Most business owners have likely heard the term “ESOP” but may not know exactly what it is. An ESOP is an Employee Stock Ownership Plan under which the owners of
Win-win Dynamics: Exploring How ESOP Transactions Benefit Owners and Employees
Navigating the Fine Line Between Business and Hobby
The author would like to thank Andy Almonte, a JD candidate at the University of Maine School of Law, for his assistance with writing this article. If you’ve ever been
A Different Kind of Court: The Knicks-Raptors Trade Secrets Saga
On Monday, August 21, 2023, the New York Knicks sued their Atlantic Division rival the Toronto Raptors in an action that could set a precedent for how sports franchises protect
Know the Law: Can I Amend My Revocable Trust – and How?
For a variety of reasons, many people choose to place their assets in revocable trusts. Those trusts will generally contain terms that govern the administration and distribution of the assets,
Should Courts Protect the Anonymity of Jurors?
In August of last year, a New Hampshire jury acquitted Volodymyr Zhukovskyy, then 26, of seven negligent homicide charges, seven manslaughter charges and a single reckless conduct charge. A week
Independent Contractor or Employee? Avoiding Misclassification Issues
Working as a contractor, or hiring contractors, provides the flexibility that many workers and companies desire. In some scenarios, the independent contractor status works well. Because independent contractors are considered
Three Massachusetts Casinos Fined for Illegal In-State Collegiate Sports Betting
The Massachusetts Gaming Commission fined Plainridge Park Casino (Plainridge), MGM Springfield (MGM) and Encore Boston Harbor (Encore) for illegally allowing their patrons to place bets on in-state collegiate teams back
Forecasting the Impact of the Supreme Court’s Latest Affirmative Action Decision on Employers
On June 29, 2023, the United States Supreme Court issued a decision, Students for Fair Admissions, Inc. v. President & Fellows of Harvard College, striking down decades of precedent that
Know the Law: Legal Considerations for Owning a Medical Spa
Q: What legal considerations should you keep in mind when opening and operating a medical spa? A: With face injections and other aesthetic medical treatments becoming more popular and mainstream,
Investment Opportunities in Residential Real Estate
Investment in real estate has historically been advantageous with a consistent cash flow, strong historical returns, tax benefits, and a low correlation with public markets. Real estate investment can benefit
Environmental Due Diligence in the Era of Contaminants of Emerging Concern
Many buyers understand that if they purchase property with any pre-existing hazardous contamination, they can be held liable for the costs of the cleanup. Consequently, before purchase you can commission
Know the Law: What Can A Venture Capital Firm Offer?
Q: I would like to bring an outside investor into my business. I have heard of venture capital or “VC” firms, but I don’t know much about them. What can
May I See Your Badge(s)? The Bankruptcy Trustee’s Power to Avoid Fraudulent Transfers Made with Actual Intent
Fraudulent transfer law has its roots in the Statute of Elizabeth, enacted in 1571 which voided any transfer made with the “intent to delay, hinder or defraud creditors.” The statute
Employers Must Meet Higher Standard for Denying Religious Accommodations in the Workplace
The United States Supreme Court in Groff v. DeJoy recently “clarified” what an employer must show in federal religious discrimination cases to prove that granting a religious accommodation would create
The New Corporate Transparency Act Requirements
On January 1, 2021 Congress passed the Corporate Transparency Act, which will be administered by the Financial Crimes Enforcement Network, commonly known as FinCEN, an agency under the U.S. Treasury
Stadium Chronicles: What Will the Orioles Do?
Back in spring training, John Angelos, owner of the Baltimore Orioles, established an aspirational deadline for a new stadium deal: “I’d love to have that [lease] as an All-Star break