Will I have to start paying overtime soon? Astute employers are reviewing available options to mitigate the potential economic impact of the imminent release of new federal Fair Labor Standards Act overtime regulations. The Department of Labor estimates that average annualized direct employer costs could total between $239.6 and $255.3...
What is a franchise business? What does a good franchise agreement look like? Most likely, you have driven by many franchises in your own town or city. Examples of well-known franchise business models include Subway, UPS, McDonalds, and H & R Block. In the United States, there are franchise business opportunities available across...
Most likely, you have driven by many franchises in your own town or city. Examples of well-known franchise business models include Subway, UPS, McDonalds, and H & R Block. In the United States, there are franchise business opportunities available across a wide variety of industries. Franchises are an extremely common way...
Once you and your business buyer negotiate the fine points of a deal, it’s time to schedule the sale closing. A few easy steps will help you lay out what you need to do in advance, during, and immediately following the big day. Step 1. Prepare for Closing Day Here’s a chart...
Should I include an arbitration clause in my contracts? Here are several factors you should consider when deciding whether to incorporate a mandatory arbitration clause into that contract you are drafting. 1. Price Arbitration is not necessarily less expensive than litigation; instead, the opposite may be true. Not only is the cost...
I’ve been hearing about this “JOBS” act President Obama signed into law … what does that law do? The Jumpstart Our Business Startups Act or JOBS Act, is a law intended to encourage funding of United States small businesses by easing various securities regulations. It passed with bipartisan support, and was...
Why do people sometimes register their business entity in Delaware? For large businesses, Delaware holds many advantages—but smaller business may not find it as beneficial. For example, Delaware’s business law is one of the most flexible in the country. The Delaware Court of Chancery focuses solely on business law and uses...
What’s going on with Uber and the grief it’s getting on the west coast about drivers really being employees? In June 2015, the California Labor Commission ruled that a San Francisco Uber driver is a company employee, not a contractor. In that decision, the Commission awarded the Uber driver $4,152.20 in...
You’ve got your start-up “started up,” how do you hire the best of the best? Startups all come down to people. Startup ideas are not hard to find, but when you get the right people, your company can be huge. In any business, particularly a new business, it’s all about execution;...
