Month: January 2017

Business Owners – Are You Prepared for the Potential Changes to the Department of Labor’s Overtime Rule?

QUESTION: WHAT DO BUSINESS OWNERS NEED TO KNOW ABOUT THE DEPARTMENT OF LABOR’S OVERTIME RULE? ANSWER: Overall, the changes to the existing overtime rule would significantly increase the minimum salary requirement for exempt employees under the Fair Labor Standards Act (“FLSA”). Prior to the Department of Labor’s (“DOL”) adoption of the changes, FLSA required covered …

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Don’t Forget This Key Issue When Selling or Buying a Business

People are vital to all businesses and many businesses simply wouldn’t exist without certain key people. When a business owner sells a company, having these key employees continue in their roles can be critical for the buyer and justifying what they’ve paid. Alternatively, if these key employees leave, the value of the business deteriorates and …

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Loose Lips May Sink Your Ship and Create Liability

After a rancorous political campaign season, I read the Court of Appeals opinion in Bedford v Witte and Hoyer with great interest. In both political campaigns and litigation, broad and emotional allegations are often made. While there are few rules for political campaigns, there are boundaries for statements by attorneys and other persons about public …

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