Of Interest
LLC Partner Stalemate and “Getting Divorced” Threats – Demands and the Unsavory Results
Alfie and Bruce went to college together and graduated in business management. Believing they could make it on their own they formed an LLC to create a hip clothing store, each owning and managing the store 50/50. As is typical, Alfie and Bruce being best of friends and not wanting to hire an attorney, either did not have a partnership agreement (operating agreement) or used a template off of the internet. As oftentimes occurs, things started off well — but after a year Alfie and Bruce wer...
CAM Charges in Leases – Don’t Get Ripped Off!
Most commercial leases are triple net leases whereby tenants are expected to pay for real estate taxes, building insurance and common area and maintenance (CAM) expenses in addition to rent and utilities. CAM charges should be carefully negotiated and delineated in the lease. A landlord will usually try to draft a lease to allow for the immediate pass-through of all costs incurred in its ownership of the property. CAM clauses in leases have become so broad that CAM charges can ap...
DC Paid Leave Act Now in Effect
The District of Columbia City Council recently passed the Universal Paid Leave Amendment Act of 2016 (Bill 21-415) (“Bill”). The Mayor did not veto the Bill allowing it to become law unless overturned by both Houses of the Congress within 30 legislative days which either is in session. The Bill provides a mandatory paid leave system for anyone who is employed in the District of Columbia. The Bill requires employers to provide paid leave when an employee: Has a newborn child (2 months...
Navigating DC’S “CBE” Preference Program for Contractors
Establishing a successful small business in today’s economy can be a challenge. The District of Columbia offers a program that can be a boon to any small business wishing to secure work with District agencies: the Certified Business Enterprise (“CBE”) program. The CBE program’s history dates back to the mid-1970’s and is now monitored by the District of Columbia Department of Small and Local Business Development (“DSLBD”). Businesses which qualify as CBEs are awarded “preference ...