Membership in a limited liability company (LLC) may come with voting rights. Member voting rightsshould be addressed in the LLC’s operating agreement, which typically provides that LLC members mustvote on several issues that are material to the continuance of the business. A unanimous or majorityvote may be required depending upon the nature of the matter …
The annual deadline to report a HIPAA breach is Tuesday, March 1, 2022, for HIPAA Covered Entities and Business Associates to file their annual breach reports with the U.S. Department of Health & Human Services (HHS), Office for Civil Rights (OCR). Recall that a “breach” is a Privacy Rule violation that also compromises the security …
Owning a business can impact every area of a person’s life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa. Failure to think about how these two significant institutions interact can have unforeseen consequences—everything from addressing time management …
The Business of Marriage: Considerations for Married Business Owners Read More »
Business owners agree that people are the lifeline of a company. The people you hire can make or break your business. Yet as an employer, it is essential to recognize that things change. There are instances when you may have to terminate an employee. Developing a severance package is one effective strategy for dealing with …
Business owners may be forced to revamp their compliance programs in the wake of the recent COVID-19 pandemic. While compliance programs are designed to provide safeguards for businesses, those safeguards may not be practical during the current climate of the business world. Companies may need to consider adjusting their current compliance programs to one that …
Creative Ways to Adjust Your Compliance Program During the COVID-19 Pandemic Read More »
Business owners are facing tough decisions as they attempt to safely reopen their businesses to employees and consumers during the pandemic. The workplace as we knew it is on hold as the threat of COVID-19 is still very present. Many businesses have begun reopening in stages and are implementing new strategies to ensure the safety …
Is Filing a Trademark Important For A Business? Although constructive use in the market provides some intellectual property protection, you should look into filing a trademark or service mark if you are or plan to advertise your product or business on the internet or out-of-state. Being the first to use your trademark or service mark …
Are Contract Employees Actually Employees? We frequently receive questions about “contract employees.” However, usually these workers are not employees at all; they are independent contractors performing services for a business pursuant to a services agreement or independent contractor agreement. Unlike employees, independent contractors don’t receive benefits, taxes aren’t deducted from their compensation, they usually have …
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