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 …
Estate planning is important for a number of different reasons. Making your intentions clear, avoiding a costly administration process, and keeping the process as simple and least burdensome to your loved ones are the most common I hear from my clients. What clients and advisers sometimes forget in this process are the impact of taxes …
Remember Income Taxes When Doing Your Estate Plan Read More »
Sometimes landlords feel that the law treats them as parents and tenants as their children. Two cases earlier this year reinforce that. The usual rule in “slip and fall” cases is that, if the defect is open and obvious, the fault lies with the person who slipped. Thus, if a person sees a parking lot …
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 …
Don’t Forget This Key Issue When Selling or Buying a Business Read More »
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 …
Loose Lips May Sink Your Ship and Create Liability Read More »
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