Posts tagged with: "business"
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10 Jun 2013, 9:51 am
50 years ago today, President John F. Kennedy signed the Equal Pay Act which prohibited arbitrary discrimination against women through wages. Back in 1963, women earned only 60₵ on the dollar compared to men. Now, 50 years later women still earn less than men, though the gap has been reduced, women now earn about 81% of men.
One of the myths about why women earn less than men is because of the stereotype that women will put family above work, so employers tend to undervalue a female employee.… [read post]
10 Jun 2013, 8:50 am
Running a business requires a great deal of time and commitment, and owners who are operating a busy enterprise may sometimes make the mistake of putting their succession plan on the back burner. However, an accident or unexpected medical disaster can change a business owner's circumstances quickly, making it imperative that they plan for the worst and establish a succession plan to protect their venture.
A recent Wealth Management article highlighted the common mistakes many entrepreneurs and… [read post]
10 Jun 2013, 8:27 am
As more entrepreneurs like Cabot approach retirement—about 30% of the nation’s business owners are 55 or older, according to the U.S. Small Business Administration—many are choosing to sell their companies to their employees, rather than outside buyers. Sometimes the family business simply can’t stay in the family any longer. On... [read post]
10 Jun 2013, 7:46 am
When representing a business itching to file a lawsuit, always remember that the client is engaged in a commercial business—not in the business of litigating. Start by educating your business clients on the possible consequences of litigation.
Winning a lawsuit can be good for a business on many levels, but a legal victory can sometimes result in an ultimate loss if the company has been ravaged by the litigation.
Here are some considerations you should thoroughly discuss with your business… [read post]
10 Jun 2013, 7:46 am
When representing a business itching to file a lawsuit, always remember that the client is engaged in a commercial business—not in the business of litigating. Start by educating your business clients on the possible consequences of litigation.
Winning a lawsuit can be good for a business on many levels, but a legal victory can sometimes result in an ultimate loss if the company has been ravaged by the litigation.
Here are some considerations you should thoroughly discuss with your business… [read post]
10 Jun 2013, 7:13 am
Why do firms create large “client entertainment” budgets? In-house columnist Mark Herrmann has some theories. Continue reading »Follow Above the Law on Twitter or become a fan on Facebook.Tags: Biglaw, Business development, Business entertainment, Business expenses, Client entertainment, Client Pitches, client relations, Client Relationships, Clients, Drinking, Food, In-House Counsel, Inside Straight, Mark Herrmann, Marketing, Money, Partner Issues
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10 Jun 2013, 7:00 am
As you may know, social media is changing the face of modern marketing. CMOs or chief marketing officers are starting to invest in social media platforms in order to promote products and services. Yet not every social media Website can offer what CMOs are looking for. Here is a guide to the top social media sites and what they can do for CMOs.
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10 Jun 2013, 6:35 am
As the summer arrives in full force, I am watching a lot of my start-up friends take advantage of the unpaid internship to help with some needed coding, design or marketing projects they haven’t gotten to. These kids are smart, hungry, can use the experience and wouldn’t it be nice to have someone pick up coffee and donuts for you once in awhile?
As my Looper Reed colleague Michael Kelsheimer explains in a prior post on his Texas Employer Handbook blog, you have to be careful when… [read post]
10 Jun 2013, 6:35 am
As the summer arrives in full force, I am watching a lot of my start-up friends take advantage of the unpaid internship to help with some needed coding, design or marketing projects they haven’t gotten to. These kids are smart, hungry, can use the experience and wouldn’t it be nice to have someone pick up coffee and donuts for you once in awhile?
As my Looper Reed colleague Michael Kelsheimer explains in a prior post on his Texas Employer Handbook blog, you have to be careful when… [read post]
10 Jun 2013, 5:41 am
But a claim against Robert Ludlum's literary agent for helping broker the deal that led to the 2002 Matt Damon film survives.read more
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10 Jun 2013, 5:13 am
Miami has been named the fifth of the fastest growing cities for small businesses according to the online-lending platform Biz2Credit. Orlando ranked 12th, and Jacksonville was also in the top 25.
