Legal News

Companies with a history of consistent revenue growth and adjusted EBITDA make attractive acquisition targets for strategic and private equity buyers. Unlike a strategic buyer, which may have on hand a management team capable of operating a target company after the purchase, private equity buyers often focus on buying growing profitable companies with excellent management teams whom the fund wants to keep in place to operate the target after the purchase....By: Williams Mullen

In just about every way, the world turned upside down in 2020. Deals were no exception. Whether it was incorporating a PPP payoff or forgiveness into deal terms, drafting MAE, interim operating covenants and working capital terms in this new environment, representations and warranties insurance coverage and business interruption or event cancellation insurance claims, we’ve seen first-hand how COVID-19 has affected transactions....By: Williams Mullen

Corporate Partner Dave Dallas provides executives with a concise and creative list of suggestions and key considerations to help guide their businesses’ COVID-19 recovery planning....By: Williams Mullen

Corporate attorney Carrie Stanton provides several suggestions on what companies can do to make contract negotiations more efficient while also addressing priorities and concerns. Topics include: • Contract templates • Decision matrices • Priority contract provisions • Education of your internal and external team on the process and forms...By: Williams Mullen

By now, most small business owners and their lenders are acutely aware of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted to provide emergency assistance and health care response for individuals and businesses impacted by the COVID-19 pandemic. Among its many provisions, the CARES Act established the Paycheck Protection Program (PPP) to be administered by the U.S. Small Business Administration (SBA), and modified SBA’s pre-existing Economic Injury Disaster Loan (EIDL...

On April 12, 2020, Governor Northam signed a series of bills related to the non-payment of wages. New changes to Virginia’s wage payment laws significantly increase potential penalties against employers who fail to properly pay employees wages, and the laws also stack additional burdens on general contractors to ensure that their subcontractors are adhering to the law....By: Williams Mullen

Do you often find yourself amid transactions that require a decision to sell a business to a private equity or other strategic buyer who are offering different consideration packages? Are you aware of the creative tax structures that can be...By: Williams Mullen

Amid widespread business disruptions and economic uncertainty caused by the COVID-19 pandemic, many companies are reviewing, re-evaluating and even terminating outright proposed mergers and acquisitions (M&A) agreements. The recent dispute involving...By: Williams Mullen

The IRS has released 26 CFR Part 1, resolving questions regarding the five-year period to claim rehabilitation credits for qualified rehabilitation buildings (QRBs).  Prior to the proposed regulation, practitioners were unclear on the special rules...By: Williams Mullen

This year there were a number of significant legislative changes to the Virginia Stock Corporation Act (“VSCA”) and the Virginia Limited Liability Company Act. Part I discusses certain statutory changes related to Virginia Corporations. Part II...By: Williams Mullen