• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
MacElree Harvey, Ltd.

MacElree Harvey, Ltd.

Initiative in Practice

  • Home
  • Legal Services
        • Banking & Finance Law
        • Business & Corporate Law
        • Criminal Defense Law
        • Employment Law
        • Estates & Trusts Law
        • Family Law
        • Litigation Law
        • Personal Injury Law
        • Real Estate & Land Use Law
        • Tax Law
  • Our Team
        • Joseph A. Bellinghieri
        • Patrick J. Boyer
        • Krzysztof M. Bozentka
        • Jeffrey P. Burke
        • Robert A. Burke
        • Matthew C. Cooper
        • John C. Cronin
        • Daniel T. Crossland
        • Marie I. Crossley
        • Harry J. DiDonato
        • Caroline G. Donato
        • Lindsay A. Dunn
        • Sally A. Farrell
        • Brian J. Forgue
        • William J. Gallagher
        • Patrick J. Gallo, Jr.
        • Mary Kay Gaver
        • J. Charles Gerbron, Jr.
        • Leo M. Gibbons
        • Carolina Heinle
        • Court Heinle
        • Daniel Horowitz
        • Amanda Jester
        • Peter E. Kratsa
        • Mary E. Lawrence
        • Daniel R. Losco
        • Michael G. Louis
        • Thomas C. Marconi
        • John F. McKenna
        • Matthew M. McKeon
        • Brian L. Nagle
        • Ronald C. Nagle
        • Lance J. Nelson
        • Timothy F. Rayne
        • Michael C. Rovito
        • Duke Schneider
        • Tiffany M. Shrenk
        • Andrew R. Silverman
        • Ashley B. Stitzer
        • Louis N. Teti
        • Aileen Wang
        • Beverly J. Wik
        • Felix Yelin
  • About Us
    • Our History
    • Our Approach
    • Social Responsibility
    • Testimonials
  • News & Updates
    • Articles by Our Attorneys
    • News
    • Podcasts
    • Videos
    • Newsletters
  • Offices
    • Centreville, DE
    • Hockessin, DE
    • Kennett Square, PA
    • West Chester, PA
  • Contact
  • (610) 436-0100

News

MacElree Harvey Named Top Workplace by Philadelphia Inquirer

April 13, 2023 by MacElree Harvey, Ltd. Leave a Comment

We are pleased to announce that MacElree Harvey was named as a Top Workplace by the Philadelphia Inquirer for 2023.

2023 marks 10 years of The Philadelphia Inquirer’s Top Workplaces list.

Every year, employees nominate and complete a questionnaire to represent their opinions regarding their place of work within the Delaware Valley. The employee engagement survey of 24 questions gathers responses regarding issues relating to workplace culture:

  • Alignment – where the company is headed, its values, cooperation
  • Connection – employees feel appreciated, their work is meaningful
  • Effectiveness – doing things efficiently and well, sharing different viewpoints, encouraging new ideas
  • My Manager – cares about concerns, helps employees develop
  • Engagement – motivation, retention, and recruiting
  • Leadership – confidence in company leaders
  • The Basics – pay, benefits, flexibility, training, expectations

“Top Workplaces put the employee at the center of things, and focus on creating the right environment to unleash potential and inspire performance,” said Doug Claffey, CEO of Energage, the research partner for Top Workplaces.

Interestingly, Inquirer.com notes that employees consistently rate issues of “Connection” and “Alignment” most important to them, while statements related to pay and benefits rate less important.

View the 2023 ranks: sponsored.inquirer.com/philadelphia-inquirer-top-workplaces-2023

Filed Under: News

The Importance of Balance at MacElree Harvey: Women’s History Month

March 31, 2023 by MacElree Harvey, Ltd.

As an advocate for its employees, MacElree Harvey recognizes the importance of gender balance in a team and the significant benefits it brings to the organization. The firm encourages female employees to pursue professional and leadership opportunities, providing them with training and resources to support their professional growth.

For instance, the firm’s Educational Assistance Program has been utilized by female staff and attorneys to further advance their careers. MacElree Harvey also offers work schedule flexibility, including the opportunity to work from home, to support work-life balance among its attorneys. Its Paid Medical Leave of Absence Plan provides paid time off for maternity leave, illness, or injuries. Finally, MacElree Harvey partners with the Chester County Bar Association to promote their Diversity Program, designed for first year law students who identify with groups historically discriminated against on the basis of gender, disability, race, ethnicity, or gender identity.

“MacElree Harvey has a history of advancement and promotion of women within the firm. Most notably, our current CEO, Michelle Foster, has been promoted numerous times over her 20-year career with MacElree Harvey… Several of the current women Partners began their careers with MacElree Harvey as Associate Attorneys and were promoted to Partner,” says Firm Administrator Nicole Castafero. “The Firm promotes women from within, allowing for the advancement of their careers.”  

