Successful Rezoning of a Tract of Land

Recently the commercial real estate group at HRMM&L was engaged by a local real estate developer to help with the rezoning of a tract of ground to allow an upscale shopping center after the developer had been unable to make headway with the township. Our attorneys went directly to PennDOT and received approval for a left turn into the shopping center from a busy road without a traffic signal. This strategic move caused the township to worry that our client would have a “by-right” land development plan, and the township then worked with our client to develop a shopping center plan. Along the way, our attorneys resolved issues with commercial neighbors who were concerned about the impact of our shopping center on their businesses, as well as neighbors who were concerned about the impact of a shopping center on their residential properties. In the end, the attorneys at HRMM&L took a project that was stalled and helped the client obtain the necessary approvals for a shopping center that will both be profitable and an asset to the community.

Questions Every Business Must Ask

Q. Has your business recently reviewed its legal structure to determine whether it is set up in the most advantageous manner for legal and tax purposes, considering recent developments and changes in the law?

Q. Do the owners of your business have a current, updated buy-sell agreement which controls how ownership interests in the business are to be transferred in the event of an owner’s death, disability or termination of employment?

Q. Have the owners of your business developed a succession plan to define how ownership and authority will transition upon the death or retirement of the present owners?

Latest News & Events

Selling Your Business: Resolve Major Issues Early In The Process

The letter of intent often kicks the can down the road with respect to key terms that will be negotiated in the formal purchase agreement. Frequently, the parties do not realize there are major points of disagreement until the first agreement draft is circulated. For this reason, the seller should push the buyer to produce… Read more »

Investments In Qualified Opportunity Zones Can Provide Significant Tax Benefits

by Jonathan Samel, Esquire The Federal Tax Cuts and Jobs Act (the “Act”), which became effective on January 1, 2018, created Qualified Opportunity Zones (QOZs) as a tool for promoting long-term investments in low-income communities. Through this program, investors are provided significant tax benefits for investing in businesses and in real estate located in QOZs. … Read more »

Non-Compete Covenants in Pennsylvania

by Robert Sebia, Esq. Pursuant to Pennsylvania law, restrictive non-compete covenants are enforceable only if they are: (1) ancillary to an employment relationship between an employee and an employer; (2) supported by adequate consideration; (3) the restrictions are reasonably limited in duration and geographic extent; and (4) the restrictions are designed to protect the legitimate… Read more »