SMGG Blog

Section 280E of the Internal Revenue Code: Planning for Taxation of Medical Marijuana Businesses

October 19, 2016

NOTHING IN THIS DOCUMENT IS INTENDED OR SHALL BE CONSTRUED AS ADVICE TO PARTICIPATE IN, OR COUNSEL WITH RESPECT TO, CRIMINAL OR FRAUDULENT ACTIVITIES.  POSSESSION, DISTRIBUTION AND SALE OF MARIJUANA IS A SERIOUS CRIME UNDER FEDERAL LAW (AS IS TAX... Read more

Do you have a Family Limited Partnership or Family LLC? New IRS Regulations May Matter to You!

October 18, 2016

Back in the 1980s, if a business owner wanted to transfer her business to her children at a reduced tax cost, she might start with a C corporation and recapitalize it. She would keep a class of preferred stock that entitled her to receive most of... Read more

They’re (ALMOST) Here! New Overtime Rules Take Effect December 1st

October 17, 2016

As we’ve all heard by now, come December 1, 2016, salaried (that is, exempt) administrative, professional, or executive employees who make less than $47,476, become entitled to overtime. Many employers are... Read more

Pennsylvania Supreme Court to Review Franchisor as Possible Statutory Employer

October 17, 2016
By Scott Fellmeth
Posted in Employer-Employee Relations

The Pennsylvania Supreme Court has recently agreed to hear the appeal of Saladworks, LLC v. W.C.A.B. (Gaudioso), 124 A.3d 790, 791 (Pa. Commw. 2015), reargument denied (Nov. 23, 2015), appeal granted, 135 A.3d 1016 (Pa.... Read more

What Should I Buy (or Sell)?

October 13, 2016

Asset v. Stock Transactions So - you want to buy a business that you have been looking at for some time - or - you have decided to sell your business - what structure is right for the... Read more

Have you limited your liability today?

October 7, 2016

You have just finished negotiating the key terms of a new business venture.  The last thing either party wants to discuss are the potential risks of the venture not being successful. Although unpleasant, addressing the risks associated with a... Read more

Feds Refuse to Reclassify Marijuana

September 26, 2016

The Federal Government recently announced its refusal to reclassify marijuana from its current designation as a Schedule I drug alongside heroin and LSD, under the Controlled Substances Act.  Schedule I drugs are defined as those with “no... Read more

Is Most of Your Business Connected Through Your Website?

September 20, 2016

Then you need to think about your Terms of Service, Privacy Policy and Endorsements. Many businesses are almost exclusively run through a website.  As a business owner you may have already thought about the legal issues... Read more

Beware the Unintended Binding Term Sheet

September 12, 2016

Term sheets and letters of intent are often used by parties to set out the key terms agreed to in principle prior to entering into negotiations of a more formal and final agreement. Although rarely used as the final all-inclusive agreement, a term... Read more

Expungements in Pennsylvania

August 23, 2016
By John Scialabba

In Pennsylvania there is the opportunity to have a criminal arrest record expunged where the case has not resulted in conviction, including, but not limited to, charges that were resolved by acquittal, dismissal, withdrawal, or nolle prosse.... Read more