When a business makes the decision to increase its workforce, it must also make a decision on how the added workers are to be hired and classified. Generally, a business can choose to hire people as employees or as independent contractors. How the person is classified makes a difference in how the person is paid… [Continue Reading]
Bankruptcy and Job Prospects
Bankruptcy can impact many areas of a person’s life. After the bankruptcy is concluded, the person filing for bankruptcy has to recover financially and build up his or her credit again. This can make buying a home, renting an apartment, and even getting a job in some cases more difficult. Not all jobs require candidates… [Continue Reading]
Choosing Arbitration Over Litigation in a Business Setting
Most business owners do not enjoy being mired in public disputes or messy litigation, either with business partners or clients. For this reason, if it is possible, these businesses may choose alternative dispute resolution methods that keep them away from litigation in court and offer more in terms of keeping the details of the dispute… [Continue Reading]
The Importance of a Buy-Sell Agreement
When two or more people come together to form a business, they may focus on many different issues that they anticipate will arise as they run the business. One of the main issues that should be discussed is a plan for how the business will be sold, dissolved, or inherited in the event one of… [Continue Reading]
When Time Matters in a Commercial Transaction
The use of contracts in commercial transactions is both common and recommended. Most contracts contain terms that are crucial to each party, and the failure to perform one or more obligations under the contract can affect the ability of the other party to perform under the contract. Therefore, when an aspect of the deal is… [Continue Reading]
Piercing the Corporate Veil and the Loss of Limited Liability Protection
One of the advantages of forming a business as a corporation or a limited liability company is the limitation on liability these business forms offer. Through the limited liability, shareholders and directors are protected from being held personally liable for the debts and obligations of the business. This protection is beneficial, especially when the business… [Continue Reading]
How to Protect the Online Reputation of Your Business
Having an online presence can be a great way for a business to maximize its profits. Using various social media platforms and other internet resources to reach consumers can help increase sales and better advertise products. However, having the wrong message sent out can hurt the business and require a major public relations clean-up campaign.… [Continue Reading]
Employee Handbooks Affect at-Will Employment
Employers are often encouraged to have employee manuals and handbooks that help employees know what is expected of them as part of their employment. Employee manuals and handbooks can be a good way for employees to avoid inappropriate workplace conduct, and understand the limits of their employment relationship. However, in some cases, employee handbooks may… [Continue Reading]
Will the New Overtime Rule Affect My Company?
With the stroke of a pen, President Obama updated the Department of Labor’s rule updating overtime regulations, which will automatically extend overtime pay protections to more than 4 million workers within the first year of implementation. This long-awaited update will result in a boost to many workers’ wallets, but what affect will it have on… [Continue Reading]
10 Ways to Protect Against Identity Fraud
A few days after 2015’s tax filing deadline last month, the head of the IRS gave testimony to a U.S. House Ways and Means subcommittee on the prevalence of individual and corporate tax fraud and how the IRS is trying to fight it. Here are ten simple tips that consumers and businesses can take to… [Continue Reading]
