Category: Business / Employment
Tips and the Minimum Wage Laws – 2013 Update
As of the date this article goes to press, both the federal and the Pennsylvania minimum wage laws set the minimum wage at $7.25. For some employers however, the minimum wage calculation can be more complicated than simply multiplying the number of hours worked by… Continue reading
Employment: Offer Letter v. Employment Agreements
Employers are requiring restrictive covenants much more frequently than they have in the past. This is because “knowledge” workers are able to move among competing companies and may cause damage to a prior employer by revealing trade secrets or enticing co-workers or clients to move.… Continue reading
Non-Cash Contributions to Limited Liability Companies
We are frequently met with a situation where one or more individuals wish to form a limited liability company to engage in a new business or real estate enterprise. Limited liability companies are preferred vehicles for many such endeavors because they combine low maintenance and… Continue reading
Buying a Business
With the improving economy we seem to be witnessing an uptick in the sale and purchase of small and medium-sized businesses. Banks are lending once again and potential buyers are more optimistic about the future of our economy. Sale of business transactions virtually ground to… Continue reading
Exemptions from Attachment: A Last Resort for Debtors and a Planning Factor for Creditors
It is, of course, preferable not to be sued, and if you are sued, it is obviously better to win your case and not have a judgment entered against you. The judgment itself is bad for your credit, but the execution proceedings that may follow… Continue reading
The New Year’s Checklist for Employers
The New Year is an opportunity for business owners to review various aspects of their business and to make changes to improve its operation. One issue an owner may want to evaluate is whether it has an employee policy manual otherwise known as an employee… Continue reading
Pennsylvania’s New Public Works Employment Verification Act
Beginning January 1, 2013, a contractor or a subcontractor on a “public work” project in Pennsylvania must verify to the public body it is contracting with that it has checked the employment eligibility of its newly hired workers. As a precondition of being awarded a… Continue reading
Be Careful How You Sign Documents
Sometimes we learn the simplest things last. Not doing those simple things can be costly. One of the simplest rules of owning and operating a corporation or a limited liability company is to clearly sign papers and contracts as a representative of the business… Continue reading
Requirements Contracts
In the commercial setting, one type of contract that requires particular attention and input from the client is the so-called “requirements contract,” under which a supplier obligates itself to produce all of a particular buyer’s requirements for a given product during the term of the… Continue reading
Corporate Officers Making Personal Promises
It is a well settled rule of law that a corporation generally shields the actions of officers, directors and employees from personal liability when they engage in company business. In fact, the main purpose of corporate formation is to shield an individual or individuals from liability… Continue reading