A large part of any agreement for the purchase and sale of a business relates to indemnification. But what exactly does indemnification mean? In plain English, indemnification means that the seller is required to reimburse the purchaser for its monetary losses, including legal fees, sustained as a result of the seller’s breach of the purchase […]
Federal government contractors comprise a significant portion of our national economy. In fact, over $500 billion was spent by the federal government on contractors in 2018. Looking at the D.C.-Metro area alone, government contractor employers dominate job opportunities, second to only the federal government itself. I recently wrote about the Department of Labor’s increase to the overtime threshold, which […]
When it comes to property management, the District of Columbia has a unique set of laws. Join me each week as I give you advice on dealing with a common property management problem in D.C. and how to quickly solve it. Watch on Youtube
Information collected by Adobe Digital Insights in 2016 shows that consumers are not the only ones spending during Thanksgiving weekend. Thousands of brands are capitalizing on the downtime people have during the holiday weekend and are significantly increasing their ad spend. With more leisure time comes more screen time, meaning more digital ads being served […]
The Palm, a family-owned steakhouse opened in 1926, became first a New York institution, and then a powerhouse national and worldwide brand as the concept was rolled out from the original Second Avenue location by the grandchildren of the founders. As so often happens with successful multi-generational family businesses, control, and management of The Palm, […]
Ever wonder how certain pieces of land are exempted from development? In areas like Washington, D.C., spots of nature are oftentimes preserved through the development process. One such mechanism is syndicated conservation easements, which confer certain tax benefits while committing to preserving land. The Internal Revenue Service (IRS) recently announced a “crackdown” on alleged abuse relating to […]
Question: What are the primary duties of my Trustee? Answer: A Trustee has the legal duty to carry out the directions set forth in your trust. As a fiduciary, the Trustee cannot derive personal benefits from the assets he is entrusted to manage. If the Trustee does not follow the directions set forth in the trust, the […]
Public hearings are a necessary evil for participants in the licensed beverage markets. Being prepared for a public hearing is the best way to ensure it will go the way you hope. Let’s consider the rule of Howard County, MD for a moment, since that is where I am sitting right now. These rules require […]
During the span of relatively few years, a company’s brand as a stand-alone asset can become worth a significant amount of money and, in the case of the world’s leading brands, a huge amount of money. To recognize the top ranked companies on the 2019 Interbrand list of highest valued global brands, test your knowledge […]
The Fair Labor Standards Act (FLSA) is the federal law that requires certain classifications of employees to be paid an overtime premium for working more than forty hours in a week. However, employees that perform certain job duties may be exempt from the law’s overtime payment requirements if they are paid a guaranteed weekly salary. […]
Madonna is facing major backlash for showing up to a few of her concerts hours after they are scheduled to start. She changed the start time of her show in Miami on December 17, from 8:30 p.m. to 10:30 p.m. I don’t know about you, but 10:30 p.m. is way later than I would like […]
As published in GGI BDM News, Autumn 2019 Globally, 28% of the average online user’s time is spent on social media, so it makes sense for busy professionals to join the crowd. There are many reasons for this social media craze – it’s cheap, it’s easy, it’s global, and it’s scalable. Professionals can use social […]