If one of your goals for the coming year is to sell your business, you likely have mixed emotions about it. Perhaps this is something you have been contemplating for a while, or circumstances have told you this is the right time to let it go and try something new.
Ain't That America: Part Five
Part Five: What qualifies as a "taking" of private property that would trigger your right to compensation?
What remedies are available after a breach of contract?
As we've discussed before, there are situations where an agreement you have entered into with a customer, vendor, supplier or other party is found to be unenforceable. Assuming you have a valid, enforceable contract, though, what can you expect when it comes time to enforce it?
Labor Department guidance simplifies employer tip credits
If your organization employs workers who customarily receive tips, you may have considered taking a federally authorized credit against some of their tips. The Fair Labor Standards Act requires that all covered workers be paid at least $7.25 an hour, but tips can be counted toward some of the minimum wage requirement. Employers can use the tip credit to pay as little as $2.13 an hour to tipped workers as long as their tips make up the remaining $5.12 per hour.