The city rankings were based on average annual revenue, average number of employees, average age of business, highest average credit score, and local sales tax rates. Large numbers of immigrant investors were named as a driver for small business growth.
Things that listed negative on the survey were… [read post]
10 Jun 2013, 3:00 am
Sometimes the family business
simply can’t stay in the family any longer. On the other hand, maybe you are
not enamored with hand it over to an outsider either. If this sounds like your
horns of dilemma, have you considered making your transfer in-house?
Whether your business is in Overland Park or elsewhere, when all is said and done, the
only ones who know and care enough about the company may just be your employees.
Sound intriguing? If yes, then you need to explore a win-win means… [read post]
9 Jun 2013, 4:49 pm
Employers illegally treating employees as independent contractors can come clean through a program called the Voluntary Classification Settlement Program (VCSP). To explore in more detail the merits of this VCSP program and how it works, readers should look at Risky Business: Playing Fast and Loose with Worker Classification. Basically, this program allows employers to voluntarily correct erroneously classified workers from independent contractors to employees in exchange for paying less… [read post]
9 Jun 2013, 4:49 pm
Employers illegally treating employees as independent contractors can come clean through a program called the Voluntary Classification Settlement Program (VCSP). To explore in more detail the merits of this VCSP program and how it works, readers should look at Risky Business: Playing Fast and Loose with Worker Classification. Basically, this program allows employers to voluntarily correct erroneously classified workers from independent contractors to employees in exchange for paying less… [read post]
9 Jun 2013, 3:43 pm
In what should have been an easy win in a breach of contract case, a Tennessee bank went home with a goose egg after the Court of Appeals applied a fundamental rule of Tennessee contract law to the facts of the bank's case. The case, which was filed in Coffee County, Tennessee, answers the question of why the material terms of contracts should be definite: Because, if they are not definite, the contract will not be enforceable.
The facts of the case are as follows:
• The Bank loaned money to… [read post]
9 Jun 2013, 2:29 pm
As China steps up its enforcement of its customs laws, it is becoming increasingly important for foreign companies doing business in China to understand those laws and how they are enforced. This is the final part of a four part series of posts by Shawn Mahoney designed to help you avoid China customs problems. Go here for Part I, China Importation 101, which dealt mostly with the core concepts related to importing product into China. Go here for China… [read post]
9 Jun 2013, 6:00 am
Suppose you’ve decided that you want to form your new business as a corporation (not an LLC), and you are trying to figure out if it should be an S Corp or a C Corp. How do you decide? Flip a coin? Arm wrestle your co-founder? Rely upon your lawyers or CPAs advice? The following is a high level summary of some of the more important federal income tax and non-tax considerations involved in choosing between doing business as an entity taxed for federal income tax… [read post]
9 Jun 2013, 6:00 am
Suppose you’ve decided that you want to form your new business as a corporation (not an LLC), and you are trying to figure out if it should be an S Corp or a C Corp. How do you decide? Flip a coin? Arm wrestle your co-founder? Rely upon your lawyers or CPAs advice? The following is a high level summary of some of the more important federal income tax and non-tax considerations involved in choosing between doing business as an entity taxed for federal income tax… [read post]
9 Jun 2013, 12:32 am
China will continue to create fair, justified and open conditions for foreign businesses, Vice Premier Zhang Gaoli said in Chengdu on Thursday.
Zhang made the remarks while meeting with attendees of the 2013 Fortune Global Forum, which opened on Thursday in Chengdu, capital of southwest China’s Sichuan province. (Xinhua)
You see one of these stories every month, with a Chinese leader making the same “Don’t worry, we like you” speeches to foreign investors. Seems to me that if… [read post]