Why Conduct a Wage Hour Audit? Simply put, to identify whether your business has improperly classified any employee as being exempt under the Fair Labor Standards Act of 1938’s (“FLSA”) provisions regarding the payment of overtime. In 2016 alone, the U.S. Department of Labor collected more than $266 million in back wages. The U.S. Department
The United states House of Representatives recently passed the Working Families Flexibility Act of 2017 (“Proposed Act”). For the first time in the history of the Fair Labor Standards Act of 1938 (“FLSA”) if the Proposed Act becomes law, a private sector employer... Click here to read the full article.
When a small group of shareholders owning an equal percentage of a company’s stock cannot agree upon the future direction or operation of the business, a deadlock can arise amongst them. Many local and small, family-owned businesses in Florida operate as closely held corporations, or “close corporations”. Click here to read the full article.
Many business owners or officers are required to sign contracts for goods, services, or other necessary utilities for the operation of their businesses. At times, the business may face a dispute with a vendor, landlord, lender, or other creditor regarding payment under the contracts. Click here to read the full article.
"It is undeniable that our youth must develop an understanding of financial and business principles in order to be successful in life," says Attorney Christina Harris Schwinn. Click here to read her full article. Published in The News-Press Date: April 11, 2017
Perhaps you and a trusted colleague have finally decided to act on your long awaited dreams to manufacture and sell a new revolutionary product. Excited at the possibilities of your new business, you and your colleague hurriedly pool your money together and begin buying equipment, materials, office space, and all other necessities to carry on
In every transaction involving the sale and purchase of an asset, an agreed upon price is typically the key component in reaching a deal. Often lost in the course of negotiations is the concept of “price vs value”. Click here to read the full article.
The DOL finally issued its final rule governing overtime pay. Among other things, the final rule increases the minimum annual salary for an exempt employee to $47,476 per year from $23,660. The final rule is effective December 1, 2016 unless enjoined or overturned by Congress. Following the effective date, any employee who is covered individually
President Obama Signs Defend Trade Secrets Act of 2016 and White House Takes Aim at Noncompete Agreements
On May 11, 2016, President Obama signed into law the Defend Trade Secrets Act of 2016 (“DTSA”) creating a new cause of action that may be filed in federal court for misappropriation (theft) of trade secrets. Two of the key federal remedies available under this law are exemplary damages and attorney's fees. Read More...
Florida Supreme Court Rules Section 440.34, Florida Workers' Compensation Statute is unconstitutional both the Florida and the United States Constitutions. Attorney’s Fees Section 440.34 of Florida’s workers’ compensation statute is the provision that governs the payment of attorney’s fees in connection with workers’ compensation cases to a claimant’s attorney. The statutory provision contains a formula