Why SEC Compliance is Important? Businesses invariably find themselves under the watchful eye of the Securities and Exchange Commission (SEC) when their business offers certain types of employee benefits such as a 401K, stock options, a credit union and group health coverage. Business owners need to know SEC compliance regulations and federal laws that relate to their business.
One of the driving factors when people choose a job are payment and benefits. Since benefits are part of the compensation plan it is important to make sure that the mix of benefits that are offered to employees are attractive. This is especially important in companies where you want to avoid a high turnover rate. Having employees stay with a company for a long time means they should be happy with their pay and benefits. However, there are challenges that sometimes arise. Read More
When people think about having a business, they build a picture in their mind of offering a product or service for money. They hope to earn a substantial amount of money to eventually retire with something to show for their efforts and business savvy. However, what a lot of entrepreneurs do not consider is how important it is to work with an attorney when addressing a number of different business-related issues. The legal side of doing business is often the furthest thing from their thought process. Yet, it is a critical matter that should be understood sooner than later.
Starting a Business and Filing with the State
When it comes to starting a business, some thought must go into how to properly structure that business for an entrepreneur’s needs. Whether to establish as a Sole Proprietor, partnership, form an LLC, LLP, S-Corp, C corps or similar business structure depends on a lot of different factors. Hiring a lawyer who can help an entrepreneur navigate the murky waters and legal procedures that goes in to forming and filing such business structures with the state is a smart decision. Too often business owners try to do this themselves and fill out something incorrectly which can negatively impact their business down the road. Read More
When a marriage comes to an end, it is not just the couples that go their separate ways. There is also a division of assets and liabilities, and even child custody and alimony issues to deal with. If you own a business, there’s the question of what happens to the investment.
If you are a business person who is on the verge of a divorce, you are probably wondering how you will protect your business from the potential division. After all, your business is an asset or investment and might be subject to division under the equitable distribution act. But if it’s any consolation, it is possible to protect your business during a divorce. The court classifies the property as either separate or marital; if your business falls under the separate category, you won’t have to divide it. Read More