Small business owners and entrepreneurs may not believe their little enterprise warrants a succession plan, but when people start asking basic transition questions regarding your eventual exit, the need for a succession plan becomes acutely necessary. The sooner, the...
One of the biggest fears employers have is a star employee leaving the job after they learned all of the business’ secrets and taking customers and business away to their next position. While this situation cannot always be prevented, having a few key written...
Are you a manufacturer and/or brand owner seeking solutions for near-term revenue growth? We advise our clients that a viable solution for small and mid-sized companies in the ASEAN, China, the EU, and the USA is accessing new customers in Latin America and the Caribbean. Also, we advise our clients not to repeat the same age-old mistake of entering the…
The economic crisis caused by the pandemic and the flurry of M&A activity have made many owners think about selling. The decision to sell is a major undertaking and one not to be taken lightly. Unfortunately, many businesses do not successfully make the transition to a new owner. That is why business owners need to educate themselves on the road…
In the recent course of my practice, it has come to my attention that there are small to midsized co-packers and online retailers of e-liquid vaping products in the U.S. that are still unaware that a co-packer/retailer could be treated as a “manufacturer” under the Family Smoking Prevention and Tobacco Control Act (the “Tobacco Control Act”). Although, to some, the…
On April 19, 2021, the U.S. Postal Service released guidance for the e-cigarette and vaping industry that offers a glimpse of some of the current and future logistical challenges. The release is titled “Treatment of E-Cigarettes in the Mail.” While the title mentions e-cigarettes these concepts and future rules will apply much more broadly to include: CBD and hemp products…
April 12, 2021 Proposed Bill Seeks to Counter China’s Global Competition Ambitions In directing the U.S. government to adopt a policy of “strategic competition” with China and the protection and promotion of “vital interests and values” of the United States, a new bipartisan bill, the Strategic Competition Act of 2021 was introduced in the US. Senate on April 8, 2021. …
Companies are facing increased scrutiny of their use of biometric data — such as fingerprint scans, facial recognition, and voice recognition to name a few. In the past two years in particular, the number of biometric privacy class action lawsuits filed in the U.S. has skyrocketed. Many of these lawsuits have been brought under the Biometric Information Privacy Act (BIPA)…
Small and mid-sized manufacturers and brand owners of consumer-packaged goods are seeking to quickly regain the levels of performance they experienced pre-COVID-19. But retail consumer markets across the globe are in the throes of an economic downturn caused by the coronavirus pandemic, the recovery from which may take years. YK Law’s clients cannot wait for markets to recover fully. They are…
Now that M&A activity has picked up from the worst of the pandemic lows in 2020 more buyers and sellers are looking to do deals. Buyers can now examine targets through the lens of an economic downturn to see how the business fared. Regardless of COVID-19, buyers seem to think that nothing could go wrong when buying a business. Overconfidence…