Many small businesses don’t bother to go through the process of trademarking their name, logo or symbol. A trademark is simply “a recognizable sign, design, or expression which identifies products or services of a particular source from those of others.” A business can have a common law trademark simply by using the name or logo…
Restaurants, more than any other industry, are targets for Federal and New York State Department of Labor audits, as well as private wage and hour lawsuits. Failing to properly pay workers or keep appropriate payroll records can lead to significant financial exposure for employers. The biggest danger areas that result in liability for restaurants include…
Are you thinking of selling your business? If your business is incorporated, then one of the first issues that you will have to consider is whether you should sell the assets of the business (both tangible and intangible) or the shares of the corporation that operates the business. The decision to pursue a stock sale…
Non-compete agreements can offer valuable protection to an employer’s business interests. They are among the 10 items employers should consider including in their employee hiring packages. These agreements provide that “one party (usually an employee) will not enter into or start a similar profession or trade in competition against another party (usually the employer).” This…
As you are aware, federal changes to wage and hour laws continue to be on hold. However, New York State has enacted a number of new laws that employers must comply with in 2017. Exemption Status and Wage Increases In May 2016, the Federal Department of Labor (“DOL”) issued new rules regarding the threshold “white…
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…
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…
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…
