Impending Overtime Woes

An excerpt from the Inc. article by Suzanne Lucas addressing the affect the proposed change in overtime laws will have for Congress and their staff.  

Last summer the Department of Labor released a new proposal for a change in overtime laws. Significantly, regardless of job duties, employees will have to earn $50,440 per year before they can be considered exempt from overtime. The change hasn't been implemented yet (the proposed date is September 2016), but business owners are already in a panic.

Why? The previous threshold was only $23,660, so this throws a lot of jobs--an estimated five million, in fact--into the pot. This is a huge deal and will cause lots of problems for business owners and employees alike. Guess who just figured it out?

Click here to read more.

April 18, 2016 aka Tax Day

This year business owners have an extra 3 days (woohoo!) to file their respective taxes.  This is an article with some helpful advice and checklist for any last minute filers

Develop Best Hiring Practices for Your Business

Click here to read our article featured in Corp! magazine outlining some of the best hiring practices for your business.

#TBT: L3C's

This weekend we have the honor of serving as a Social Entrepreneur panelist at the Small Business Law Academy, which is part of Detroit Entrepreneur Week.  Social entrepreneurs are ambitious and making large efforts to bring improvement to their respective community.  

A couple of years ago (time really flies), we wrote an article for Michipreneur on a popular business entity for social entrepreneurs, L3Cs, this is the link for that article.  We are looking forward to Saturday's discussion with the social entrepreneurs of metro Detroit.