Benzinga

FEBRUARY 8, 2023

Establishes pet food retail platform with leading dog and cat food brands Compelling entry point into the attractive and growing pet food category Immediately accretive to Post's cash flow excluding one-time transaction costs ST. Financial Details Post will acquire the Pet Food Business for $1.2 LOUIS, Feb.

Net Present Value 40

Net Present Value EBITDA Capital Structure 40

Benzinga

JANUARY 24, 2024

The company manufactures screw conveyors, screw feeders, slide gates, and bucket elevators for process industries, including the food, chemicals, and wood industries. To listen to the call and view the webcast, go to the "Investors" section. KWS is a leading manufacturer of conveying equipment for the bulk material handling industry.

Finance 45

Finance Marketability 45

ThomsonReuters

APRIL 29, 2021

The IRS has issued a notice clarifying when business expenses for purchasing restaurant food or beverages will qualify for waiver of the 50% deduction limit. Ordinarily, Code § 274(n) limits otherwise allowable deductions for food or beverage expenses to 50% of the expenses, subject to various exceptions. Available at [link].

52

52

ThomsonReuters

MAY 12, 2022

CMS has updated its COVID-19 vaccine toolkit to describe the COVID-19 vaccines and boosters currently authorized or approved by the Food and Drug Administration (FDA). For more information, see EBIA’s Group Health Plan Mandates manual at Section XVI.C Available at [link]. 11 (“Coverage Mandates Relating to the COVID-19 Pandemic”).

52

52

ThomsonReuters

MARCH 23, 2023

The FAQs also explain the circumstances under which the cost of food or beverages purchased for weight loss or other health reasons will qualify as medical expenses, and that the cost of non-prescription drugs can be paid or reimbursed by a health FSA, HSA, or HRA even though these items (except for insulin) are not deductible under Code § 213.

98

98

ThomsonReuters

NOVEMBER 18, 2021

The IRS has issued guidance clarifying how the temporary 100% business expense deduction for food or beverages from restaurants applies to the meal portion of per diem rates and allowances. As background, Code § 274(n) generally limits otherwise allowable deductions for food or beverage expenses to 50% of the expenses.

52

52

ThomsonReuters

JANUARY 28, 2021

For more information, see EBIA’s Health Care Reform manual at Section XXI.E.3.a See also EBIA’s ERISA Compliance manual at Section IX.I (“Eligibility Issues Involving Independent Contractors, Leased Employees, and Others”); EBIA’s Cafeteria Plans manual at Section IX (“Who Can Participate in a Cafeteria Plan?”)

Compliance 98

Compliance 98

Farrel Fritz

NOVEMBER 14, 2022

Food trucks have become as ubiquitous on the streets of Manhattan as pigeons in Central Park. Unsurprisingly, the New York City food truck business is highly regulated, requiring licensure of those participating in the enterprise. The decision, Bakr v Shaker (Decision and Order [Sup Ct, NY County Oct.

Equity 52

Equity 52

Harvard Corporate Governance

NOVEMBER 23, 2022

Some commentators also referred to the SEC’s role as it pertains to privately-held entities within a registrant’s supply chain (see the American Securities Association and International Dairy Foods Association ). removing the materiality threshold). In contrast, over 200 comments reflected support for a narrower requirement.

Banking 186

Banking Finance Corporate Finance Accounting Firms 186

Farrel Fritz

JANUARY 16, 2024

An Unusual Intersection of LLC Law Sections 509 and 608 In Matter of Piepes v Arshravan , an LLC formed to organize and run food festivals had two 50/50 members, one of whom subsequently died in a car accident. Wrote the court: Section 509 appears to put a stop sign upon “withdrawal of a member.”

Banking 59

Banking 59

ThomsonReuters

DECEMBER 22, 2020

The Act temporarily amends Code § 274(n) to remove the 50% limit on deductions for business meals if the expense is for food or beverages provided by a restaurant and the expense is paid or incurred after December 31, 2020, and before January 1, 2023. Contributing Editors: EBIA Staff. Thanks to attorney John R.

Compliance 90

Compliance 90

Reynolds Holding

APRIL 10, 2023

If you have a pet, you may wonder why pet-food prices have increased so much recently, 15.1 1 A recent complaint filed with the Justice Department suggests one potential reason: interlocking directorates between PetSmart and Chewy, major retailers of pet food in the U.S. ENDNOTES Pet food prices are rising.

