The Supreme Court ruled in favor of employers in resolving employee disputes. In a 5-4 decision that broke down as the conservative wing versus the liberal wing of the court, the court said that employers do have the right to insist that labor disputes should be handled individually with the employee rather than allowing workers to join together for class action lawsuits. According to USA Today, the Ruling affects an estimated 25 million workers who sign agreements to arbitrate as part of their employment contracts.
Jobs in the service industries can be particularly challenging. Nevertheless, flight attendants would seem to have it worse than most. Not only do they work in close quarters with customers, there is a long and continuing tradition of objectifying or sexualizing the flight attendant. While the rules for acceptable behavior have changed from the days when flight attendants were called stewardesses, apparently things have not changing fast enough to suit those in the industry.
The U.S. Department of Labor Wage and Hour Division (WHD) recently investigated JPO Contractors, Inc. and determined it owed $90,904 in back wages and liquidated damages to 43 employees. The company was found guilty of improperly categorizing its laborers as independent contractors instead of employees, thus creating a violation of overtime and record keeping laws. There was also a penalty of $19,737 for willful and repeated violation.
The stories regarding the legalization, decriminalization and medicinal application of marijuana have become commonplace in recent years. While much of the West Coast, Colorado and parts of the Northeast have legalized pot for recreational use, many states like Georgia have not changed their laws.
The tax deadline has rolled around yet again, and business owners are looking for every possible method to reduce the amount they owe. Taxes can take a hefty chunk out of a business’s earnings. It is necessary for business owners of large and small companies alike to take advantage of every possible option to save money on their taxes.
Being a business owner is hectic enough without the hassle of filing your annual business taxes. The filing deadline is fast approaching, and many entrepreneurs are groaning at the thought of their complicated returns. Still, it is a necessary process that every business must go through. As the old saying goes, the only sure things in this world are death and taxes. Fortunately, business owners have a few different options when it comes to filing business taxes.
Drafting an operating agreement is an important step in running an LLC. Your company’s operating agreement will lay out the ground rules for day-to-day operations and members’ responsibilities. Some business owners choose to bypass an operating agreement, to their company’s detriment.
Our last blog post discussed some of the major risks that business owners should consider before taking their company public with an IPO. Today, we will conclude our two-part blog series by discussing some other factors that may affect your decision to go public.
Many entrepreneurs dream of the day when they will be able to take their company from private to public with an initial public offering. After all, IPOs can offer numerous benefits for business leaders and shareholders. But going public is not a decision to take lightly.
Hiring new employees can often add to a successful team, inspire change and keep the business growing. Alternatively, having someone leave the company or needing to fire an employee can be a problematic ending, change the cultural dynamics or set the business back in its progress.