E-mail messages, telephone calls, text messages, and letters are how folks typically communicate about proposed business deals. Back and forth quotes, and possibly the exchange of each party’s “standard” terms and conditions are the norm. The end of this process […]
Intellectual Property in a Nutshell Virtually every business involves “intellectual property.” As a small business owner, it is your job to understand what you have, so that you can protect it and maximize its value to your business. Here are […]
You may have heard that the GDPR became enforceable on May 25th 2018. If you have a web-based business in the U.S. are you required to comply? The GDPR applies to (among other situations) the processing of personal data of […]
While the general rule (at least in Ohio) is that an employer is required to carry worker’s compensation coverage for all employees (and to pay the corresponding premiums), one-person businesses can avoid this requirement. Ohio Revised Code 4123.01(A)(1) in defining […]
The Department of Labor has issued very specific and helpful guidance for those private employers who employ “exempt” workers in anticipation of the December 1, 2016 start date for the new Overtime laws. You can find the DOL’s guidance here.
Today, the Department of Labor issued a new rule that updates the regulations determining which white-collar, salaried employees are entitled to the Fair Labor Standards Act’s minimum wage and overtime pay protections. The rule increases the salary threshold below which […]
In Law School, every aspiring lawyer learns the maxim “Ignorance of the Law is No Excuse.” This means that every business owner is deemed to be aware of each and every law affecting his/her business. As daunting of a responsibility […]
Under the U.S. Fair Labor Standards Act, certain “white collar” workers (i.e., executive, administrative, and professional employees) are not entitled to receive (and the employer is not required to pay) overtime for hours worked in excess of 40 […]
What is a performance bond? It is an insurance policy covering the risk that someone might fail to perform as promised. Performance bonds or surety bonds are most typically utilized in construction projects, where the ramifications of a party’s failure […]
Today, the Office of Advocacy released Demographic Characteristics of Business Owners and Employees: 2013, the second annual issue brief on business owner demographics. This year’s issue brief includes not only characteristics of business owners, but also how they differ from […]