As we discussed in a recent post, the Families First Coronavirus Response Act (“FFCRA”) requires small businesses to paid employees for time away from work for various reasons related to the coronavirus epidemic. The FFRCA provides two types of benefits. Employers must pay an employee at his or her regular…
[For an update based on agency guidance please see Small Businesses Receive Help with Coronavirus Paid Leave.] On March 18, Congress passed, and the President signed on the same day, the Families First Coronavirus Response Act (FFCRA) that, among other things, requires employers to give employees paid time off for…
We previously discussed whether nonprofit organizations and for-profit businesses can use unpaid interns without violating the Fair Labor Standards Act (or FLSA). We also discussed allegations of violations of the FLSA related to unpaid interns in the fashion industry. Earlier this year, the Department of Labor revised its policy, known…
If you’re not aware that Congress is working on a major revision to federal tax law, you’ve not been paying much attention to the news. The House of Representatives passed its version of the Tax Cuts and Jobs Act, then the Senate passed a similar, but not identical, bill. The…
I’ve written before about the need for the owners of small businesses to have at least three professionals: a business lawyer, a tax accountant, and an insurance broker. Because it has been a while, and because the advice is so important, I decided to write about it again. Thinking about a group of…
This is the last of eight articles on series LLCs and the new Indiana series LLC statute that will take effect on January 1, 2017. Earlier articles are: Part I, Basic concepts and terminology Part II, Is a series an entity? Part III, What constitutes a series? Part IV, Setting…
Earlier articles on the topic of Indiana series LLCs are here: Part I, Basic concepts and terminology Part II, Is a series an entity? Part III, What constitutes a series? Part IV, Setting up an Indiana series LLC Part V, Operating agreements for Indiana series LLCs Part VI, Alternatives for…
If you are not already familiar with series LLCs or with the new Indiana series LLC statute that takes effect on January 1, 2017, you may want to read the articles at Part I, Part II, Part III, Part IV, and Part V. In the first of these articles, I compared a series…
[The previous articles on this topic are here: Part I, Part II, Part III, Part IV.] Now that we’ve discussed the formal public filings necessary to set up a master LLC and series, we’ll turn out attention to the content of operating agreements. As mentioned in the last post, every…
The first article on series LLCs contained some basic concepts and terminology. The second and third ones addressed the fundamental questions of whether a series is a separate entity (answer: yes, but it lacks some of the attributes of a separate entity) and of what defines or constitutes a series (answer, at least as contemplated by…