Marketability 78

Marketability Banking Finance Technology 78

ABI

JANUARY 28, 2024

17] Berley did not possess the rights that had not been pursued, and thus, the termination of the option would not have been a “transfer” under section 548(a)(1)(B) of the Bankruptcy Code. [18] Failure to exercise an abandoned right may not necessarily result in a transfer that can be avoided under section 548 of the Bankruptcy Code. [1]

40

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ThomsonReuters

OCTOBER 21, 2021

Local 464A United Food and Commercial Workers Union Welfare Serv. Kindred Hosps. East, L.L.C. Benefit Fund, 2021 WL 4452495 (D. Available at [link]. A long-term acute care facility sued a welfare benefits fund after the fund denied coverage for a participant’s care and treatment at the facility because it was “non-covered.”

Marketability 52

Marketability 52

Reynolds Holding

JUNE 20, 2022

6] The Court expressly declined to decide, however, whether “‘supervision of cargo loading alone would suffice’ to exempt a class of workers under [Section] 1” or whether the FAA applies to classes of workers whose duties are “further removed from the channels of interstate commerce or the actual crossing of borders.” [7]. BACKGROUND.

45

45

Peak Business Valuation

NOVEMBER 15, 2023

In the following section, we delve into some of the typical companies that need a machinery and equipment appraisal. Food and Hospitality Equipment Businesses in the food and hospitality industry, such as restaurants, often find equipment appraisals indispensable. Keep in mind that this list is not exhaustive.

Appraisal 52

Appraisal Business Valuation Finance Marketability 52

Cooley M&A

AUGUST 7, 2018

The plaintiffs used a Delaware General Corporation Law Section 220 books-and-records demand and then Section 220 litigation to seek and obtain board minutes and emails with the founder’s counsel that the plaintiffs then used as evidence in the post-closing fiduciary duty case.

Equity 52

Equity Marketability 52

Reynolds Holding

OCTOBER 12, 2022

Plaintiffs claimed the board breached its duties by not ensuring that they were informed about either detected deficiency in the firm’s food safety systems or detected food safety problems (e.g., In addition, there was no evidence in the board minutes that the board regularly discussed food safety. [8]. Section 220 Litig.,

Compliance 72

Compliance Marketability 72

ABI

JANUARY 19, 2024

1] In 2007, Impax Labs (“Impax”) decided to market its own generic version of Opana ER after certifying to the Food and Drug Administration that Impax would not infringe upon Endo’s patent, which Impax asserted was invalid. [2] 6] The district court, however, dismissed the action for failure to state a claim. [7]

Marketability 40

Marketability 40

ThomsonReuters

JUNE 22, 2021

Starting July 1, 2021, the minimum wage for fast food workers increases to $15.00 There are two New York City laws that will take effect on July 1, 2021 that will have an impact on fast food employees, specifically in the areas of discharge, scheduling, and hiring. California. per hour in areas outside of New York City. per hour. .

Treasury 72

Treasury Start-ups Technology 72

ThomsonReuters

AUGUST 5, 2021

Section 45B credit. . The IRS has received questions regarding whether an employer may claim the ERC and Section 45B credit on the same wages. 3134(e) and Section 2301(e) of the CARES Act, an?employer’s 3121(a) and Code Sec. 3231(e), and therefore may be treated as qualified wages if all other requirements are satisfied.

Treasury 52

Treasury 52

ABI

JANUARY 13, 2021

i] Section 1102 of the CARES Act allows parties to apply for loans under the Paycheck Protection Program (“PPP”), which may be forgiven under certain circumstances. [ii] viii] The court considered two of the claims in the complaint: a claim under the Administrative Procedure Act (“APA”) and a claim under 11 U.S.C § 525 (“Section 525”).

40

40

Harvard Corporate Governance

FEBRUARY 7, 2023

Effective August 1, 2022, Section 102(b)(7) of the Delaware General Corporation Law was amended to allow Delaware corporations to adopt exculpatory language in their certificates of incorporation limiting the personal liability of both directors and officers, including the president, CEO, COO, CFO, and CLO, among others.

211

211

Musings on Markets

JULY 22, 2021

Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for clues by a number of other online ventures in India, waiting in the wings to go public.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Peak Business Valuation

DECEMBER 16, 2022

In the subsequent sections, we present a few key value drivers for bars and nightclubs. Fluctuations in the cost of alcohol, food, and other items significantly affect revenue and profit. If you are looking to buy , sell, or grow a bar or nightclub it is important to understand what drives the value of a bar or nightclub. .

