When business owners begin thinking about selling their company, one of the first questions they ask is, “What is my business worth?” While there are several methods used to value a business, one of the most common—particularly for small and owner-operated companies—is Seller’s Discretionary Earnings (SDE). Seller’s Discretionary Earnings represents the true economic benefit a single owner receives from operating the business. It is different from the net income figure at the bottom of you...
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It’s the start of the new year, and for many contractors this means it is the start of the transportation contract bidding and renewal season. During this period, many contractors often seek clarity on legal requirements regarding school district Request for Proposals (RFPs), and the obligations of contractors responding to such RFPs.
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Winter is coming and unfortunately so are the weather related concerns that affect transportation. Snow and ice on the roof of moving vehicles is a safety hazard that can lead to injuries, citations, and fines. Contractors should be aware of Pennsylvania laws requiring the removal of snow and ice from the roof of moving vehicles. “Christine’s Law” was enacted in 2022 as a result of Christine Lambert’s death from dislodged ice that fell like a projectile from a moving vehicle in 2005. Pursuan...
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Everyone knows that immigration has been a top priority for the Trump Administration. Recent developments out of Washington D.C. signify a tightening of federal oversight of commercial learner’s permits (CLPs) and commercial driver’s licenses (CDLs) issued to individuals domiciled outside of the United States. For employers in the transportation industry, a new interim final rule proposed by the Federal Motor Carrier Safety Administration (“FMCSA”) will have an effect on employees holding a ...
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Often, transportation contracts specify that school districts have the responsibility to establish bus stops. This is typically done in consultation with the school transportation provider; however, the school district usually has the final say on the bus stop location. As contractors know, it is not uncommon for the transportation contractor or the school district to receive complaints about the location of bus stops from parents or students.
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A Certified Safety Committee is a group of management and employee staff that work to identify workplace hazards and risks and implement solutions aimed at removing or minimizing the likelihood of injury or loss.
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Committees are a critical component of every non-profit’s ability to get work done, achieve goals, and develop future leaders. The bylaws of all non-profits should identify the Standing Committees” that form the non-profit’s functional foundation. The bylaws should also have a process for establishing additional “Variable Committees” to address issues and needs that are equally important, but not necessarily foundational. Finally, the bylaws should also empower committees to establish “Sub...
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