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The Patient Protection and Affordable Care Act and its Effect on Franchising
The dominant issue in the U.S. political and media landscape heading into 2014 continues to be the implementation of the Patient Protection and Affordable Care Act (ACA) and its potential impact on the U.S. economy. Many consider the ACA to be a milestone in moving the American health care system toward greater efficiency, increased coverage and improved quality of care. Many others, however, remain concerned that the law will have detrimental consequences for individuals, employers and the health care industry. The ACA's reforms were designed to improve individuals' access to health insurance coverage and bolster the quality of products available ' particularly because, beginning in 2014, most individuals will be required to either purchase health insurance or pay a tax penalty. However, critics continue to voice concerns that individuals will not be able to keep their current health plans if they like them and argue that some provisions will have a detrimental impact on hiring practices, the prevalence of full-time employment and administrative costs, particularly among small businesses.
As the ACA continues to be implemented, franchisors and franchisees must be vigilant in understanding whether they are subject to the ACA's mandates, penalties and tax credits. The franchising industry must be sufficiently informed and prepared to manage the uncertainty surrounding both compliance requirements and costs. Navigating the ACA amidst myriad news reports, political talking points, commercials and editorials can be challenging at best. However, there are some clear knowns ' and unknowns ' that franchisors and franchisees must be aware of today in order to be prepared for tomorrow.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.