Protecting & Preparing For The Future

After years of growing the business into a profitable organization, business owners often face the problem of retaining talented employees to take their business to the next level. In order to resolve this issue, an attractive option to business owners is to incentivize their employees with equity in the company. By giving the employee an ownership interest, the employee feels tied to the success of the business and will, in theory, work harder and stay at the company.

However, granting ownership in the company via capital interest creates an issue that the owner may not have intended.

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If they can’t pay, sue everyone!

Piercing the Corporate Veil

One of the main reasons business owners form an LLC or incorporate is to shield themselves from personal liability for company debts.  However, if a litigious claimant convinces a court that the owner is merely the alter ego of the company, the owner of a corporation or LLC can be held personally liable for company debts.

Read More – August 2015 Legal Update

2014 Employment Law eBook

The Employment Law eBook will help HR Managers and Executive Directors better prepare for challenges that may be pressing in 2014.

The entire book may be downloaded for free.
Individual articles are also available for download here:

Obamacare’s Contraceptive Mandate

Armstrong Case is Ohio Supreme Court’s Most Significant Decision of 2013

Popular Use of Independent Contractors Brings Increased Risks As Misclassification Enforcement Expands

Tax Treatment of Severance Payments and Settlement Agreements

When Is An Employee’s Oral Complaint Protected Under the FLSA?

I.C.E. Continues Chilling Trend of Aggressive I-9 Enforcement

Do Employers Have To Hire Criminals?

 

Proposed Changes To Overtime Exemption Rules Will Increase Your Payroll Expenses in 2016

pulling timeActing at the direction of President Obama to update Federal wage and hour regulations, the Department Of Labor (“DOL”) has proposed new rules governing overtime exemptions for so-called “white collar” employees. The DOL has the legal authority to make and enforce these changes independently; no Congressional review or approval is needed. Once the new rules take effect in 2016, they will significantly increase employees’ overtime earnings and the associated payroll expense to businesses.

Read full article here:  December 2015 – Overtime Pay

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