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Proposed Rule From the FTC Would Ban Non-Compete Agreements in Most Circumstances
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Proposed Rule From the FTC Would Ban Non-Compete Agreements in Most Circumstances

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Currently, the general test for determining whether a non-compete agreement is enforceable depends on several factors, including (1) whether the agreement protects a legitimate business interest; (2) whether the time limitation is reasonable; (3) whether the geographic limitation is reasonable; and (4) whether the worker receives some tangible benefit for signing the agreement. In Maine,…

Family Business Succession: The Importance of Having a Plan

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By Rudman Winchell Attorney Jonathan P. Hunter Although the idea of the family business is firmly rooted in American culture, the survival rate for family businesses in America is startlingly low. Less than a third of family-owned businesses survive into the second generation. Twelve percent of family businesses make it to the third generation. Only…

Navigating Tax Advantages for Your Maine Cannabis Business

Navigating Tax Advantages for Your Maine Cannabis Business

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If you’re running a cannabis business in Maine, you’ve got some unique tax hurdles to jump due to federal and state laws. Let’s break down what this means for you, whether you’re thinking about starting up or you’re already in the thick of it, especially when it comes to deciding if your business should be…
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Economic Aid to Hard-Hit Small Businesses

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In late December, Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). It provides $284 billion in new funding for Paycheck Protection Program (PPP) loans. It makes significant changes to the PPP loan forgiveness process, including a streamlined forgiveness process for loans of up to $150,000. Here are…
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Keeping the Family Camp in the Family

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With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to…