Transportation Brief: Buyers Be Diligent
May 22, 2018
When considering the acquisition of a motor carrier operation, a number of due diligence matters specific to transportation should be analyzed, including licensure, permitting and an analysis of federal or state regulatory regimes applicable to the motor carrier. If the target carrier utilizes an independent contractor work-force, understanding and assessing those relationships within the unique transportation fact-pattern are critical. The assessment for regulatory compliance of the independent contractor agreement and for areas of exposure given state law precedent and statutory exemptions based on contractor domiciles are both key to structuring a proper merger or acquisition. Equally important is consideration of post-acquisition restructuring when certain exposures have been identified during the due diligence process. The transaction often occurs in a rapidly changing legal environment where sensitivity to proposed legislative changes and recent common law precedent impacting transportation operations may be pivotal to an investment decision.
Scopelitis’ Transportation Brief® is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.
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Transportation Brief: Spotlight on Unemployment Tax Practice
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Transportation Brief: For the Record Spring 2018
We are pleased to announce that Michael Reed has joined the Firm’s Chicago office. Michael joins the Personal Injury, Property Damage, and Cargo Claims practice group.
- On the Road
Scopelitis attorneys are often invited to participate in meetings with transportation industry leaders. Learn more about their trips this quarter.
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