Facebook intended to launch a new cryptocurrency, known as Libra, but it has faced increased scrutiny from regulators, both in the United States and abroad. Libra would supposedly have permitted financial transactions to be done worldwide, without relying on Wall Street banks or other financial institutions. Although Facebook had initially managed to secure the partnership of major companies like Mastercard, Visa, eBay and PayPal, most of these partners have since dropped their support. As a result, Libra appears to be in serious trouble, and it is unclear whether it will ever launch at all. Continue reading “Facebook’s New Cryptocurrency Faces Regulatory Scrutiny”
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Employers No Longer Required to Allow Union Organizers in Public Spaces
The National Labor Relations Board (NLRB) recently ruled that employers no longer needed to permit union organizers in “public spaces” on their own property. As noted in an article in the National Law Review, this overturns 38 years of NLRB precedent, which previously required employers to allow union organizers to advocate in certain areas of the employer’s property that were open to the public. Continue reading “Employers No Longer Required to Allow Union Organizers in Public Spaces”
What is a Choice-of-Law Clause?
Doing business across state (or even national) lines used to be relatively uncommon, but now these kinds of far-flung business transactions are an everyday occurrence. While this opens up plenty of opportunities for businesses seeking new markets and greater profits, it also brings inevitable legal complications as trade jumps across jurisdictions and brings laws from distant lands into conflict. For these sorts of disputes, there is a relatively simple workaround, however, known as the choice-of-law clause. Continue reading “What is a Choice-of-Law Clause?”
LGBTQ Discrimination Cases Go to Supreme Court
The Supreme Court recently heard arguments on cases related to discrimination against Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ) people in the workplace. These cases, including Bostock v. Clayton County and R.G. & G.R. Harris Funeral Homes Inc. v. EEOC, alleging employees were discriminated against because they were discovered to be gay and transgender, respectively. In both cases, the question is not whether they were discriminated against, but instead, whether that discrimination violated the law. Continue reading “LGBTQ Discrimination Cases Go to Supreme Court”
Four Things You Need to Know as a Shareholder
If you’re a shareholder in a corporation, you have certain rights, and not just the right to receive a dividend or sell off your stock for money. Shareholders are, after all, essentially the owners of a corporation, and as an owner (or, at least, a part-owner), you’re entitled to have a say in how your company operates. However, not all these rights are obvious and may require you to do a little extra legwork to enforce them. Continue reading “Four Things You Need to Know as a Shareholder”
What is a Business Merger?
Business is often seen as an adversarial activity, one where everyone competes for a slice of the economic pie. But sometimes you don’t want to beat the competition, you want to join them. Or, at the very least, you want to acquire their assets and resources to increase your own company’s growth potential. That’s when you start looking at the possibility of a merger. Continue reading “What is a Business Merger?”
Double Taxation: How Can a Business Get Taxed Twice?
If you’re a business owner, chances are you’ve heard of “double taxation,” and the scourge it presents to business owners. Indeed, double taxation can eat into a company’s profits and aggravate any financial issues you might be having. But how is it possible for a business to be taxed twice? Is that even legal? Continue reading “Double Taxation: How Can a Business Get Taxed Twice?”
Breaking Up a Business is Hard to Do
Starting your own business can be difficult and stressful, and running that business can be even more so. However, breaking up a business and wrapping up its affairs can be difficult in its own way, if you’re not appropriately prepared. However, how hard it is can depend on how your business is organized, and how many other people own the company you’re trying to break up. Continue reading “Breaking Up a Business is Hard to Do”
What is Antitrust Law
Competition is an essential part of the American economy, as it drives companies to innovate, keeps prices down and helps to keep them honest. And while it’s generally a good thing when a business does well, sometimes a business does so well that it can potentially stifle competition, hurting the economy. It’s for this reason that antitrust laws were created: to preserve competition and protect consumers from the abuses that might arise in a non-competitive market. Continue reading “What is Antitrust Law”
Why Do So Many People Incorporate in Delaware?
It’s hardly a secret that many people look to Delaware when they want to incorporate a new business or reorganize an old business. However, people unfamiliar with business law might wonder why someone would want to incorporate there, even people who don’t intend to do business there. After all, isn’t it easier to just incorporate in your own state? Continue reading “Why Do So Many People Incorporate in Delaware?”
