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Watch now: Who gets the sales tax for a Rivian vehicle? | Business [Video]

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Rivian's direct-to-consumers sales model leaves questions unanswered for who will receive an allocation of sales tax.

"While this remains an outstanding question, the town understands Rivian is currently busy with production and startup, and we know this will be resolved when they start selling vehicles,” said Cathy Oloffson, a town of Normal spokeswoman.

Oloffson added, "The town isn't interested in getting deeper into hypotheticals because ultimately, this isn't something the town controls."

Community leaders say the company's contributions to the area economy far outweigh what its customers might generate in sales taxes. But the amount in question could be significant: Depending on how the sales are recorded, the town could receive hundreds of thousands of dollars a year in sales tax proceeds from Rivian vehicles — or none at all. 

The Rivian Automotive site in Normal. The company was founded in 2009. 

At any hour of any day customers can …

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Pacific Prime's Global Employee Benefits Trends Report 2021 [Video]

0:01 Pacific Prime is proud to announce our Global Employee Benefits Trends Report 2021. Designed for business leaders, HR professionals, employees, and curious readers, it explores 5 key areas of change across the employee benefits landscape in a post-pandemic world: 0:35 (1) What will the post-pandemic workplace look like? 0:39 (2) How are employees coping with mental health concerns? 0:45 (3) Why are employers rethinking employee wellbeing? 0:51 (4) How do diversity, equity, and inclusion goals fit in? 0:57 (5) Where is the employee benefits sector headed? 1:06 Major drivers for change 1:28 Download the free report today to stay updated with the latest employee benefits for 2021 and beyond. Check out our short video for a visual representation of what to expect!Music by Enrize (https://enrizestudio.com) Click the link below:https://www.pacificprime.com/corporate/global-employee-benefits-trends-2021

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BPP Show 060 - 2021 - Do I need a Buy/Sell option agreement? [Video]

Show 060 – Do I need a Buy/Sell option agreement?When you are in business with a business partner, it is vital to consider the consequences and effects on the business if something happens to one of you. Specific events that may trigger a buy/sell option agreement include death, long-term disability, retirement, or bankruptcy. It is crucial to ensure that a proper succession plan is in place to continue with a minimum of disruption. Listen to this episode to know what to include, how to protect your business and what to avoid.Are you ready for specific legal advice? Call us to discuss your situation with professional guidance, legal advice, and support from us at SMS Law. Don’t forget to subscribe to the podcast!#togetherinbusiness #smslaw #law #businesslegallifecycle #smallbusiness #legalpodcast #podcastHQ #buysell #successionplanning

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This session will cover breaking developments in employee benefit plans. The panel will discuss continuing developments in recent legislation, including guidance on surprise billing rules and health plan transparency. We will also provide updates on pending legislation, and guidance from the IRS and DOL concerning plan amendments and temporary guidance during the pandemic.SpeakersMichael LaneAmy Dygert StansfieldDisclaimer: The information provided herein is intended for general purposes only and is not intended to be legal advice. The ethical rules of some states require us to identify this as attorney advertising material. The choice of a lawyer is an important decision and should not be based solely upon advertisements. Past results obtained on behalf of current firm clients afford no guarantee of future results. Every case is different and must be judged on its own merits.