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Membership blog
ABC Maine is on the front lines, advocating for policies that protect and support the construction industry. In this Legislative Advocacy Update, we break down the latest legislative developments impacting Maine’s builders, from workforce policies to regulatory challenges. Learn how ABC Maine is fighting for fair and open competition, workforce development initiatives, and pro-business policies that keep our industry strong. Stay informed, get involved, and ensure your voice is heard in shaping the future of construction in Maine.
ABC Maine 40th Anniversary Member Contribution
Many business owners choose to sell their businesses to third parties for several reasons. If you’re thinking about pursuing a third-party sale as your business exit strategy, consider these four steps to prepare yourself for a successful third-party sale.
The Maine Legislature is in full swing, and ABC Maine has been working hard fighting for the merit shop in Augusta. Here are a few updates from the hill!
Change orders are a common yet critical aspect of construction projects, and effectively managing them can impact your bottom line. Join Preti Flaherty and ABC Maine on January 30, 2025, at 8:30 a.m. for a webinar led by John Cronan, Partner at Preti Flaherty's Construction Law Group.
The 132nd Maine Legislature convened on December 4, facing major challenges like a $1 billion budget gap, housing crises, and health service instability. Democrats hold slim majorities in both chambers, with leadership changes including Sen. Mattie Daughtry as Senate President and Ryan Fecteau returning as House Speaker. Key committees were restructured, separating Labor, Housing, and Economic Development. ABC Maine expects debates on Project Labor Agreements, wage transparency, and Buy America provisions. Governor Mills’ January 10 budget proposal will address the funding shortfall while avoiding income tax increases.
Kickstart the new year with this comprehensive "New Year’s Checklist: Checkup and Risk Management" guide. Designed to help businesses in construction and related industries, the checklist covers critical areas such as contract compliance, insurance coverage, labor laws, licensing and permits, safety protocols, and risk management strategies. This proactive guide ensures your business is compliant, protected, and prepared for a successful 2025.
The article emphasizes the importance of planning and collaboration with advisors to achieve financial and aspirational goals, while avoiding common pitfalls. For more guidance, readers are encouraged to contact the author or Altus Exit Strategies to begin the exit planning process.
This client alert from Bernstein Shur highlights important updates to the Affordable Care Act (ACA) following the passage of the Employer Reporting Improvement Act and Paperwork Burden Reduction Act. Key changes include streamlined reporting requirements for Forms 1095-B and 1095-C, extended response times for ACA penalty assessments, and a clarified six-year statute of limitations on penalty collections. Learn how these changes reduce administrative burdens for employers and enhance compliance efforts. Insights provided by Steven R. Gerlach, Esq., LL.M., a seasoned tax attorney specializing in employee benefits and ERISA.