Business Valuation 52

Business Valuation Fair Market Value Appraisal Marketability 52

Viking Mergers

FEBRUARY 27, 2023

Starting with the 2022 tax year, you can deduct up to $1,080,000 for depreciation under the Section 179 deduction. Charitable Contributions If your business donates money, supplies, property, or food or makes another contribution to a qualifying charitable organization, it can deduct a portion of those contributions on its taxes.

Start-ups 130

Start-ups Banking Marketability Technology 130

Peak Business Valuation

SEPTEMBER 27, 2023

This often includes providing food, beverage, recreational, and other additional services. The following sections discuss SDE , EBITDA, and REV multiples for a hotel or motel. Hotels and motels provide temporary housing for domestic and international travelers. The range of value may vary since each hotel or motel is different.

Business Valuation 52

Business Valuation EBITDA Appraisal Fair Market Value 52

Peak Business Valuation

JULY 28, 2023

Many establishments in the bar and nightclub industry also serve food and nonalcoholic beverages. In the following sections, we share a range of valuation multiples that bars and nightclubs often transact at. Bars and nightclubs primarily provide alcoholic beverages to consumers. Each bar and nightclub is unique.

Business Valuation 52

Business Valuation EBITDA Fair Market Value Appraisal 52

Chris Mercer

DECEMBER 14, 2022

I had a pulled groin muscle (4 days), a bout with food poisoning (2 days), one bad attitude day, and a case of some non-covid thing that almost completely sapped my energy for nine days. This next section borrows from a previous post, but it bears repeating. Three years is 1096 days. million steps. 6,700 miles. That is gratifying.

Start-ups 52

Start-ups Business Valuation 52

Reynolds Holding

FEBRUARY 6, 2023

Barnhill , the Delaware Supreme Court held that the plaintiff had pled facts supporting a reasonable inference that the directors of an ice cream company had “consciously failed to attempt to assure a reasonable information and reporting system existed” [9] to enable directors to monitor the company’s compliance with food safety laws.

Compliance 58

Compliance Technology 58

Farrel Fritz

SEPTEMBER 11, 2023

Earlier this year, using as a springboard the Maryland intermediate appellate court’s decision in Eastland Food Corp. All in all, not materially different from the duties of directors set forth in Section 717(a) of New York’s Business Corporation Law. v Mekhaya , I posted about a topic on which there’s little or no New York law, viz.,

Dividends 59

Dividends Equity 59

Farrel Fritz

DECEMBER 26, 2023

Andris v 1376 Forest Realty, LLC Section 702 of the LLC Law expressly confers standing to seek judicial dissolution on members. Section 608 provides that a deceased member’s executor “may exercise all of the member’s rights for the purpose of settling his or her estate.” Eastland Food Corp. Case dismissed.

Start-ups 59

Start-ups Equity 59

ThomsonReuters

JUNE 6, 2022

The form consists of sixteen sections covering but not limited to the analysis of revenue and expenses, balance sheets, analysis of changes in net assets or fund balance, investment income reporting, and excise tax calculation. That number amounted to almost 90 percent of his fortune. Form 990-PF and Form 990-PF Instructions.

Start-ups 97

Start-ups Compliance Equity 97

Brian DeChesare

MARCH 2, 2022

Here’s an example from Goldman Sachs that sums up off-cycle internships in Europe quite well: Credit Suisse also has a section about off-cycle internships on its site , as do many other large banks. If you already have healthy Vitamin D levels from sunlight and food, you don’t need supplements.

Banking 59

Banking Start-ups Finance Equity 59

Musings on Markets

AUGUST 25, 2023

In fact, you can still view the Steelers as a business, and value them as such, but as we will argue in this section, that number will bear little resemblance to the $4 billion pricing that Forbes attached to the team. billion, with current profitability, $2.7 billion, if you give them Dallas Cowboy level margins (the highest in the NFL).

Start-ups 92

Start-ups Dividends Marketability Finance 92

Musings on Markets

MAY 6, 2022

Consumers are over adjusting : The big inflation surges have happened in gasoline, food and housing, all items that consumers use on a continuous basis, and it is possible that they are over reacting and adjusting expected inflation up too much, as a consequence.

Risk Premium 92

Risk Premium Treasury Start-ups Equity 92

Reynolds Holding

FEBRUARY 23, 2023

In this role, I’m responsible for overseeing the more than 200 prosecutors in the division’s Fraud Section and Appellate Section – both of which play a critical role in the department’s fight against economic crimes. The section also entered a total of seven corporate resolutions, resulting in global monetary penalties of over $2.3

Compliance 45

Compliance Marketability Start-ups Banking 45