by Lance Williams | Aug 22, 2013 | Business Law Newsletters
On July 9, 2013, Governor Corbett signed Act 67 of 2013, titled “GAA Amendments Act of 2013.” Act 67 provides for the expanded use of electronic media by business and nonprofit corporations to interact with shareholders, members, and directors – including the use...
by Lance Williams | Jul 31, 2013 | Business Law Newsletters
Since 1889, Pennsylvania has imposed a tax on Pennsylvania residents who make loans to corporations and other entities taxed as a corporation, if the entity is active within Pennsylvania and has a treasurer who performs duties within Pennsylvania. For example, the...
by Lance Williams | Jul 18, 2013 | Business Law Newsletters
PENNSYLVANIA ELIMINATES DELAWARE HOLDING COMPANY TAX BENEFITS FOR MANY BUT NOT ALL For many years, companies nationwide have used a Delaware holding company structure to control and minimize state income taxes. Under the Delaware holding company structure, trademarks...
by Lance Williams | Jan 11, 2013 | Business Law Newsletters
NEW YEAR’S DAY FISCAL CLIFF RESOLUTION: Estate and Gift Tax rules As everyone knows so well, late in the evening on January 1, a compromise was reached resulting in new legislation euphemistically titled the “American Taxpayer Relief Act.” The new law avoids...
by Lance Williams | Dec 6, 2012 | Business Law Newsletters
MORE UNCERTAINTY IN UNCERTAIN TIMES – BUYING ASSETS MIGHT NOT PROTECT YOU FROM SELLER LIABILITIES Conventional wisdom is that the purchaser of a corporation’s assets is not responsible for the corporation’s liabilities. Indeed, this is one of the primary reasons...
by Lance Williams | Jan 25, 2012 | Business Law Newsletters
In a recent decision, in the case of Walnut Street Associates, Inc. v. Brokerage Concepts, Inc., the Pennsylvania Supreme Court made it more difficult for a business to use the threat of a lawsuit for interference with contractual relations to deter competitors and...
