Employee Handbooks

Employee Handbooks Is One Required? The short answer is no. There is no legal obligation that a company have a handbook. However, ask any human resource expert, business owner or lawyer and each will tell you that having a handbook is essential. Asked why, each of the folks would likely give a different reason. The human resources expert would likely say it communicates the company’s policies and Read More

Commission Agreements

Commission Agreements  California law requires that commission agreements be in writing, explain the method by which commissions will be computed and paid, and be signed by the employee. While this seems relatively straightforward, commission agreements have earned a fair amount of attention as employers have, as is sometimes the case, failed to fully comprehend their responsibilities under the law. Read More

So You Want To Convert All Paid Leave To PTO?

So You Want To Convert All Paid Leave To PTO? As most business owners know, California law on sick leave seems to be ever-evolving. And trying to harmonize and keep track of this along with paid vacation leave can be extraordinarily difficult. To simplify the administrative effort in tracking leave balances, many employers are moving to a one-leave-bucket model and calling all paid leave paid time off Read More

Leave Entitlement Law

Leave entitlement under California and federal law is complex. This table is intended to provide a summary of the various leave programs with some key provisions. This chart is subject to change in accordance with applicable law. For the most up to date version of this chart click here: https://www.lawvex.com/leave-law   LAW CALIFORNIA Read More

S-CORP SHAREHOLDER EMPLOYEES, WATCH THOSE DISTRIBUTIONS

S-CORP SHAREHOLDER EMPLOYEES, WATCH THOSE DISTRIBUTIONS So you’ve evaluated a number of business structures and decided that as a sole employee, a Subchapter S Corporation is the most advantageous for your business. Not only does it offer the personal liability protection of the traditional corporation structure, but income passes through to the individual shareholder. And, not only can you take compensation from Read More

New Deduction for Small Business under the Tax Cuts and Jobs Act of 2017

Congress just passed the most sweeping tax reform since the 1980s – what does it mean for the small business owner? The Tax Cuts and Jobs Act of 2017 (TCJA) provides a new deduction for business income from pass-thru entities. But, your small business must either pay wages or own qualified business property. WHO GETS THE DEDUCTION? Individual taxpayers who are Sole proprietors, LLC members, S-Corporation Read More

Take Note… 2018 Law Changes For Your Business

You are undoubtedly looking toward 2018 and strategizing how to foster growth and continue prosperity in your business.  The Legislature and Governor have also been busy in anticipation of the new year.  And the result, like in years past, is more rules and regulations. If there’s a theme this year, I’d say it’s privacy. To help with your preparation, here is a summary of changes coming for 2018. A.B. 450: While Read More

Financing Your Business

All business owners, at one time or another, have needed an influx of capital. And for many businesses, securing the necessary capital to invest and grow can be challenging.  Relatively new businesses often lack the track record necessary for funding sources to feel comfortable with making an investment.  Lending processes can be burdensome which dissuades some business owners. Locating funding sources that meets the Read More

Small Claims Court

  At one point or another, small business owners will have overdue accounts receivables. Collecting can be achieved through a variety of means. One such option is small claims court. This is a cost-effective and friendly process that can help business owners achieve success with reluctant debtors. The current limit on small claims is $10,000 for persons or $5,000 for businesses. Demand Letter Before you Read More

How To Recover Attorney Fees

In the usual course of a lawsuit, you have a number of expenses. These include court fees, fees for experts, fees to those who serve notice, administrative expenses, and last but not least, attorney fees. And in most cases, attorney fees represent the single largest expense for a client possibly occupying 50-80% of the cost of litigation.  More importantly, California follows the general rule that each party bears Read More