Blacklisted Condos: A Growing Crisis for Owners and Buyers
The blacklisting of condominium/condo associations by financial institutions and insurance providers has emerged as a pressing issue in the real estate finance and housing sector. This practice, which involves lenders or insurers refusing to provide services to specific condominium associations, has significant implications for property values, homeowner affordability, and overall market stability. The practice raises…
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Unlocking Tax-Free Gains: The Power of QSBS in Mergers & Acquisitions
Internal Revenue Code (IRC) Section 1202 offers a significant tax incentive for investors in qualified small business stock (QSBS). This provision allows eligible shareholders to exclude up to 100% of capital gains realized from the sale of QSBS, subject to certain limitations. This exclusion can result in substantial tax savings, making it highly attractive to…
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Less Red Tape, More Capital? SEC Clarifies 506(c) Verification Rules
On March 12, 2025, the Securities and Exchange Commission (“SEC”) issued a significant no-action letter clarifying the use of high minimum investment amounts as a method for verifying accredited investor status under Rule 506(c) of Regulation D (the “Letter”).[1] Background: Rule 506(c) and Accredited Investor Verification Rule 506(c), introduced under the Jumpstart Our Business Startups…
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High Rhode Island Property Tax Assessment? Here’s What to Do Next
With Rhode Island municipal revaluations of property going into effect for the 2025 tax year, many homeowners and business owners are beginning to explore their options on challenging the new assessment, as most assessments have increased rather than decreased. However, the process for challenging an increase in the assessed value of property in Rhode Island…
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Private Equity Incentive Structures: What Management Needs to Know
If a private equity buyer is exploring an acquisition of the company you manage, and you anticipate remaining involved in the business after the sale, there are a number of options that may be appealing to you. It is likely that you will be negotiating your post-sale compensation package. As discussed in a prior article,…
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Seventh Circuit Decision Clarifies Standards for FLSA Overtime Cases
The Seventh Circuit Court of Appeals[1] recently clarified the evidentiary bar for employees bringing Fair Labor Standards Act (FLSA) overtime claims, requiring employees to provide specific, detailed evidence of their work hours and duties at the summary judgment stage, even when employers fail to keep accurate time records under the FLSA. As the Court of…
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What New Administration’s Moves at EEOC, NLRB Mean for Employers
Times they are a-changin’ … with a flurry of moves and terminations, the new administration has signaled a reverse within the federal labor and employment landscape. These changes will have significant impacts on current strategies for employers over the next four years. Major Upheaval at the EEOC And NLRB Some key shifts occurred this month…
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Legal Guidance Can Be Key in Navigating Rhode Island Land Use Matters
Land use matters in Rhode Island are often challenging to interpret and navigate. In fact, the Ocean State is known for having among the most restrictive policies for zoning and land use control in the U.S. It’s not hard to understand why, as Rhode Island has the smallest land area of any state and is…
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The Forecast Calls For Sun: What New Administration’s First 30 Days Means for Solar Industry
United States policy surrounding renewable energy has fluctuated significantly as administrations change; President Jimmy Carter put solar panels on the White House in 1978, and President Ronald Reagan removed the panels in 1986. Those who have worked in the renewable energy industry anticipate these fluctuations and adapt their plans to accommodate them. However, the shift…
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Balancing the Scales: Purchase Price Adjustments in M&A Transactions
In the complex world of business transactions, particularly mergers and acquisitions (M&A), purchase price adjustments are a critical concept that help ensure fairness and accuracy in the final transaction price. Purchase price adjustments are mechanisms to alter (increase or decrease) the price paid for a business after the sale is closed. These adjustments are designed…
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