Buyer Beware: Avoiding the pitfalls of successor liability when purchasing a network

Over the last decade, our firm has represented hundreds of Dunkin’ franchisees who have expanded their networks through the purchase of existing restaurants. The vast majority of these acquisitions are transacted as purchases of tangible (e.g. furniture, fixtures, and equipment) and intangible (e.g. telephone numbers) assets, as opposed to the purchase of the stock or…

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New Jersey Tax Change

And for the record, the new federal tax reform law, which doubles the exemption from the federal estate tax for the next 8 years, after which the higher threshold sunsets. But in New Jersey, outgoing Governor Chris Christie succeeded in eliminating the state tax on inheritances completely back when he signed a tax overhaul bill…

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MA Retailers Push Tax Cut

In Massachusetts, one of the blue-est of blue states, it may be the ultimate longshot, but the Retailers Association of Massachusetts (RAM) is undeterred and moving forward with a ballot initiative to lower the state sales tax. Currently pegged at 6.25 percent, the state sales tax would drop to 5% effective January 2018 if the…

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No Break from Massachusetts Taxes

Pregnant or not, they’ll be no reasonable accommodation that costs Massachusetts its tax dollar! The state’s House of Representatives rejected the idea of a permanent weekend tax holiday when they passed and sent the Fiscal Year 2018 budget to the Senate. Representatives rejected a proposal to forego the sales tax every year on the third…

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