Legal Memos

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a day ago
4 min

LLC Manager Liability

Limited liability companies are the most popular entity structure for new businesses. As a result , the law applicable to limited liabili...

Paul Peter Nicolai

Jun 30
3 min

Controlling Board & Officer Cybersecurity Liability

High-profile breaches have affected millions of customers and employees. They have created major losses to businesses through direct resp...

Paul Peter Nicolai

Jun 16
4 min

Workforce Coronavirus Relief

The federal Families First Coronavirus Response Act of 2020 ("Families First Act") is the second in a series of legislation to deal with ...

Paul Peter Nicolai

Apr 21
3 min

Making M&A Earnouts That Work

Parties use earnouts to overcome differences of opinion on value. The wrong clause can mean lawsuits later.

Paul Peter Nicolai

Apr 16
4 min

PPP FORGIVENESS HOOPS

Millions of companies have submitted for PPP. Now it;s time to think about manximizing foregiveness.

Paul Peter Nicolai

Mar 12
6 min

Private Software Licenses vs. Government Software Licenses

Government procurement regulations automatically insert clauses into software licenses which are surprisingly different than private deals.

Paul Peter Nicolai

Mar 3
9 min

The State of Cannabis Banking

Finding banking services for marijuana related businesses remains tough and is only changing slowly. Legalizing hemp may have helped that.

Paul Peter Nicolai

Feb 25
2 min

Another Tool To Recover Excessive Executive Compensation

In certain jurisdictions, creditors may be able to call excessive compensation paid to manager-shareholders as unlawful dividends

Paul Peter Nicolai

Feb 18
2 min

New Alternative for Cheaper Small Business Bankruptcy

Chapter 11's high cost and complexity make it too difficult for small businesses to successfully reorganize. Congress has passed amendmen...

Paul Peter Nicolai

Nov 26, 2019
3 min

NLRB Issues Guidance on Handbook Rules

The NLRB General Counsel has issued a Guidance Memorandum laying out how NLRB Regional Offices receiving claims of improper employment po...

Paul Peter Nicolai

Nov 16, 2019
4 min

The Law of Wage Advances

There is a new type of payment product that gives workers immediate access to wages even if their next payday isn’t scheduled for a week ...

Paul Peter Nicolai

Nov 6, 2019
6 min

Paid Time Off Is Changing

US protected family and medical leave has centered on three types of personal life changes: leave for new parents, leave for those caring...

Paul Peter Nicolai

Oct 22, 2019
5 min

Developments for Gig Economy Workers

Under US law persons doing work are either independent contractors or employees. If they do not meet the test to be an independent contra...

Paul Peter Nicolai

Oct 7, 2019
9 min

Binding Employment Policies & Agreements in the Digital Age

Going electronic with employment policies and agreements requires more than just going electronic to make them binding.

Paul Peter Nicolai

May 2, 2019
6 min

M&A Earnout Thoughts

Earn-out arrangements are often crucial in bridging price expectations between buyer and seller and getting a deal to closing. Unfortunat...

Paul Peter Nicolai

Feb 1, 2019
7 min

Personal Liability for LLC Actions

Like a corporation, a limited liability company (LLC) is liable for its obligations to others. No other person, as owner or agent, is vic...

Paul Peter Nicolai

Jan 1, 2019
7 min

IRS Statute of Limitations

How long the IRS has to audit and assess taxes is an important – and complicated – question. The IRS Typically Has Three Years. The overa...

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