Company Law

It’s common to hear the phrase “substance above form,” particularly in the context of accounting and auditing. This phrase raises questions about why it’s so important for guaranteeing the accurate presentation of an entity’s financial statements. Financial statements should accurately represent the substance of transactions and provide useful information for Continue Reading

The New York Department of Labor (DOL) released the final updated regulations for the Worker Adjustment and Retraining Notification (NY WARN) Act at the end of June 2023. The amendments are now in effect and place substantial new obligations on companies that choose to carry out mass layoffs. WARN Act Continue Reading

Retrenchment is the official term for “downsizing” or “layoffs.” Retrenchments are typically the result of a company’s poor financial status and the need to reduce expenditures. One typical method of doing this is to eliminate jobs. Retrenchment, as a political concept, can refer to reducing a range of governmental spending Continue Reading

You undoubtedly already know how crucial contracts are to running a business, whether or not you’ve ever made one. However, it might be difficult to choose the right contract for you due to the abundance of options and the complicated terminology.For this reason, let’s quickly review one popular kind of Continue Reading

A contract outlining the rights and responsibilities of lenders, or classes of lenders, about the borrower and its assets It may contain clauses that outline who has the authority to declare defaults, foreclose on assets, offer waivers, and alter loan and security arrangements. This contract may also outline the distribution Continue Reading

Are you considering becoming a parent in Massachusetts and would like to know what parental leave choices are available to you? Knowing your rights and making wise decisions are essential to navigating through this crucial stage of life. Employers frequently offer paid time off for adoption, paternity, or pregnancy, but Continue Reading

For a newly appointed boss or company owner, managing a workforce may be a foreign experience. You, as the employer, require clarity regarding your obligations and those of your employees. Read the piece to find out. What is the duty of your organization to its workers? When an employee joins Continue Reading