News & Analysis as of

Business Ownership Fair Labor Standards Act (FLSA)

Kohrman Jackson & Krantz LLP

Common Mistakes New Business Owners Make & How to Fix Them

Starting a new business? The U.S. Bureau of Labor Statistics indicates that 20% of new businesses fail in the first two years, 45% in the first five years. As daunting as those figures may seem, there are measures you can...more

Dunlap Bennett & Ludwig PLLC

Important Laws That Every Business Owner Should Follow

Navigating the laws of what a business will need to comply with is not an easy task for anyone considering opening and/or running a business. There are several laws that business owners will need to be mindful of when forming...more

Franczek P.C.

White-Collar Exemptions: Paying Employees' Wages in Equity, Rather than Cash

Franczek P.C. on

The saying goes that “Cash is King.” However, entrepreneurs often quickly learn (sometimes in painful ways) that it is Cash Flow that is really King. Run a quick Google search for “accounts receivable” financing or factoring...more

Laner Muchin, Ltd.

Court Rules That Owner Of Business Can Be Held Personally Liable For FLSA Violations Even If He Was Not Involved In Alleged FLSA...

Laner Muchin, Ltd. on

In Irizarry v. Catsimatidis, the Second Circuit Court of Appeals recently ruled that the owner of a supermarket chain with over 1700 employees could be held personally liable for his company’s alleged FLSA violations. ...more

Fisher Phillips

Top Official Held Personally Liable Under FLSA

Fisher Phillips on

A recent decision by the Second Circuit U.S. Court of Appeals (Connecticut, New York, and Vermont) is a reminder that individual business owners and management members can face claims of personal liability for federal Fair...more

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