NEW THRESHOLDS IN EFFECT FOR EMPLOYEES TO BE CONSIDERED EXEMPT FROM MINIMUM WAGE AND OVERTIME REQUIREMENTS UNDER THE FAIR LABOR STANDARDS ACT As of January 1, 2020, changes to overtime pay regulations under The Fair Labor Standards Act (“FLSA”) went into effect for employees whose…
Once a buyer and seller have finished their preliminary discussions on the terms of a purchase and sale of a business or real property, they will usually draft and sign a Letter of Intent (LOI) which describes the basic terms of the transaction. Clients have…
Under the Maryland Healthy Working Families Act (aka “Maryland’s paid sick and safe leave law”) passed on January 12, 2018, all Maryland businesses with 15 or more employees (including part-time, seasonal and temporary employees regularly working a minimum of 12 hours per week and calculated…
Any construction company doing at least $10,000 of business with the federal government as a contractor or subcontractor is required to (1) ensure that it does not discriminate against any employee or prospective employee based on sex, race, color, religion, national origin, disability or status…
On December 1, 2016, changes to certain overtime pay regulations under The Fair Labor Standards Act (“FLSA”) were to go into effect. Based on a federal judge’s ruling, those changes have been put on hold for the time being, as the judge ruled that the…
Many employers are aware of The Family and Medical Leave Act (“FMLA”). This federal law generally provides that companies who employ 50 or more employees within 75 miles must allow employees who have worked at least 1,250 hours over the previous 12 months to take…
On March 25, 2014, in the case of United States v. Quality Stores, Inc., the U.S. Supreme Court determined that severance payments are considered “wages” under the Federal Insurance Contributions Act (FICA) and therefore, employers are required to withhold FICA tax from such payments. It…
In 2011, the National Labor Relations Act issued a ruling requiring employers who are covered by the NLRA to post notices in the workplace informing employees of their rights under the NLRA. Since that ruling, several groups and organizations have undertaken legal challenges to this…
What is an IDOT? In connection with the borrower of money receiving a loan, a lender (e.g., a bank) will usually require security to ensure repayment of the loan. Often, a third party (guarantor) will provide that security in the form of an indemnity deed…
Faith Harrison discusses the benefits and components of the limited liability company. For more informative videos discussing various legal topics, please visit our Media Center page.
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