Resources: Business and Finance Resources

Each year we prepare a summary of important tax items for use by lawyers in the firm, clients and friends. The following summary is for calendar year 2019.  Because of the changes in income tax law at both the federal and state level, these tables use simplifying assumptions that may or may not apply toRead More

It is tough to think of a business that does not use email marketing in 2018, but did you know that you can be subject to penalties of more than $40,000 if you violate Federal “spam” regulations?  It’s true, and it’s unfortunately easy to make a mistake.  We’ll provide the basics in this email, but,Read More

Until now the Service has not approved the use of an ESOP for any entity other than a traditional business corporation.  However, the IRS recently ruled in PLR 201538021 that an LLC that has elected to be taxed as an association can establish an ESOP and that unit shares of membership were “employer securities” forRead More

Types of Tenancies/Grounds for Eviction.  Maine’s Landlord-Tenant law is contained in Title 14 of the Maine Revised Statutes.  Among other things, the law sets forth the procedure for evicting Tenants, particularly Tenants whose tenancy is not subject to a lease.  The process for terminating a tenancy and evicting a Tenant initially turns on whether theRead More

Most businesses carry commercial general liability (“CGL”) insurance intended to cover such things as a customer’s getting injured falling down on the premises.  However, insurers do not cover so-called “business risks” under a CGL policy. The most common business risk is a risk that the business does not do its job competently and must repairRead More