The Tax Cuts and Jobs Act of 2017 (“TCJA”) introduced several tax provisions and made significant changes to existing tax law. One major provision is section 1061[1], which is commonly referred as the Carried Interest Legislation. Section 1061 intends to prevent certain taxpayers from paying taxes at the lower long-term capital gain tax rates by utilizing various part [...]

GHJ Entertainment Expert Anita Wu talks with Entertainment Lawyer Ezra Doner of Doner Law on the recent Bull Durham fraud case and other similar investment scams. Find out about the ongoing litigation, different types of scams and predicted ruling in this case in GHJ’s Media Clips podcast. This podcast is a supplement to a recent Client Alert published by Doner Law [...]

Companies across the food supply chain have been working hard to face the unique challenges that have come to fruition in the COVID-19 era. The U.S. Bureau of Labor Statistics (BLS) recently reported that the Consumer Price Index (CPI) for food at-home (which includes groceries) grew by 2.6 percent from March to April 2020, noting this was the largest monthly increase [...]

Originally published in HLB Insights The outbreak of COVID-19 has brought unprecedented challenges to the global economy, pausing much of the activity across the world. After a long spell of record-high M&A activity over the past decade, deal-making was brought to a screeching halt as the pandemic shock diffused throughout the world economy. What was once expected [...]

Originally published in the Los Angeles Business Journal. The food and beverage industry as a whole is unique in many ways — and here in Los Angeles, where we have some of the best dining and food-for-purchase options in the nation, there’s perhaps an even more finely tuned set of rules for success. Stir in this year’s uncharted obstacles (primarily the COVID-19 pand [...]

Tom Barry’s new blog series, “OWNING the New Normal: Innovators creating the way forward,” will focus on business leaders exploring the current and evolving business environment. The discussion will revolve around recognizing that leaders must innovate and pivot to “own” the future and move forward. This is the first in the series. Higher education has seen huge [...]

COVID-19 has shifted many industry sectors of the workforce. For companies that are able, social distancing measures have made remote work the new norm. Employees are transforming homes into workspaces, often simultaneously managing childcare and personal obligations. Businesses are facing difficult decisions about how to adapt and survive this profound shift, and hir [...]

Welcome back to GHJ’s Movie Business Podcast Series with hosts Ilan Haimoff, Partner at GHJ, and Jason E. Squire, Professor at USC School of Cinematic Arts and Editor of The Movie Business Book Fourth Edition. This week’s guest is Linda Benjamin, IMAX Senior Vice President of Entertainment Business Affairs and Operations, who previously served as President of Global S [...]

In the wake of the COVID-19 stay-at-home orders, business owners should examine their company’s liquidity position and assure availability of staying power, whether or not there are additional waves of shutdowns. In this environment, it is critical to have sufficient liquidity to be both offensive and defensive with a business. Planning for an Uncertain Future Owner [...]

Originally published in Los Angeles Business JournalThe COVID-19 pandemic has forced companies to re-invent themselves in the short term. For many, the priority has been to weather the economic fallout by maintaining adequate cash flow and ensuring overall liquidity, all while keeping their employees safe. As the region slowly begins to emerge from this crisis there w [...]