Blog

How to Protect Yourself From Employment Discrimination Claims

If you’re an employer, chances are you’ve concerned yourself with the Employment discriminationpossibility of an employment discrimination lawsuit. Even if you go out of your way to treat all your employees with respect and fairness, the risk of a discrimination lawsuit is ever present. And unfortunately, simply being well-intentioned doesn’t necessarily protect you from a discrimination suit. Continue reading “How to Protect Yourself From Employment Discrimination Claims”

CMS Proposes Cuts for Hospital-Owned Outpatient Services

Facebook’s BooksThe Centers for Medicare and Medicaid Services (CMS) have proposed changes to Medicare payments that would significantly reduce payments to many physicians and hospital outpatient healthcare services. The changes in policy would also increase the wage index (the degree to which payments are adjusted based on regional average wages) for low-income hospitals, like those found in many rural areas, while decreasing the wage index for higher-income hospitals. The move is set to gradually reduce the payments to hospital-owned, off-campus clinics over the course of two years, which CMS predicts will save Medicare more than $800 million per year. Continue reading “CMS Proposes Cuts for Hospital-Owned Outpatient Services”

Delaware Court Approves Shareholder Demand to See Facebook’s Books

Facebook’s BooksThe Delaware Chancery Court has recently approved a demand by Facebook’s shareholders to see their books and records. This demand, called a Section 220 demand, was filed as a means of examining potential wrongdoing by Facebook’s leadership during the Cambridge Analytica scandal. Cambridge Analytica (CA), a now-defunct political consulting firm, was accused of stealing the data of 50 million American Facebook users which it utilized to influence the 2016 United States Presidential Election. Continue reading “Delaware Court Approves Shareholder Demand to See Facebook’s Books”

The Danger of Double Taxation

Double TaxationOftentimes, when people are discussing corporate taxation, one of the things they’ll refer to is “double taxation,” and how unfair it is. The term may be confusing for people unfamiliar with the tax code, who wonder how it is that corporations can be taxed twice. However, it’s not as complicated as it sounds, and understanding double taxation can make a big difference when deciding how to organize your business.
Continue reading “The Danger of Double Taxation”

When is it Time for a Business Divorce?

investigation into blog techPerhaps you’ve been with your business partner for a long time. It’s been years, maybe decades, and for a while, it was working out fine. However, over time you’ve found yourselves growing apart, spending less time together or fighting more frequently than you once did. Even if you still get along just fine otherwise, it might be time to consider a business divorce, for both the sake of your business and for your own sake. Continue reading “When is it Time for a Business Divorce?”

The Benefits of “Pass-Through” Companies

investigation into blog techIf you are involved in business long enough, you’ll hear about “pass-through” companies, and you might wonder what those are. What’s passing through them, and why would you want something to pass through them at all? Put simply, there are certain kinds of companies that will allow you to treat the company’s income as though it were your own income, which has both benefits and drawbacks. Continue reading “The Benefits of “Pass-Through” Companies”

House Judiciary Committee Opens Antitrust Investigation Into Big Tech

investigation into blog techThe United States House of Representatives’ Judiciary Committee has begun to investigate several major tech companies, including Google, Facebook, Apple and Amazon, for alleged violations of antitrust law. The allegations stem from these companies’ dominance of their respective markets, as well as certain alleged anti-competitive practices that allow the companies to keep competitors from encroaching on their market share. A focus in the initial hearing was the impact these companies have had on the news industry, particularly the advertising revenue models of Google and Facebook, which are blamed for a decline in the revenue generated by traditional news media. Continue reading “House Judiciary Committee Opens Antitrust Investigation Into Big Tech”

C-Corps vs. S-Corps: Which Are Right for You?

C-Corps bs. S-CorpsMost people starting out with their new business are going to have their hands full, simply thinking about whether incorporating is right for them. When they learn there are multiple kinds of corporations, they can start to feel overwhelmed. However, it’s not quite so complicated as it first appears, and there are just a few basic things you need to keep in mind if you’re deciding on how you want to incorporate your business. Continue reading “C-Corps vs. S-Corps: Which Are Right for You?”

When Should You Consider Reorganizing Your Business?

reorganizing your businessWhen you first start your own business, there’s a chance that you didn’t give much thought to how it was organized. Or, even if you did, the needs of your business can change over time, and what worked for your company when it was first starting out might not work now. Either way, there’s a decent chance that your current business organization needs an overhaul, and here’s how you can tell. Continue reading “When Should You Consider Reorganizing Your Business?”

Dissolving a Limited Liability Company in New York

dissolving a limited liabilityA Limited Liability Company (LLC) is one of the many business entities that one can form in New York. An LLC is defined as a company that combines elements of a partnership, sole proprietorship, and a corporation. In this type of business structure, the owners, or members, are generally not personally liable for the LLC’s losses and lawsuits.

Operating an LLC may not always go as planned. If you no longer wish to operate your business under the LLC, you may dissolve it. However, it is necessary to properly and officially dissolve the LLC in the State of New York. Failure to properly dissolve the business entity can lead to legal complications and monetary penalties.
Continue reading “Dissolving a Limited Liability Company in New York”