Why You Cannot Withhold Payments from Employees

Cari Rincker Business/Commercial Law, Employment and Labor Law, Employment Law 2 Comments

Paying employees is among the top legal obligations of employers. Whether due to financial difficulties or worker conduct, it is generally illegal to withhold payment from employees. The U.S. Department of Labor (DOL), as well as state labor boards, have strict laws that address wages. Failure to pay employees could result in a lawsuit, an injunction, civil penalties, or even …

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Four Things to Make Your New Job a Success

Rincker Law Business/Commercial Law, Employment Law, Estate Planning Leave a Comment

Getting a job begins a major chapter in your life. As you navigate this new territory, we are here to help ensure a prosperous transition. To protect the future you are creating, you need proper financial and estate planning. As you move through this new phase of your life, there are several things you ought to get or review to …

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How the Employee Onboarding Process Can Affect Your Estate Plan

Rincker Law Employment Law, Estate Planning Leave a Comment

Starting a new job is an exciting new chapter in your life. Depending on your company’s onboarding process, there can be a lot of moving parts. You may feel overwhelmed by the introduction and review of the many different types of employee benefits. Not only are there forms to be filled out, they need to be filled out properly to …

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What You Need to Know about Hiring Seasonal Employees

Rincker Law Business/Commercial Law, Food & Ag Law 1 Comment

Summer is a popular time for businesses to hire temporary workers. Restaurants, golf clubs, resorts, amusement parks, and other warm-weather entertainment destinations depend on the summer months to boost their bottom line for the entire year. Despite the current labor shortage in some areas, this summer is expected to see a hot labor market as people emerge from pandemic lockdowns …

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What Employers Should Know about Giving Gifts to Employees

Rincker Law Business/Commercial Law, Employment and Labor Law 2 Comments

In today’s competitive job market, giving gifts and other fringe benefits to employees can be an effective way for employers to show appreciation. But generous employers should understand that most gifts and bonuses—even small ones—have tax implications. Employee gifts must be taxed and included on year-end tax forms unless they qualify as de minimis benefits, are presented as achievement awards, …

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How Does a Member Leave an LLC?

Rincker Law Business/Commercial Law Leave a Comment

The owners of a limited liability company (LLC) are called members. At some point, an LLC member may find that they want or need to withdraw from the LLC. That member, as well as the other owners of the LLC, may wonder how to accomplish this. To properly withdraw from an LLC,  there are a few key questions that the …

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Stay Bonus Agreements: What They Are and How to Use Them

Rincker Law Business/Commercial Law 1 Comment

A stay bonus agreement, also referred to as a retention bonus agreement, is a written agreement between a company and a key employee to induce the employee to stay with the company. Understanding the definition and purpose of this type of bonus agreement is critical for both business owners and employees. A stay bonus agreement is a contract between a …

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Can (and Should) My Business Mandate the COVID-19 Vaccine for Employees?

Rincker Law Business/Commercial Law Leave a Comment

Just a year ago, businesses across the United States shuttered temporarily in response to the novel coronavirus. Some of these businesses could not weather the virus storm and closed for good. Now that  COVID-19 vaccines are available, many businesses are wrestling with deciding when to resume in-person operations and bring their staff back full-time. At the time of writing, 1.5 …

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Understanding Payroll as an Employer

Rincker Law Employment Law Leave a Comment

Congratulations! Your business has grown and you are ready to hire your first employee. Where do you begin? What will the employee’s schedule be and how much will the employee get paid? Will your new hire be an employee or an independent contractor—and what is the difference? Did the employee sign an employment agreement? Before your new hire begins, there …

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What You Need to Know about Buy-Sell Agreements

Rincker Law Business/Commercial Law Leave a Comment

If you are a business owner, you probably worry about your bottom line, employee retention, and health insurance premiums, but have you also considered what will happen to your business if you are in an accident? What if your business partner gets divorced and your partner’s ex-spouse is awarded part ownership of the business and wants to make decisions affecting …

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What You Need to Know about Hiring Your First Contractor

Rincker Law Business/Commercial Law Leave a Comment

Hiring workers is an important step for a business. A business owner is faced with a chicken-and-egg dilemma: Is it better to hire employees anticipating that the business will grow, or wait until the business has grown and then hire employees? When a business is starting out, a full-time employee may not be needed. Business owners may instead consider hiring …

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Understanding Payroll as an Employer

Rincker Law Business/Commercial Law, Employment Law Leave a Comment

Congratulations! Your business has grown and you are ready to hire your first employee. Where do you begin? What will the employee’s schedule be and how much will the employee get paid? Will your new hire be an employee or an independent contractor—and what is the difference? Did the employee sign an employment agreement? Before your new hire begins, there …

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