Purchasing a business involves multiple steps and a tremendous amount of due diligence. One important aspect of due diligence is determining the purchaser’s successor liability for the seller’s unpaid sales and use taxes. The purchaser and seller cannot contract away successor liability. Therefore, it is important that the buyer obtain full disclosure of any outstanding.
All articles by Robert J. Ollman
Almost every corporate principal has heard of the “dreaded” Securities and Exchange Commission (SEC) Rule 10b-5, which makes it unlawful in the securities context “(a) To employ any device, scheme, or artifice to defraud, (b) To make any untrue statement of a material fact . . . , or (c) To engage in any act,.
Without any warning, you receive a notice from a bankruptcy court that a customer who owes you thousands of dollars has filed for bankruptcy. You’ve heard about companies going bankrupt, of course, but you’ve never been in the middle of one. What should you know? The notice should tell you what type of bankruptcy your.
Your employee, Billy, frequently leaves his work station during business hours to go outside for fresh air. Billy does this even though he knows that, under company policy, an employee who is absent from his/her desk (other than for work purposes, designated breaks and lunch) may be terminated. When you confront Billy regarding his absences,.
I graduated from North Dakota State on scholarship with a double major and two national championship rings from playing Division I football. I graduated from Marquette Law School with an accepted job offer at Fox, O’Neill and Shannon. Life seems to be going my way. That’s how life usually seems to go, until it takes.