A Cautionary Note in the Use of Finders to Raise Capital
A Cautionary Note in the Use of Finders to Raise Capital By Scott Dondershine, CPA, Esq. Introduction Under the Securities Act of 1933 (the “1933 Act”) every offer or sale of securities must either be registered or exempt from registration. Section 5 of the 1933 Act. One of the most significant and prevalent exemptions is […]
Buy-Sell Agreements
Buy-Sell Agreements by Scott A. Dondershine, attorney Planning for the Transfer of a Successful Closely Held Business The issues faced in drafting a buy-sell agreement are complex and difficult. This article analyzes some of the key concerns, such as the purpose of the agreement, the types of agreements, and methods for determining the price of […]
Understanding the FLSA and its Overtime Pay Requirements
Understanding the FLSA and its Overtime Pay Requirements by Scott A. Dondershine I. INTRODUCTION. Congress adopted the Fair Labor Standards Act (the “FLSA”) in the late 1930s as part of President Roosevelt’s New Deal to produce higher levels of employment among the adult work force. Today, disgruntled employees often use the protections provided by the […]
Avoid the Employment Tax Delinquency Trap
Avoid the Employment Tax Delinquency Trap The IRS can assert personal liability for some withholding taxes. by Scott A. Dondershine and Ginger McGuffie In today’s economy, more and more companies find themselves trying to get by on reduced revenues and slim operating margins. When poor business conditions cause revenues to dwindle, banks may revoke essential […]