With the sunsetting of favorable personal and corporate tax rates and the gift and estate tax exemptions at the end of 2025, business owners may be considering if it is a right time to sell their businesses. If you are a business owner who has determined to sell your business, this article will help highlight for you what you to expect generally in terms of the sales process, timeline and documentation. See the illustrations in Figure 1 below.
Starting the Process
The process of selling your business begins with the seller assembling his or her deal team, which will ...
In late July, Gunster partnered with the Education Foundation of Palm Beach County to build backpacks to help ensure local Palm Beach County students and teachers have access to essential supplies to engage in fun learning opportunities and develop habits for a successful 2023-24 academic year. The firm understands the constitutive role of a robust public education in developing and fostering local communities, and is proud to support the Education Foundation in its mission to enhance the educational opportunities that are available within the School District.
In under 90 ...
Lia Thomas, the first openly transgender athlete to win an NCAA title, set the internet ablaze last year after winning an NCAA Division I women’s swimming championship. The controversy sparked a conversation regarding gender identity, fairness, and inclusion in school athletics. The athletics conversation is such a hot button issue that when the Department of Education issued its proposed Title IX regulations in July 2022, the agency stated that it would address athletics in a separate proposed rule.
In a recent publication, the Department of Education released a notice of ...
On January 19, 2023, Gunster's Labor & Employment group hosted the "Future of Work in Florida" event, presenting the latest research on practices that high-performing organizations are implementing to attract and retain the best employees. EEOC Commissioner Keith Sonderling and Gunster Shareholder Joe Santoro kicked off the program with an insightful conversation highlighting the post-Pandemic shift the labor market has seen, followed by an interactive workshop and discussion featuring Jay Jamrog, Futurist & Co-Founder of i4cp, and a dynamic presentation by Former U.S ...
On January 5, the Federal Trade Commission (FTC) proposed a new rule that would prohibit the use of non-competition agreements nationwide. Employers commonly require employees to sign non-competes that prohibit an employee from working for a competitor within a particular geographic area for a specified time period after their employment ends. The FTC estimates that 1 in 5 American workers are bound by a non-compete, so this rule would impact approximately 30 million people if enacted.
The proposed rule requires employers to notify employees currently bound by a non-compete that ...
On July 12, 2022, the Department of Education issued a notice of proposed rulemaking for the Title IX regulations. This means that the Department is proposing amendments to the regulations that address sex discrimination in educational institutions that receive federal financial assistance, including many private schools.
The proposed regulations would drastically change some of Title IX’s regulations. Below is a brief summary of the most notable proposed regulation changes. Please note that these are simply proposed regulations; the final version may differ from the ...
Landlords of multi-family apartment buildings in Florida now have new legal obligations under “Miya’s Law.” The law, Senate Bill 898, creates a new Florida statute requiring landlords to conduct background screening on employees and develop policies governing the possession of keys. The law was passed in response to the tragic murder of Miya Marcano, an Orlando-area college student killed by a maintenance worker who had a master key fob for her apartment building.
Miya’s Law requires that landlords use a third-party consumer reporting agency to conduct a background ...
On April 28, 2022, Gunster attorneys Joe Jacquot and Asghar Syed led a panel discussion on Florida’s judicial appointment process, hosted by the Jacksonville Bar Association and the Jacksonville Chamber of the Federalist Society. The program aimed to dispel myths regarding the JNC and Governor’s appointment approach, share practical tips and details of the process, and inspire prospective candidates to apply.
Joe Jacquot moderated a discussion between Ray Treadwell, Chief Deputy General Counsel for Governor DeSantis; Robert Harris, Chairman of the 4th Circuit Judicial ...
The 2020 Title IX final regulations were a complex and novel addition to the education landscape. Educational institutions worked quickly–during a global pandemic–to bring their policies and procedures into compliance with the new regulations.
In retrospect, the 2020-2021 year provided several lessons that institutions can use to limit their exposure to liability under Title IX:
- Procedure is paramount.
One of the most important Title IX lessons is that your Title IX policy can “make or break” your institution. A well-written policy is essential to avoiding the ...
On November 3, 2021, Gunster, one of Florida’s oldest and largest full-service business law firms, held the inaugural “Listening to Leaders” program featuring Orange County Mayor Jerry L. Demings.
Derek E. Bruce, Gunster Orlando office managing shareholder, and Ronald A. Brisé, who chairs the firm’s Government Affairs & Lobbying practice, hosted the program. Mayor Demings’ presentation focused on a number of timely topics, including surviving and thriving economically despite the pandemic; the diversification of Central Florida’s economy; affordable ...
