Hospitality Industry: Hotel Technical Services Agreements Alert - May 10, 2012
In any new-build hotel or resort project, the brand agrees to provide certain planning, equipping, design and opening services to the project owner or developer for a technical services fee. The most important goal of the technical services agreement (TSA) is to ensure that when completed, the hotel or resort will comply with the brand standards and be operationally efficient.
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Religious Institutions: Update - May 17, 2012
This month’s update warns of sanctions religious institutions could face should they transfer something of value to someone in the organization whom the IRS determines to be “disqualified,” resulting in an “excess benefit transaction.”
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