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Until the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Tax Relief Act of 2010”) became law on December 17, 2010, the fate of a number of existing tax relief provisions were unclear. In the waning days of December 2010, it was widely believed that current tax provisions would be extended…

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An interesting federal appeals court case affirms an insurance coverage rule that all businesses that carry professional liability insurance should know. The case involved an accounting firm’s professional liability policy that started on July 1, 2008, which covered the firm in the event that it was held to be liable for, “an act or omission…

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On March 14, 2011, revisions to the U.S. Small Business Administration 8(a) Business Development Program become effective, marking the first time in 10 years that comprehensive changes will be made. The revisions include technical and substantive changes to ensure small businesses can properly compete and win federal government contracts. The revisions encompass changes to numerous…

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Mark T. Jensen, co-founder of Bowie & Jensen and head of the firm’s transaction department, gives tips for businesses struggling with loans Towson, MD: Mr. Jensen is a co-founder of Bowie & Jensen and leads the firm’s transactional department. He has received numerous legal awards and most recently was named to SmartCEO’s legal elite. As…

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Tony Hayward of BP, Mark Hurd, CEO of HP and William Weldon of Johnson & Johnson have been identified by Sydney Finkelstein, Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College, as the worst CEO’s of 2010. Professor Finkelstein found that they all share the “unfortunate combination of believing they’ve…

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