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Taxation
Louisiana Sales Tax on Rental Equipment Repair Parts & Materials
No Exclusion for Louisiana Sales Tax on Rental Equipment for Repair Parts and Materials In La. Rev. Rul. No 13-003, the Louisiana Department of Revenue addressed the question of whether parts and materials purchased by equipment lease or rental dealers to repair and maintain their lease or rental equipment are excluded from the payment of […]
- September 6, 2013
- By Allen & Gooch
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Emerging Companies and Start-ups
Business Incubators Offer Unique Opportunities to Entrepreneurs
Business incubators offer start-ups unique opportunities to develop in a community of entrepreneurs and mentors and share costs with community space.
- September 4, 2013
- By Allen & Gooch
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Estate Planning and Administration
Update Your Will: Reasons Why it May be Time to Revisit
Is it Time to Update Your Will? Here are some important reasons why you should revisit and update your old Last Will and Testament: Independent Administration. A big part of estate planning used to be “How to Avoid Probate” – that is, how to make sure that legal fees and court costs don’t eat up […]
- September 3, 2013
- By Allen & Gooch
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Construction Law
Contractors Beware: Negligent Professional Services Create Liability
UPDATE: THE LOUISIANA SUPREME COURT HAS REVERSED THE APPELLATE COURTS ON THIS ISSUE. CLICK HERE TO READ MORE. No Matter What Type of Entity You Choose, You Can Still be Personally Liable for Negligent Professional Services Limited Liability Companies (LLC’s) generally offer their members insulation from personal liability. This means that a court cannot order […]
- August 30, 2013
- By Emile Joseph
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Business Litigation
Securities Statute of Limitations Does Not Stop for Class Actions
Thinking about filing suit over some securities you purchased? You may want to move fast if you are waiting on class certification. Your claim may not be suspended while the case for class certification is pending. Second Circuit Rules on Securities Statute of Limitations This summer, the U.S. Second Circuit Court of Appeals made a […]
- August 28, 2013
- By Allen & Gooch
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Employment Law & Litigation
8 Areas Your Employee Policies & Procedure Handbook Should Address
Employers Should Revisit Their Employee Policies & Procedure Handbook to Comply With the Latest Labor Rulings With the National Labor Relations Board focusing more and more on employee policies & procedure handbooks, here are eight areas you should include to make sure your business is covered: 1. Employee Benefits –Describe the benefits that are given to the […]
- August 16, 2013
- By Allen & Gooch
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Maritime Casualty
5th Circuit Holds OCSLA and Louisiana Law Apply to Indemnity Dispute
In Ace Am. Ins. Co. v. M-I, L.L.C., 699 F.3d 826 (5th Cir. 2012), the Fifth Circuit recently applied the Outer Continental Shelf Lands Act (OCSLA) and Louisiana law to an indemnity provision of a Master Services Agreement (MSA). Indemnity Under Master Service Agreement In Ace, two companies—M-I, L.L.C. (M-I) and British Petroleum (BP)—entered into […]
- July 1, 2013
- By Allen & Gooch
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Emerging Companies and Start-ups
Five Legislative Reforms That May Impact Local Businesses
Legislation pending in Congress could have a substantial impact on business owners and it is important for local businesses to be aware of these potential changes. Some of these potential changes include: 1. Marketplace Fairness Act – Online Sales Tax This Act requires Internet retailers to take responsibility for collecting sales tax from each customer and […]
- June 19, 2013
- By Allen & Gooch
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Maritime Casualty
Texas Court Holds That Maritime Claims Are Removable To Federal Court
More Maritime Claims Are Removable in Texas Now Federal district courts have original jurisdiction over admiralty and maritime lawsuits (i.e. “admiralty jurisdiction”), but these suits typically cannot be removed from state to federal court. However, last month in Ryan v. Hercules Offshore, Inc., 945 F.Supp.2d 772 (S.D. Tex. May 13, 2013), the Southern District of Texas held that […]
- June 5, 2013
- By Allen & Gooch
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Business Litigation
Patents To Face New Frontiers And Increased Federal Regulations
Intellectual Property Exchange International The world’s first online exchange for patent rights is now online. Intellectual Property Exchange International (IPXI) allows owners of intellectual property rights to offer licensing through the exchange. The hope is to create greater price transparency and efficiency by opening up what has heretofore been limited to purely private negotiations and […]
- June 5, 2013
- By Clay Allen