Am I Buying More Than a Business? Successor Liability Issues that May Remain After the Closing

by e-LawLines | Apr 16, 2009 | Commercial Law, Contract Law, Corporate Law, Small Business Law, Taxation

You’re an entrepreneur, and you’ve just found a company you want to buy in order to expand your own business. In setting up the purchase, you’ve decided you want to do an asset purchase. After all, you’ve heard that one of the benefits of an asset purchase is that,...

The Large Print Giveth; And The Small Print Taketh Away or Contract Legal Damages: What are they?

by e-LawLines | Oct 16, 2006 | Commercial Law, Contract Law, Litigation

We’ve all done it. Signed a contract, whether with the home improvement company, for a new set of tires or service on our automobile, or for a home entertainment center. The contract that we just signed will likely have the “fine print” spelling out...

Does Anyone Really Read Those Email and Fax “Disclaimers” and “Notices?”

by e-LawLines | Aug 16, 2006 | Commercial Law

Earlier this year, we were approached by a client who inquired whether they really needed to put a disclaimer on electronic communications, both facsimile transmissions and emails. Because of attorney-client and other privileges applicable to attorneys, as well as a...

Non-Matching Social Security Numbers: An Employer’s Guide in Resolving

by e-LawLines | May 16, 2006 | Commercial Law, Corporate Law, Employment Law, Small Business Law

Regardless of your company’s business classification, all companies are required to report employment compensation, tax withholding and other information on both quarterly and annual bases to the Internal Revenue Service (“IRS”). Sometimes through clerical error, and...

“Accord and Satisfaction” or “How a Notation on a Check Can (Sometimes Unwittingly) Resolve a Payment Dispute”

by e-LawLines | Dec 1, 2005 | Commercial Law, Contract Law, Litigation

Imagine you are a supplier of goods or services and have a customer who remits a check for an invoice, which is less than the amount of the invoice, and included on the check is wording to the effect “this check is payment in full and in full and final satisfaction of...

“Business Insurance Coverages: Protecting Both Your and Your Company’s Wealth”

by e-LawLines | Nov 16, 2005 | Commercial Law, Corporate Law, Small Business Law

Incorporating or electing to conduct business in another statutory business form, such as a limited liability company, can do much to protect your personal assets from being called upon to satisfy a company liability. However, the limitation of liability afforded by...