With anxiety over a potential coronavirus (also known as COVID-19) pandemic spreading more quickly than the virus itself, people across the United States are being advised to take the common-sense approaches of washing their hands, using hand sanitizer, and coughing and sneezing into their elbows to reduce the risk of transmission. Business leaders should also...
ArticlesCorporate & BusinessR.I. Supreme Court Holds No Duty to Defend Additional Insured Outside Policy Coverage
January 15, 2020
The Rhode Island Supreme Court this summer ruled in Bacon Construction Co., Inc. v. Arbella Protection Ins. Co., 2017-350 (R.I. June 4, 2019) that a trial court did not err in finding that a subcontractor’s liability insurer was not obliged to provide coverage to the general contractor for personal injuries suffered dby a worker at a construction project, when...
Client AlertsCorporate & BusinessReal EstateFinal Opportunity Zone Treasury Regulations Released
December 23, 2019
By Russell J. Stein On Thursday, December 19th, the U.S. Department of Treasury released the long-awaited final Opportunity Zone Treasury Regulations (the “Final Regulations”). The Final Regulations and explanatory materials that span 544 pages, are quite extensive and give some needed clarity into how the Opportunity Zone tax rules work. This client alert is intended...
Client AlertsCorporate & BusinessNewsThree Things: The Future of Privacy Legislation
December 17, 2019
By Naveed Cheraghchi & Brian J. Reilly With the start of the New Year comes the enforcement of one of the country’s most anticipated pieces of legislation, the California Consumer Privacy Act (CCPA). In many ways, the CCPA is similar to its European counterpart, the General Data Protection Regulation (GDPR). This edition of Three Things provides a...
Client AlertsCorporate & Business5 Practical Things To Consider Before Granting Equity Interests In Your New Company
August 22, 2019
By Brian Reilly or Colin Coleman When starting a company, founders are immediately faced with a series of decisions, many of which will have long-lasting impacts that may not become apparent for months or years. Founders need to decide in which state to form their business entity, the type of business entity, and the specific provisions to...
Client AlertsCorporate & BusinessFive Ways The New Rhode Island Noncompetition Agreement Act Could Impact Your Business
August 14, 2019
By Alicia J. Samolis On July 15, 2019, Rhode Island’s Governor signed into law the Rhode Island Noncompetition Agreement Act (the “Act”), limiting the enforceability of restrictive covenants with certain employees. Its limited applicability largely makes the law irrelevant, with a handful of critical exceptions. Unlike the Massachusetts law, there is no grandfathering provision – meaning agreements...
Client AlertsCorporate & BusinessFirst Disclosure Statement Is Due July 20, 2019 Under New City Of Boston Lobbying Registration And Reporting Ordinance
July 17, 2019
By Colin Coleman or Jeff Sarasohn During Fall 2018, the Boston City Council approved, and Mayor Marty Walsh signed into law, a new City of Boston ordinance regarding Lobbyist Registration and Reporting Requirements (the “Lobbyist Ordinance”). The first periodic disclosure statement under the Lobbyist Ordinance must be submitted no later than July 20, 2019. This Client...
By Colin Coleman or Brian Reilly Too many closely-held businesses suffer from poorly drafted operating or shareholder agreements, or have no written agreements in place at all. Without good documentation, there is no road map to guide the partners when the going gets tough. And, when the going gets tough, the tough often hire lawyers. The first...
By Russell J. Stein The Massachusetts Department of Revenue (the “DOR”) has recently issued two Technical Information Releases of importance to taxpayers. In TIR 19-7, the DOR provides guidance on the applicability of the Federal Opportunity Zone tax benefits under Massachusetts tax law, clarifying that while the benefits are available to corporate taxpayers they are...
New to the angel or seed investing world? If the answer is yes, then looking at potential investment opportunities can be a daunting task – especially if you are in a market like Boston, Silicon Valley, or New York City, where there are large, well developed startup ecosystems and lots of investment opportunities. PS&H Partner,...
