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Holland & Knight brings legal clarity to complex industry issues.
Whether your operation is a small restaurant chain or a multinational hotel brand, a timeshare or tennis resort, a gaming property or golf destination, you need legal guidance from attorneys who understand the unique regulatory trends and market dynamics that comprise the rapidly-growing hospitality industry. Holland & Knight’s Global Hospitality Group brings to our clients’ legal matters more than 25 years of practical experience and industry savvy.
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There has been considerable debate on Capitol Hill this year over the taxation of a Carried Interest in the context of a Private Equity Fund (PEF). At the same time, there has been public discussion of the role that the private equity industry will have in our economic recovery. In the realm of estate planning, PEF Principals possess unique opportunities to shift the performance of their interest in a PEF to future generations – potentially resulting in very significant estate tax savings. This article will review the basic PEF structure, describe the nature of a Principal’s interest in a PEF and indentify wealth transfer techniques that should be considered by a Principal.
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Governor Patrick’s Office of Consumer Af¬fairs and Business Regulation announced on November 4, 2009, that it has filed the final Massachusetts ID Theft Regulation, also known as 201 CMR 17:00. The goal of Regulation 201 is to help combat the loss of personal information; the most significant change is a require¬ment that covered entities amend existing agreements that they have with third-party service providers to include language requiring these providers to implement and main¬tain “appropriate” security measures for the protection of personal information.
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