2016Dec
0

GETTING YOUR BUSINESS READY FOR SALE

If you are planning to sell your business, there are several steps you should take to make sure your corporate house is in order and get your company ready for sale. If you don’t prepare ahead of time, you risk significant delays in closing the transaction and even losing a potential buyer. Here are a…

2016Nov
0

GET READY FOR NEW MINIMUM WAGE AND OVERTIME RULES

Employers need to prepare for two big changes going into effect next month. The new rules for determining whether an employee is “exempt” from overtime pay and increases in minimum hourly wages will have a significant impact on businesses. Here’s what you need to know: Increase in Federal Exemption Status Effective December 1, 2016, the…

2016Oct
0

THE CHANGING EMPLOYMENT LAW LANDSCAPE FOR NEXT GENERATION BUSINESS OWNERS

A significant portion of successful companies on Long Island are closely-held family businesses. As these companies transition to the next generation, they are facing a new employment law landscape which poses additional challenges. In many cases, the older and younger generations don’t agree on how to change employment practices to avoid liability. The key to…

2016Sep
0

EMPLOYERS BEWARE: WHAT YOU NEED TO KNOW ABOUT PAYING INTERNS

Many employers hire high school or college students, or recent graduates as interns. The internship model is simple: the employer gives the intern experience, a good reference and something valuable on their resume, and in exchange, the intern provides some service to the employer that enhances its business. In most instances, the intern is either…

2016Aug
0

IS YOUR BUILDING IN COMPLIANCE WITH THE NEW CARBON MONOXIDE DETECTION RULES?

As of June 27, 2016, commercial property owners, landlords and tenants are required to comply with legislation regarding carbon monoxide detectors. For those who don’t have the mandated detection equipment, it’s time to look at your lease agreement to determine who is responsible for compliance with the law. Non-compliance can result in civil, criminal or…

2016Apr
0

NYS TO RAISE MINIMUM WAGE SIGNIFICANTLY OVER NEXT SEVERAL YEARS

If you’re a business owner and have employees, you need to know that the New York State Legislature has recently passed a new law that will greatly impact you and your business over the next 5 years.  Specifically, in the next three to five years (depending on where your business is located within New York…

2016Jan
0

2016 BRINGS IMPORTANT CHANGES TO NY AND FEDERAL LABOR LAWS

Entering the coming year it is critical that New York based employers understand recent changes to various federal and state employment laws that will significantly affect their business as they proceed forward. NEW YORK CHANGES IN WAGES Effective January 1, 2016, New York has increased the minimum wage for all employees to $9.00 per hour….