For the love of your business
For the love of your business
Whether you are just starting a new business or have been running a business for years, there are four common legal mistakes that both novice and seasoned entrepreneurs make that can have a significant impact on the future viability of your company: Co-mingling of business and personal finances. You may have started your business as […]
Read MoreA New York Times article lists the top rookie mistakes entrepreneurs often make when starting a business, and with our years of experience in helping entrepreneurs capitalize on new business opportunities, many of them ring true. Here’s the list: Hiring a good friend or family member. When it comes to hiring staff for your new […]
Read MoreIf you are working for someone else, there has probably been a time or two you have wondered if you have what it takes to start your own business. Not everyone is wired to be an entrepreneur, especially when it comes to taking risks to launch your own venture. There are pros and cons to […]
Read MoreA recent Wall Street Journal survey on how small business owners are coping with the new healthcare law found that almost a third of those surveyed (29%) have been forced to make staff cuts. Unstable market conditions and economic pressures can force a business to dismiss or lay off employees, and employers should be aware […]
Read MoreBecause of increasing regulatory scrutiny of privacy laws, employers should take extra care in safeguarding personnel files and medical records as you would any other confidential company information. Employers should keep personnel files stored securely in a locked cabinet, and make them available only to managers or supervisors who have a legitimate business reason to […]
Read MoreRetail giant Target suffered a massive data breach last December that eroded its reputation and its bottom line. How did this happen? Apparently, hackers gained access to Target’s IT infrastructure via a third-party HVAC contractor that was connected to their network. This security disaster illustrates the risk that many businesses face when contracting with third […]
Read MoreOn March 13, President Obama signed a presidential memorandum that directs the U.S. Department of Labor to propose new rules governing overtime exemption regulations for white collar workers under the Fair Labor Standards Act (FLSA). The Presidential Memorandum instructs the Secretary of Labor to update the FLSA regulations for workers who qualify for overtime protection, […]
Read MoreThe IRS and State Governments have both stepped up their enforcement action against business owners who misclassify employees as independent contractors. One friend of ours was just fined $150,000 for Worker’s Comp Fraud stemming from a misclassification of employees as Independent Contractors. Knowing this, it is imperative for you to know the difference when it […]
Read MoreSmall businesses can ill afford litigation – not only because of the cost, but also for the time and attention lawsuits can divert from your business. Here are six tips to help you avoid one of the most prevalent sources of business litigation: employee lawsuits. Adhere to nonexempt status. If employees work more than 40 […]
Read MoreIs there love in the air at your company? We’re not talking about people who love their jobs…we’re talking about employees who find love while on the job, and this could lead to a bad breakup for business owners. Workplace romances are not uncommon these days, especially since men and women work together putting in […]
Read MoreThe employment landscape has changed over the last few years and many small and mid-size companies today operate with outside help – contractors or freelancers who perform important tasks but who are not full time employees on your payroll, or even third party companies who consult on a new product or service. While companies that […]
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