Monthly Archives: February 2012

Funding a Small Business: 7 Financing Sources to Consider

Bank loans, crowdfunding, venture capital, and more: entrepreneurs looking to start and grow their businesses have multiple options. In the end, however, there are only two kinds of money: debt, which is borrowed, and equity, which is traded for ownership of the company. To help you determine which is right for your company, here’s a… Read more »

Health Care Reform: Final Rules for SBC Released

On February 14, 2012, the Departments of Treasury, Labor, and Health and Human Services published final regulations on the new Summary of Benefits and Coverage (SBC) that insurers and group health plan administrators will be required to distribute later this year. Designed to provide clear and consistent information across health plans, the SBC will enable… Read more »

Workplace Discrimination: 7 Areas Targeted by the EEOC

“The [Equal Opportunity Employment Commission] received a total of 99,947 charges of discrimination in fiscal year 2011, a slight increase from the year before… [and] filed 300 lawsuits and 261 ‘merits’ lawsuits, which include direct suits and interventions alleging violations of the substantive provisions of the statutes enforced by the EEOC and suits to enforce… Read more »

5 Health Law Updates for Employers. You Should Know…

For your reference, here are five health law updates of note for all employers. You should know: 1. The Tale of the Tape: Healthcare Reform Law Reaching the Workplace [Sheehan] “The Patient Protection & Affordable Care Act (PPACA) imposes a number of mandates, on individuals, employers and insurers. While some mandates have been highly publicized… Read more »

8 Small Business Tax Law Changes That Could Help You Save More

The Small Business Jobs Act and the Tax Relief Act (both of 2010) might be more than a year old, but they can still help small business owners save money on their 2011 taxes. For your reference, here are eight changes from those laws that you should consider when preparing and filing your business return:… Read more »

How Many of These Essentials Are in Your Employee Handbook?

From law firm Dinsmore & Shohl, a list of ten essential policies and procedures you need to include in your employee handbook. Because your handbook is a key tool for communicating trust and establishing successful relationships with your workers: “It is the employee handbook that creates company policies, procedures and expectations that serve to avoid… Read more »

7 Employment Law “Hot Buttons” for Small Business – A Legal Roundup

The landscape of employment laws evolves quickly, and entrepreneurs and small business owners are often left scrambling to understand new rules and implement new procedures. To reduce the stress, read these legal updates on seven employment law “hot buttons” that should be on the radar screen of every small business: 1.Social Media in the Workplace… Read more »

Will Crowdfunding Supporters Be Disappointed When Legislation (Finally) Arrives?

If you’re an entrepreneur or small business owner, chances are you’re following the progress of draft crowdfunding legislation currently pending before Congress. The lawyers at Davis Wright Tremaine are too. So far, they’re not particularly impressed: “I think crowdfunding is a great idea in concept, but I am afraid that crowdfunding enthusiasts are going to… Read more »

It’s Valentine’s Day – Do You Know What Your Employees Are Doing?

“Valentine’s Day is right around the corner, and while you might be tempted to show your affection to colleagues with candy, flowers or thoughtful cards, labor attorney Steve Palazzolo has one suggestion: Don’t…  ‘What worked for us in elementary school does not translate successfully to the office. To avoid conflict – or, even worse, violating… Read more »

Your Business Healthy? Measure It Against These 10 Best Practices…

From Lane Powell’s Annie Lee, this update contains ten practical suggestions for maintaining the health of your business. It’s like a dose of preventive medicine for your company: “6. Adopt financial controls. Work with your accountant to develop appropriate templates for your general ledger and financial statements. Make sure your bookkeeper, controller or chief financial… Read more »

Starting a Small Business? Remember These 10 Essential Steps

Thinking of starting a business? These updates will help. For your reference, ten essential steps in planning, structuring and managing your new company, from lawyers and law firms on JD Supra: 1.Select a Business Name “The name selected must not deceive or mislead the public or already be in use or reserved… Several alternative names… Read more »

Social Media in Business: 8 Steps to Legal Compliance

Ready or not, your business’ online presence is becoming an integral part of your marketing plan, business strategy, and human resources program. To successfully navigate the legal and regulatory issues that govern the use of social media by your company and your employees, consider these eight recommendations for social media compliance: 1.Implement a company-wide social… Read more »

Business Immigration: Employer Compliance, Employment Authorization Cards, PERM Certification, Visa Updates, & More

“Although the Presidential candidates will not be delving into all the volatile details of immigration in an election year,” writes labor and employment law firm Fisher & Phillips, “employers should tackle immigration issues to avoid monetary penalties and criminal sanctions.” To help you do that, here’s a roundup of recent legal commentary on business immigration… Read more »

Employment Law Roundup: NLRB, California Wage-Hour, OSHA Postings, and More

For your reference, an overview of recent commentary on labor and employment law: National Labor Relations Board NLRB Report Challenges Validity of Many Commonly Used Social Media Policies (Littler) NRLB Report: Employers’ Social Media Policies Must be Narrow, Must not Restrict Right to Engage in Protected Activities (Mintz Levin – Employment, Labor & Benefits) Alternative… Read more »

FMLA Update: Proposed Changes to Military Family Leave Rules

On January 30, 2012, the Department of Labor announced proposed revisions to the Family and Medical Leave Act, including an extension of leave for military caregivers. The changes will not become effective for approximately 60 days, and may be further revised based on comments the Department of Labor receives during that time. Until then, here’s… Read more »