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Federal Healthcare Employer Mandate Delayed: Now What?
With a one-year reprieve from the implementation of the employer mandate under the Affordable Healthcare Act (ACA; www.healthcare.gov/law), announced by the Obama Administration in early July, franchisees and small franchisors can breathe a sigh of relief. Over the next few months, they will not have to determine if they are covered by the employer mandate, select an insurance plan, and figure out which employees are covered ' nor will they have to set aside funds to pay penalties if they choose not to offer insurance. The delay was first announced by Mark Mazur, assistant treasury secretary for tax policy, on his blog on July 2 (see, “Continuing to Implement the ACA in a Careful, Thoughtful Manner,” Treasury Notes, and then formally announced by the IRS on July 9 'see, “Affordable Care Act Tax Provisions,” IRS.gov). However, the one-year delay is not a repeal of ACA, so the question for business owners is how can they use the upcoming year most effectively to prepare for the law.
Attorneys and employee-benefits experts say that the delay will have positive effects for business owners, but they caution that the time should not be wasted. “For small-business owners, such as franchisees, the delayed implementation of the employer mandate is good news,” says Stephanie Vasconcellos, an associate with Neal Gerber & Eisenberg in Chicago. “It gives them time to implement systems for tracking employees and hours and to research how to purchase cost-effective health insurance for full-time employees.”
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.