Terminated employees are more apt to sue their former employer. Pitfalls to avoid? Vacation time must be treated as wages & paid on day of discharge. It’s important to accurately record hours and pay, otherwise, you may be personally liable for attorney’s fees, wages & mandatory triple damages. Independent Contractors (“1099 workers”) must meet certain [...]
When investing, it’s best to plan for the worst & hope for the best. If the investment goes south, a creditor who enjoys “priority” stands in a better position to recoup their investment. You can better position yourself with: Mortgage – or lien on real estate Attachment – court ordered lien on realty, bank deposits, [...]
A question arises in formation of new businesses, mergers & acquisitions, and even for existing companies: “What is the best type of company for my business?" The bewildering array of options includes: limited liability company, s-corporation, c-corporation, partnership, proprietorship, limited liability partnership, limited partnership, joint venture, trust, business trust, and a host of others. The [...]