Transactions involving the disposition of partnership property or partnership interests can trigger rules that limit business interest expense deductions. Section 163(j) of the Internal Revenue Code generally...
Interested in knowing what other partners are saying about how commercial lease agreements are evolving? Access exclusive market intelligence about private commercial lease agreements, as only told by...
The seller usually wants assurances that a buyer will be able to fund an acquisition at the closing, particularly if the closing is subject to a lengthy interim period between signing and closing. If a...
A company that receives a warning letter from the Food and Drug Administration (FDA) is on FDA's radar screen. In addition to responding appropriately to any actual or potential violations indicated...
We just added Arbitration Q&A content to Practical Guidance’s State Law Comparison Tool! Compare state laws on arbitration both pre-dispute and once a dispute arises across five key arbitration...
Some employees stay a short while, others longer. Sometimes they leave and return. How do you count service, for eligibility and vesting, where a break in service occurs? Service counting, for vesting in employer contributions, like a 401(k) match, is important in administering a qualified plan, but employees may have to stay a minimum, like three years, to be vested. A plan can disregard an employee's service before a break in service if the employee has no vested interest in any benefit under the plan and the rule of parity applies. Under that rule, a rehired employee's prior service is disregarded if the employee's breaks in service exceed either the number of years of service the rehired employee had prior to the breaks, or five years—whichever is greater.
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