The federal government has a minimum wage set by law. That figure represents the lowest possible rate that employers can pay their workers in any state in this country. That rate was recently increased to $9.65 for most residents at the beginning of this year. There are a few different types of workers that you don't have to pay this much though.
Despite the old saying, promises are not meant to be broken -- especially when those promises are part of a contract. But what can you do when someone breaks a contract with your company?
When you go into business with a good friend or relative, it can be tempting to believe that you don't really need to have a formal partnership agreement. But partnership agreements aren't designed to cause disputes. They're designed to prevent them. When an agreement is in writing, everyone can easily stay on the same page.
Attorney General Dana Nessel of Michigan has filed a lengthy complaint against a number of pharmacies in the state, alleging that they have all become part of the "illegal drug market" and are, therefore, liable for civil damages under the 1994 Drug Dealer Liability Act.
Understanding your obligations to all of your employees isn't just smart -- it's essential if you want to avoid discrimination claims. Today, we're going to discuss the protections afforded by law to your pregnant employees.
A lot of people dream about owning their own business, so you can hardly be blamed for getting excited about an opportunity to take over an existing business that you admire.
You may have dreamed of passing the family business down to your children and your grandchildren, hoping your enterprise would grow. However, that's often not how it works. Many family businesses that survive their founders don't have any clear heir to take the place of the original owner.
Around 500,000 existing businesses hang up the "under new ownership" sign every year after changing hands -- mostly because it's often easier to buy an existing business than to start one from scratch.
A Subchapter S (Sub-S) corporation is a type of business that meets specific requirements laid out by the Internal Revenue Service (IRS). In essence, it allows small companies with a limited number of shareholders (under 100) to enjoy the benefits of incorporating while still keeping the same tax rate as a partnership.
Misleading mailings? What exactly is that, and how could it be a big legal problem for a business?