Business Attorney,Lawyer
Written by Edward Lai

What to Look Out for to Start a Business in 2017

Starting a new business is never an easy task; there are constant changes in the corporate world that a potential business owner has to look out for. There are numerous laws and regulations for owning and operating a business on not only the federal, state and county level, but in some states at the city level as well.

So what are some of the potential changes that business owners have to look out for in 2017? Let’s take a quick look at the some of the important points:

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Lawyer,Oakland CA
Written by Edward Lai

Tax Tips for Personal Injury Claims

Tax season is just around the corner and many who have filed and won their personal injury claims will have to report the money they were awarded on their returns. But surprisingly every year more and more of those who have won settlements do not file their taxes properly and end up losing money unnecessarily.

So what should you look for when filing taxes and including your personal injury claim? Not so surprisingly there is a lot of money that can be filed as tax free if done properly.

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Business Attorney,Construction
Written by Edward Lai

What Job Searchers Should Look Forward to in 2017

The U.S economy is looking stronger as a new report shows that the unemployment rate has dropped below five percent. With this being said, those seeking jobs will have a lot to look out for when job hunting during the next year. If those looking for a job are left unprepared they could find themselves jobless for longer than expected.

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Construction Defect Family Law
Written by Edward Lai

Handling Family Business Disputes

Any lawyer who has handled family business disputes can say that these cases tend to get ugly, protracted and destructive. This is normally caused by the family members in power not wanting to relinquish that power over time or at all. However, a good litigator will be able to handle these disputes as long as they are well prepared and willing to go to the extra mile.

But why are family business disputes so important? For most a family business would mean a small mom and pop store that has been in the family for many years. However, it should be noted that several large businesses have been family run and owned for many years. Many businesses even employ hundreds of thousands of employees.

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Lawyer,Business Attorney
Written by Edward Lai

How to Save Your Small Business’ Online Reputation

Online reviews now a days are a dime a dozen, and for many established businesses these reviews mean little to them. However for a new small business owner a power review could mean the difference between closing down or initial success.

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Business Attorney,lawyer
Written by Edward Lai

Recordkeeping and Federal Overtime Rules Change

Under a new ruling, which will be effective on December 1, a salaried worker must now make at least $933 per week to be exempt from overtime pay. This amount is a considerable hike from the current minimum of $455 per week.

Employers are now expected to keep up with the new ruling and to coordinate their systems according by the time the new ruling takes effect. Employers should take into account that a system upgrade may be needed to accommodate the increase of non-exempt employees.

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Business Attorney,lawyer , help
Written by Edward Lai

Federal Contractors are Now Required to Allow Paid Sick Leave to Employees

The Department of Labor has finally issued regulations requiring all federal contractors provide paid sick leave to their employees. The regulations, which were implemented on September 29, affect about 1.5 million employees nationwide.

Which employees are affect by the regulations?

All employees who work for a federal contractor under a covered contract are eligible for paid sick leaves. But what does a covered contract mean?

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Business Attorney, Corporate Business,
Written by Edward Lai

Comparing LLCs, LLPs, S Corps, and C Corps

Businesses can be comprised of only one person or they can be at the other end of the spectrum — multinational companies with thousands of employees, and their needs will vary as far as business structure. The chief considerations in incorporation revolve around taxation and liability. The primary differences among limited liability companies (LLCs), limited liability partnerships (LLPs), S corporations (S corps) and C corporations (C corps) involve the determination of how much is payable to the Internal Revenue Service when profits are taxed and who is responsible for paying these taxes.

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Lawyer,Corporate Business
Written by Edward Lai

Articles of Incorporation and Operating Agreement Comparison

Certain types of corporate structures are required to draft legal documents that provide information about the company, such as its purpose and how it will operate. For a corporation, this legal document is the articles of incorporation. For a limited liability company (LLC), it is an operating agreement. These two documents have similarities and differences as to how each is utilized by its respective business structure.

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Lawyer,Construction Defect
Written by Edward Lai

A Guide to Becoming a Land Developer Part 2: Other Considerations

As discussed previously, the current real estate market may present the best opportunity to become a developer. The cost of land is still reasonable, and the number of contractors seeking employment remains high. Nevertheless, becoming a successful land developer will be a challenge, and starting up the business will need careful thought and planning. In Part 1, hiring for key roles was discussed. Part 2 discusses other considerations.

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