Wealthy individuals have been flocking to Florida for years. According to the website howmoneywalks.com, from 1992 to 2016, the IRS Division of Statistics, U.S. Census Bureau reported Florida gained $27 billion in taxable income from New York, $18 billion from New...
PLDO Law Blog
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New Massachusetts Law Limiting Employee Non-Compete Agreements
After numerous failed attempts, the Massachusetts legislature has finally passed a new law limiting noncompete agreements between a company and its employees and independent contractors. The legislation was signed into law by Massachusetts Governor Charlie Banker on...
Public Hearing Set for Tomorrow on Proposed Hemp Regulations by RI Department of Business Regulations
The RI Department of Business Regulations (DBR) will hold a public hearing tomorrow (August 16, 2016) at 10 a.m. on its proposed regulations for the state’s Industrial Hemp Agricultural Pilot Program (Hemp Regulations). The hearing will be held at the Department of...
Landmark Decision – Police Must Have a Warrant for Cell Phone Location Data
Is your cell phone nearby? Are you reading this article on it right now? It’s probably no surprise to you that Americans are with their cell phones constantly. And, you may already know that your cell phone is constantly scanning for the best signal. What you may not...
Comparing Start-Up Valuation Methods
In our Business Law practice, we routinely deal with entrepreneurs and investors who are trying to structure an investment opportunity on the basis of the company’s value before the outside investment is closed. This challenge exists whether the investment will be...
Due Diligence Considerations for Entrepreneurs and Investors
Representing clients seeking to invest in a venture or finance a new business opportunity is a challenging experience for the lawyer as it routinely involves outlining the steps and various issues that are involved in the process of either type of transaction. The...
Investment Structures in a Business Transaction
The process of negotiating an investment opportunity is oftentimes intimidating for first time investors or entrepreneurs. The business jargon is confusing, while the terms and conditions vary for each investment. The non-equity investment terms will vary from lender...
Courts Start To Weigh In On COVID-19 Lawsuits
PLDO recently issued an advisory about the forthcoming explosion of lawsuits arising out of the coronavirus pandemic. Specifically, the article addressed the legal concept of “force majeure” and predicted that many businesses will claim that the pandemic prevented...
Employee’s “Odd” Behavior Justified Mandatory Drug Test
Most employers know that they cannot insist that an employee take a drug test unless the employer has “reasonable grounds” to believe that an employee’s job performance is impaired by drug use. Also, the employer must observe contemporaneous evidence of impairment...