After helping a small consulting firm with the initial transfer of shares to a key manger in 2012, ROCG was engaged again to help with the final share transfer between the two partners. This transaction was smooth in part due to the work that was done in the prior engagement including the shareholders agreement and its buy/sell provisions.
A manufacturing equipment distributor recently reached out to ROCG with a clear need for a business strategy and method to determine which of the current opportunities they should take advantage on.
ROCG recently completed the engagement of setting up and migrating the current accounting systems structure into one that fits better with the business growth strategy and the management structure of a $15M company.
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Qatar Airways seeking 10 percent stake in American Airlines
Qatar Airways Ltd. is seeking to buy about 10 percent of Fort Worth-based American Airlines Group Inc. — an unsolicited overture by a bitter rival that would give the Middle Eastern carrier a significant stake in the world’s largest airline.
The move by state-owned Qatar Airways comes as American (Nasdaq: AAL) and other major U.S. carriers accuse Qatar and other Gulf airlines of violating air treaties, allegedly giving them an unfair advantage. Specifically, the U.S. carriers claim the Gulf…
City in Palm Beach County approves residential/retail project on formerly foreclosed site
The Town of Hypoluxo approved the development plan on June 21 for a residential and retail project on a vacant site that was previously in foreclosure.
Hypoluxo Commons would be on the 4.18-acre site at 200 Hypoluxo Road, just west of U.S. 1 in central Palm Beach County. Capo 7 LLC, an affiliate of Lantana-based JFB Construction & Development led by Joseph Basile, bought the property for a combined $1.2 million in three transactions in 2015 and 2016.
The site was previously approved as a mixed-use…
Jet-chartering startup hit with federal class action lawsuit
A federal class action lawsuit has been filed against Fort Lauderdale jet-chartering startup JetSmarter for alleged violations of overtime work compensation laws.
Former JetSmarter employee Grace Lamey is suing on behalf of herself and a group of former JetSmarter “shuttle experience managers,” a catch-all term for a customer service position that frequently required more than 65 hours of work per week, according to the complaint.
Filed in the U.S. District Court in the Southern District of…