Working closely with her team, Michelle has established a knowledgeable, cohesive and client-focused workforce, while promoting a Firm culture that motivates and encourages employees to deliver top quality service, and often exceed expectations. To ensure that MacElree Harvey continues to implement its strategic plan, which calls for directed growth, and to continue to provide excellent service to its clients, Michelle understands that her most important job is to maintain the values and legacy embodied in the Firm’s 143 year history.

Filed Under: News

Annual Reporting Requirements: Pennsylvania Taking the Majority Approach Starting in 2024

March 29, 2023 by MacElree Harvey, Ltd.

By: Matthew C. Cooper

Pennsylvania will soon be joining the ranks of the majority of states in the nation requiring business entities organized under its laws to file annual reports to confirm their continued existence. Pennsylvania Act 122 took effect on January 2, 2023 (“Act 122”), repealing Pennsylvania’s unique (and often overlooked) decennial report requirement, and replacing it with a reporting system requirement that aligns with the leading approach taken throughout the United States – filing an annual report.

Previously, business entities/associations were only required to file a report with the Pennsylvania Bureau of Corporations and Charitable Organizations (“Corporation Bureau”) on a rolling ten-year basis (2001, 2011, 2021, etc.) unless the entity/association had made certain filings with the Corporation Bureau within the previous ten-year cycle. Now, new Section 146 will require an annual reporting requirement for Pennsylvania business entities/associations. This aligns with the approach taken by virtually almost every other state in the country.

Who Will Be Required to File an Annual Report?

The new annual reporting requirement will apply to (i) all registered foreign associations and (ii) the following Pennsylvania domestic business entities:

  • business corporations;
  • nonprofit corporations;
  • limited liability partnerships;
  • electing partnerships that are not limited partnerships;
  • limited partnerships (including limited liability limited partnerships);
  • limited liability companies (LLCs);
  • professional associations; and
  • business trusts.
  • all registered foreign associations

When Does the Annual Report Filing Requirement Take Effect?

2024. However, Act 122 includes a phase-in period of administrative penalties for failing to file annual reports until 2027 (see below for further discussion).

What Are the Filing Deadlines?

What Information Will the Annual Report Include?

The annual report will include the following:

  • business name;
  • jurisdiction of formation;
  • registered office address;
  • name of at least one director, member or partner;
  • names and titles of the principal officers;
  • address of the principal office; and
  • entity number issued by the Pennsylvania Department of State.

What is the Cost of Filing the Annual Report?

Can Annual Reports be Filed Online?

Yes, annual reports can be filed online at Business Filing Services: https://file.dos.pa.gov.

What Are the Consequences of Failure to File an Annual Report?

Act 122 includes a phase-in period of administrative penalties for failing to file annual reports until 2027. Beginning in 2027, entities that fail to file annual reports will be subject to administrative dissolution/termination/cancellation.

If a domestic filing entity fails to file its annual report and finds that it has been dissolved/terminated, it may file an application for reinstatement, which must be accompanied by the required reinstatement fee and a fee for each delinquent annual report that was not previously paid. On the other hand, once a foreign registration has been terminated, the foreign association may not cure retroactively by reinstating, but instead must reregister by submitting another Foreign Registration Statement. If another entity has taken the name of the entity seeking reinstatement, the entity that has taken the name may keep the name and the entity seeking reinstatement must choose a new name.

 

 

 

Matthew C. Cooper is an attorney at MacElree Harvey specializing in business and corporate law. He counsels businesses of various sizes and industries through all stages of the business life cycle, including representing management and boards of directors by helping them stay compliant with the ever-changing landscape of corporate law. Matthew frequently represents businesses in private financings and mergers and acquisitions, and is a trusted adviser to lenders and borrowers in commercial lending transactions. If you have any corporate or business law needs, please contact Matthew C. Cooper at (610) 840-0279 or [email protected].

Filed Under: News

MacElree Harvey’s Brian Nagle Elected President of the Chester County Bar Association 2023

February 9, 2023 by MacElree Harvey, Ltd.

Brian Nagle, Partner and Chair of MacElree Harvey’s Land Use Department, was recently elected President of the Chester County Bar Association for 2023.

As a member of the Chester County Bar Association, Brian has also served on the Board of Directors and as the Public Outreach Committee Chair.

A brief history of the Chester County Bar Association:

“Chester County is one of the three original counties of Pennsylvania, established in 1682.  Its Court is well over three centuries old, as is its Bar.

One needed an attorney in order to safely navigate the maze of procedures and technicalities, but attorneys were scarce.  They were disliked.  In fact, in 1677, attorneys were banned altogether from practicing in the predecessor court at Upland in what became Chester County upon William Penn’s arrival.

The number of members of the Bar in Chester County grew during Colonial and Revolutionary times.

In the last half of the nineteenth century the Chester County Bar Committee was formed.  It advocated in a more formal way for the advancement of the profession.

