Steve Schram and Reed Sexter recently closed a transaction involving the sale of a Rockville, Maryland based technology-related company to an affiliate of a publicly traded company. The $12 million transaction (possibly $30 million) spanned many months, involved a large number of principals and lawyers on both sides, presented many challenges, and required creative thinking to work...
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On deeds to commercial property, the District of Columbia imposes transfer and recordation taxes totaling 2.9% of the consideration, unless the transaction is exempt (e.g., a transfer from one spouse to another). There is no exemption for a trustee’s deed given after a foreclosure. For example, if commercial real estate is auctioned at foreclosure and the winning bid is $1,...
Is it important to form a legal entity for my medical practice?
Recently John Bergin and Alexis Lockshin attended the PWC-DC’s 2nd Annual "Meet the Construction Chiefs" event where four of DC’s top construction industry leaders shared their insights on the current status and future of the DC construction industry. The discussion included: upcoming opportunities; the impact of the economic downturn; new and emerging trends in technology,...