Overtime Rules Set to Change Again
The Department of Labor has issued a final rule increasing the salary levels that will be required for certain overtime exemptions under the Fair Labor Standards Act (FLSA). If your employees are impacted, these changes mean that you will either have to increase your employees’ salaries so that they remain exempt from overtime pay requirements, […]
What You Need to Know About Closing Down Your Business
You might decide to close your business for a number of reasons. Perhaps it is no longer financially feasible, or maybe you are moving on to something else. Regardless of the reason, there are several legal tasks you’ll need to undertake to protect yourself, your credit, and your reputation within the community—especially if you think […]
Can I Start a Business While I am Still Employed?
You still have a job—yet you are itching to start a business. You might wonder if you have the time to do so, or if you are even allowed to do so. The answer depends on whether you signed an employment agreement and what kind of role you have with your current employer. Here are […]
Nonprofit Bylaws Checklist
Ohio’s nonprofit corporate law uses “bylaws” and “regulations” interchangeably. Under Ohio law, the incorporators (the people who establish the nonprofit corporation by filing Articles of Incorporation with the Secretary of State) may adopt regulations or bylaws that govern the organization
Piercing the Corporate Veil: Limited Liability? Not So Fast!
Forming a business entity like an LLC or a corporation typically provides limited liability protection to the owners. But in certain situations, you can find yourself personally on the hook for the debts and obligations of the business. This week we’re discussing the legal concept of “piercing the corporate veil” and why it’s used so often against small business owners.
Best Practices for Nonprofit Board Governance
Running a nonprofit organization can be quite different from running a for profit business. Instead of a single owner(s) who can largely do whatever they like, you have a board of directors to answer to, extensive oversight from the IRS and Ohio Attorney General, not to mention keeping both donors and grant funders happy. And […]
Copyright Infringement
Too many small business owners assume that just because something is on the internet, it must be free to use. For example, have you ever: Copyright infringement occurs anytime you use someone else’s work without their permission. Copyright law imposes strict liability on all instances of copyright infringement. This means your intent doesn’t matter, and acknowledging […]
Terms of Service: What Small Businesses Need to Know About These Oft-Used but Unread Agreements
If you provide a web or app-based service and have questions about your Terms of Service, schedule a consultation today.
Transferring Ownership of Intellectual Property
Over the lifespan of a small business, you may find yourself needing to sell or transfer intellectual property rights. There are a variety of situations where this might come up: Even though intellectual property rights are intangible, they can still be sold or transferred much like any other business asset. This week, we look at how to […]
Essential HR Policies: Anti-Harassment and Non-Discrimination
There are a wide range of laws that cover how you as an employer treat your employees at every step in the employment process: from hiring, firing, promotions, harassment, training, wages, and benefits. And as an employer, you can be held vicariously liable for the actions of your employees, meaning if you “allow” or don’t […]
