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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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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