Yearly Archives: 2006
Latin Lovers
The term “bona fide” crops up throughout the legal profession, and most of us probably have some sense of what the term means. However, more often than not, the term “bona fide” is used improperly or ambiguously. Literally, bona fide means simply “good faith.“ … Continue reading
The Covenant Not to Compete– Too Much of a Good Thing?
In a recent decision US District Judge Stewart B. Dalzell ruled on a covenant not to compete of an employer in Telford, PA. (Fresco Systems USA, Inc. v. Bodell). Fresco, which supplies packaging supplies for companies that roast and package coffee, enters into written… Continue reading
Relief from the Automatic Stay for Residential Leases
Past issue we ran an article noting some of the major changes under the United States bankruptcy law. On October 17, 2005, the majority of the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect. In this article, we will… Continue reading
Katrina Kills Estate Tax and Pension Legislation
The repeal of the federal estate tax and the enactment of substantial pension reform legislation was scheduled to be voted on by the Senate on October 7, 2005. However, Hurricane Katrina blew in a couple of days before the vote. Leaders of the Senate… Continue reading
Employee Policy Manuals
Owners of small businesses often ask whether they should have an employee policy manual or “handbook.” The potential benefits of a well-written employee handbook are many. While there is no law that swners of small businesses often ask whether they should have an… Continue reading
2005 Form 1040: Automatic 6-Month Extension
Individuals filing Form 1040 will no longer be required to file one form for an automatic four-month extension and a second form for an additional two-month extension. Rather, the IRS has revised the extension procedures beginning with the 2005 returns due to be filed… Continue reading
Queen’s English: Who/Whom – – A Useful
We have but a nanosecond to decide whether to use who or whom in conversation. From “A Grammar Book For You and I – – Oops Me” (a very comprehensive, not too ponderous, guide, incidentally) here is a useful device (the book calls it… Continue reading
Closing In On Ten Years
It is hard for us to believe, but this issue marks the final issue of our tenth year of publishing the BBC&B Law Update. In the beginning we weren’t sure how the Law Update would be received, but readership and client response over the years… Continue reading
Series Limited Liability Companies
Since the late 1980s, when the State of Wyoming adopted this country’s first limited liability company statute, limited liability companies have become more and more common in the business world. A limited liability company is a hybrid entity that has attributes of both corporations and… Continue reading
Trust
All occupations seem to invent their own special terminology and certainly lawyers are no exception. Too often our documents tend to confuse because we use terms which are not understood and often intimidate. Our goal is to write in a manner that can be understood… Continue reading