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Tax Implications in Settling a Construction Defect Claim

Tax Implications in Settling a Construction Defect Claim

August 1, 2017

Have you thought about the tax implications in settling your construction defect claims? My clients often ask me whether the settlement or judgment money from their construction defect claim is taxable as income. The U.S. Tax Code defines income very broadly under 26 U.S. Sec. 61 and provides that “gross income means all income from […]

Protecting Your Credit

Protecting Your Credit

July 28, 2017
Posted in General News

In this era of identity theft, most consumers are aware of the importance of regularly reviewing their credit reports to ensure that no fraudulent accounts have been opened in their name.  However, there are many other factors that consumers might not necessarily be aware of,  that could affect their credit rating.  One of those factors […]

Supreme Court Rules That Former Employees Have No Right To Review Their Personnel Files

Supreme Court Rules That Former Employees Have No Right To Review Their Personnel Files

July 27, 2017
Posted in Employment Law

On June 20, 2017, the Pennsylvania Supreme Court settled the issue once and for all as to whether former employees are entitled to review their personnel files after their discharge. They are not. Pennsylvania’s Personnel Files Act (“Act”) controls access to employee personnel files. In the case of Thomas Jefferson University Hospital, Inc. v. Pennsylvania […]

Is Your Virtual Assistant Snooping On You?

Is Your Virtual Assistant Snooping On You?

July 27, 2017
Posted in General News

Today, technology has made it possible for us to carry around a personal assistant in our pockets or to have one in our homes ready to serve at our beck and call. With the use of a simple voice command such as “ok Google,” “hey Siri,” and “Alexa,” the virtual assistants can tell us the […]

Did the Legal Position of State-License Marijuana Growers Become More Hazy?: Tenth Circuit Opens Door for Private Right of Action Against Marijuana Growers

Did the Legal Position of State-License Marijuana Growers Become More Hazy?: Tenth Circuit Opens Door for Private Right of Action Against Marijuana Growers

July 20, 2017

Since medical marijuana was first legalized in California, in 1996, there has been a gradual easing of state marijuana laws, specifically states following California’s lead to legalize medical marijuana, the decriminalization of marijuana in a number of states, and the legalization of marijuana for recreational use in Alaska, California, Colorado, Maine, Massachusetts, Oregon and Washington. […]

Don’t Lose Your Construction Defect Case on a Legal Technicality

Don’t Lose Your Construction Defect Case on a Legal Technicality

July 6, 2017
Posted in Litigation

Are you contemplating a lawsuit, or have already filed a lawsuit, against a builder or contractor for shoddy or defective construction? Are you thinking about repairing or correcting the defective work before, or during, the lawsuit?  Are you aware that repairing or correcting the defective work without giving your contractor an opportunity to inspect the […]

Payment Clauses in Subcontracts

Payment Clauses in Subcontracts

June 30, 2017

If you are in the business of hiring subcontractors—or if you are a subcontractor yourself—you know how messy things can get when a project owner fails to pay a bill. Revenues drop, tensions flare, and each party is left wondering if and when they will ever be compensated for their work.  This sort of situation […]

Philadelphia Tax Abatements

Philadelphia Tax Abatements

June 28, 2017
Posted in Real Estate Law

If you are in the market to purchase residential, commercial, or industrial real estate in Philadelphia, or if you already own property in the city and are considering a renovation, you should understand the property tax abatements (“PTAs”) specific to Philadelphia. Many people, realtors included, believe that only new construction is eligible for a PTA. […]

Don’t Bogart that Medical Marijuana Permit: How to Respond to a Denial Notice

Don’t Bogart that Medical Marijuana Permit: How to Respond to a Denial Notice

June 20, 2017

Pennsylvania’s medical marijuana permit applicants know that there is stiff competition to obtain a coveted permit from the Pennsylvania Department of Health to dispense and/or grow/process marijuana.  With only 39 permits available throughout the Commonwealth (12 grow/process and 27 dispensing), over 500 applicants paid costly, nonrefundable application fees, completed stacks of paperwork about themselves and […]

What is an Earn Out in a Business Sale?

What is an Earn Out in a Business Sale?

June 2, 2017

Reaching a mutually acceptable purchase price can be difficult.  The seller and the potential buyer may disagree on the value of the business.  An Earn Out can resolve such a disagreement.  It enables the parties to hold different opinions on the business value, but agree on the terms of the transaction. An acquisition with an […]

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