Cybercrime is posing a rising threat to the private sector, particularly to small- and medium-size businesses, which are attractive targets because they tend to have fewer information security measures in place compared with larger enterprises. The U.S. Sentencing Commission (Commission) has tried to crack down on identity theft and cybercrimes by increasing the penalties. The [...]
After developing and adopting the company’s new testing policy, it is now time to examine the practical considerations of implementing the new policy. It is Critical to Ensure the Accuracy of the Tests. The highest concern an employer involved in drug or alcohol testing programs has to be in ensuring the accuracy of [...]
It is obvious, but often overlooked—formulate your policy. The first step in developing a comprehensive program on employee use and abuse of drugs and alcohol is to create a clear policy that advises employees of the company’s new approach that the employer will take in identifying, treating and disciplining employees who were found to have [...]
Today’s employers have to be aware of the economic costs of employee alcoholism. Statics are starting to show that those costs, however, may be small in comparison to the expenses associated with the generation of new employees that are as likely to use and/or abuse drugs as they are alcohol. In stark contrast to the [...]
On November 1, Wisconsin’s new concealed carry law went into effect, making it legal for individuals who have a concealed carry license to carry concealed firearms in public (with certain exceptions – for example, even with a concealed carry license, it is still not legal to carry a firearm within 1,000 feet of a school). [...]
One of the most profitable sub-industries in the credit card industry is what is known as “Zombie” debt collection. Zombie debt is old and uncollected debt purchased for pennies on the dollar and then collect on debt for which they couldn’t otherwise sue. The Fair Debt Collection Practices Act provides only a minimal deterrent to [...]
Here is part II of our look at LLC’s and their use in business continuity and succession planning. III. Non-Tax Benefits of Forming an LLC. There a number of non-tax benefits that stem from formation of an LLC. Chief among these non-tax benefits are the following: . LLC members are shielded from personal liability. This [...]
Here is Part II of my answers to top ten questions I get asked by a clients or a colleagues. 6. I understand that if I organize my business as an LLC, I will not be able to provide my employees with options or some other form of equity participation. Is that correct? No. LLCs [...]
Limited Liability Companies present unique opportunities not available in partnerships and corporations for business continuity and succession planning here are some of the key advantages and distinctions.
As I have practiced over the years, I have heard some of the same questions over and over again from both colleagues and clients relating to business entities; that is, how do they differ and why when to use one type of entity over another. Here are some answers to top ten questions I get [...]