In 1910, the number of members of the Bar was just over 50.  By 1929, the Bar Committee had given way to the Chester County Bar Association.

During the post-war years, the population of the County grew at a dramatic rate, and the number of attorneys in the Association also grew. The Bar Association began to concern itself with public service as well as the advancement of the profession.  In 1975, the membership of the Bar was 230 lawyers. Membership now stands at nearly 1,000.”

Learn more at www.chescobar.org.

Filed Under: News Tagged With: Brian Nagle

MacElree Harvey Represents Multi-National Corporation in Closing of $438 Million Credit Facility

January 6, 2023 by MacElree Harvey, Ltd.

We are pleased to announce that MacElree Harvey successfully represented the U.S. subsidiary of a large foreign multi-national corporation in the renewal of a cross border loan of nearly half a billion dollars. Representing our client, together with all its U.S. subsidiaries, in this complex transaction were attorneys Harry DiDonato, Andrew Silverman, and Leo Gibbons, along with the instrumental assistance of Kelly DiSabatino and Christine M. Bigus. On the other side of the transaction, representing the lender, were the large international law firms of Faegre Drinker and Fasken.

In addition to negotiating and documenting the terms of this complicated transaction, the team served as primary coordinating counsel with attorneys located in other jurisdictions to negotiate issues concerning the collateralization of assets in Canada, Delaware, Texas, Pennsylvania, California, Nevada, Montana, Utah, and Florida.

Congratulations to our team in achieving this incredible result for our client!

Filed Under: News Tagged With: Andrew R. Silverman, Harry J. DiDonato, Leo M. Gibbons

IRS Postpones Venmo Tax Law To 2023 Tax Season

December 27, 2022 by Joseph A. Bellinghieri, Esq.

The Internal Revenue Service (IRS) has delayed the tax provision requiring users of Venmo, PayPal, Etsy, eBay, and other third-party websites or apps to declare any earnings from selling goods or services over $600 dollars in a given year through a 1099-K form. This change will not be instituted until the 2023 tax season to give individuals additional time to familiarize themselves with the new law and allow for a “smooth transition.” Previously, the regulation was supposed to be effective for the 2022 tax season. As a result, the IRS says third party settlement organizations will not have to report tax year 2022 transactions on a form 1099-K.

The announcement follows bipartisan criticism that the provision would create mass confusion and paperwork headaches for millions more Americans. While the IRS confirms that the law is “not intended to track personal transactions such as sharing the cost of a car ride or meal, birthday or holiday gifts, or paying a family member or another for a household bill,” it is still uncertain how third party settlement organizations or the IRS will determine which payments are for which purposes. The IRS hopes an extra year will allow more people to become aware of and prepared for the new changes.

There are valid fears that some transactions may be mistakenly labeled as taxable and included on I 099-K forms. To avoid this issue, be sure to carefully record and classify your transactions. Explicitly state who you received money from and for what purpose. Moreover, some apps like Venmo allow you to create separate business profiles for the selling of goods and services. Separating personal and business transactions into different accounts is the best way to prevent misunderstandings.

If transactions are mislabeled or you are incorrectly sent a 1099-K form, alert the applicable third party organization and ask them to notify the IRS. However, this can be a slow process and cause unnecessary stress.

The reporting requirement changes are part of the American Rescue Plan Act of2021 (COVID19 Stimulus Package) to help close the annual hundreds of billions of dollars “tax gap.” Previously, only earnings exceeding $20,000 dollars and 200 transactions required reporting, As a result of this plummet in the threshold, many more Americans, especially independent contractors, small businesses, and individuals with side hustles, are expected to be affected.

Filed Under: Articles by Our Attorneys, News

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 45
  • Go to Next Page »

Primary Sidebar

  • Articles by Our Attorneys
  • News
  • Podcasts
  • Videos
  • Newsletters

Footer

(610) 436-0100

LEGAL SERVICES

  • Banking & Finance Law
  • Business & Corporate Law
  • Criminal Defense Law
  • Employment Law
  • Estates & Trusts Law
  • Family Law
  • Litigation Law
  • Personal Injury Law
  • Real Estate & Land Use Law
  • Tax Law

ABOUT US

  • Our History
  • Our Approach
  • Social Responsibility
  • Testimonials

NEWS & INSIGHTS

  • Articles by Our Attorneys
  • News
  • Podcasts
  • Videos
  • Newsletters

OFFICES

Centreville, DE

5721 Kennett Pike
Wilmington, DE 19807
302-654-4454
Learn More

Hockessin, DE

724 Yorklyn Rd #100
Hockessin, DE 19707
302-239-3700
Learn More

Kennett Square, PA

209 East State Street Road
Kennett Square, PA 19348
610-444-3180
Learn More

West Chester, PA

17 West Miner Street
West Chester, PA 19382
610-436-0100
Learn More

  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Staff Only
  • Careers

© 2023 and all rights reserved by MacElree Harvey, Ltd.