All corporations are not classified as equal. When it comes to filing taxes, knowing what you can classify your business as is an important first step. A C corporation is a corporation that is taxed separately from its owners. This generally includes all for-profit corporations. An S corporation, however, does not pay income tax, but its shareholders do....
Monthly Archive: December 2020
The Fair Labor Standards Act (FLSA) is a complex, multifaceted law. Contained within this law are many complex concepts, rules, and terminology. Although mastering this law is a daunting task, doing so can be extremely rewarding because this law offers many protections and benefits for workers. One of the key concepts within the FLSA is...
A visit from a Department of Labor investigator can inspire a range of emotions, including anxiety, nervous anticipation, and even fear. Recently, we’ve discussed some of the issues related to the Fair Labor Standards Act (FLSA). The Department of Labor (DOL) is the organization in charge of monitoring compliance with the FLSA, among other labor...
It if weren’t for limited liability that shareholders of a corporation enjoy, not many people would be willing to engage in multimillion (and multibillion) business transactions. Fortunately for shareholders, LLC members, and partners in a limited liability partnership, having ownership of certain types of businesses allows for limited personal financial liability when it comes to...
Here in the State of Florida, and elsewhere throughout the country, employees and job applicants are protected from various forms of discrimination. Employees are also protected from retaliation by employers when they engage in certain types of behavior related to these protections. If you’re a business owner in Florida and an employee or job applicant...
A common type of restrictive covenant used in the business world is what’s referred to as a “non-circumvention agreement.” This agreement shares some characteristics with non-compete and non-disclosure agreements but serves a distinct purpose for business owners who want to ensure they are compensated for business opportunities they present to other companies. How Does a...
Find the Employer Law Advocates You Need At Trembly Law The Coronavirus (or “COVID-19”) crisis is generating seismic changes throughout the economic landscape of many, if not all countries throughout the world. Such changes force business owners and employers to consider how they manage their business operations, which in turn make it difficult to manage...
In a recent post, we provided some general do’s and don’ts for employers planning on using non-compete agreements to protect their legitimate business interests. Broadly speaking, there are several requirements for employers to meet in order for a non-compete agreement to be enforceable in Florida (an employer-friendly state). The main reason these requirements exist is...