline. Year-to-year, staffing employment was down 34.2% and the lowest level seen for any week since the inception of the index in 2006.
The ASA Staffing Index four-week moving average fell to a rounded value of 70. Temporary and contract staffing employment for the period ending April 12 was 25.3% lower than the same period in 2019.
This week, containing the 12th day of the month, will be used in the April monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics May 8.
Many PPP Applicants Are Still Urgently Waiting for Financial Assistance
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Most Employees Are Satisfied With Their Company’s Response to Covid-19 Pandemic
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How Covid-19 Is Changing the Workplace
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Businesses Strive to Reopen From Coronavirus Shutdown
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Free ASA Webinar This Week—Finding a Way Through This Pandemic
Can your staffing company answer two critical questions about how it’s managing operations through the pandemic and how it will prepare for the eventual resumption of business?
This week, Greg Palmer of G. Palmer & Associates will host a panel of industry veterans—including ASA chairman Leo Sheridan of Advanced Group, Dave MacKeen of Eliassen Group, and Rick Wagner of Employment Solutions Personnel Services—who will offer insights during the ASA webinar “Navigating the Pandemic Now—And Planning for the Future.” It takes place Thursday, April 23, 2:30–4 p.m. Eastern time.
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.
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