by David P. Weiss | Feb 19, 2019 | Corporate Law, Small Business Law
The number of, and the economic powerhouse created by, owner-entrepreneur and family businesses is astonishing. Entrepreneurs and family businesses account for 64 percent of the entire U.S. gross domestic product, generate 62 percent of the country’s employment...
by e-LawLines | Oct 19, 2017 | Commercial Law, Corporate Law, Small Business Law
When operating a corporation, it is important to observe corporate formalities. This will ensure that the corporation protects the individual shareholders from the corporation’s liabilities but it can also protect shareholders from costly mistakes. In the recent case...
by e-LawLines | Sep 25, 2017 | Employment Law, Small Business Law
In the final quarter of last year, many employers began frantic preparations in anticipation of a new DOL Overtime Rule that was to take effect December 1, 2016. This rule was to have raised the overtime salary-test exemption threshold from $23,600 to $46,476, meaning...
by e-LawLines | Sep 19, 2017 | Corporate Law, Small Business Law, Taxation
When forming a new company, it is important to consider not only the type of entity being formed but also how that entity will report and pay taxes. In certain situations, it may make sense for a corporation or LLC to elect to be taxed under subchapter S of the...
by David P. Weiss | Jan 11, 2017 | Corporate Law, Small Business Law
In a 2016 action brought under the Federal Trade Commission (“FTC”) Act, the U.S. Ninth Circuit Court of Appeals was faced with a situation wherein a company offering a “free” online service included in the very fine print a negative option to...
by e-LawLines | Jan 4, 2017 | Corporate Law, Employment Law, Small Business Law
*** We originally published this article in February 2013. Almost a year later, the Midwest is in the middle of another major winter storm, with more snow likely to come before spring arrives. Accordingly, this is a perfect opportunity to republish this time-sensitive...
