Is It Time To Sell The Business? Here Are Some Factors To Consider Before You Do.
Is It Time To Sell The Business? Here Are Some Factors To Consider Before You Do.

Selling a small business is a major decision that should not be taken lightly. It's important to consider several factors when deciding whether to sell, including the current market conditions, your personal goals, and the financial health of your business. Here are some key points to consider when deciding whether to sell your small business: Timing: The timing of when to sell your business is crucial. The market conditions, trends, and the state of the economy can play a major role in the sale of your business. Generally, it's best to sell your business when it's in a period of... READ MORE

Minimum Wage To Increase To $15.50 Per Hour For All California Employers

Effective January 1, 2023, the state minimum wage will increase to $15.50/hr. Note that certain cities, including City of Los Angeles ($16.04 per hour) and Unincorporated County of Los Angeles County ($15.90 per hour) have a slightly higher minimum wage.  Employers must pay their employees pursuant to whichever law affords employees the highest minimum wage. Also increases in the state minimum wage requires that exempt employees must be paid twice the state minimum wage for full-time employment (40 hours per week). Therefore, as of January 1, 2023, most exempt salaried workers must be paid no less than $64,480 to retain... READ MORE

National Write A Business Plan Month

By Admin December 05, 2022    Category: Business Law

National Write A Business Plan Month

The Importance of Writing A Business Plan & Its History December is National Write a Business Plan month which is a fitting time for entrepreneurs to be inspired to put a business plan in motion to create the future they desire.  On average the 500+ million business owners around the world have at least two to three competitors, so writing or revisiting your business plan before the new year can put you at an advantage above your competitors, help you obtain funding, and have a strategy for reaching customers. Whether your business is new or old, having a plan to... READ MORE

New Employment Laws Coming in 2023: Time to Update Your Employee Handbooks

It's that time of year when we update you on upcoming changes to the employment law landscape and for you to take the opportunity to update your employee handbooks and policies.  Below we set forth the newly passed legislation that that takes effect January 1, 2023 that impacts employers. Expansion of CFRA Leave for Designated Person AB 1041 expands who an employee can take leave to care for under both the California Family Rights Act (CFRA) and California’s paid sick leave law. Beginning January 1, 2023, employees can take CFRA leave or paid sick leave to care for a “designated... READ MORE

California Extends Supplemental Paid Leave Through End of 2022 for Employers with 26 or More Employees

Governor Newsom has signed AB 152 which extends an employer’s (with 26 or more employees) obligation to provide Covid-19 Supplemental Paid Sick Leave (“SPSL”) through December 31, 2022.  The prior law covering SPSL expired on September 30, 2022.   Although the new law extends paid leave through the end of this year, it does not create any additional benefits or leave that otherwise existed under the prior SPSL law that expired September 30, 2022.  Thus, if an employee already used their available banks of time under the prior SPSL law, no additional SPSL leave need be provided. For a complete breakdown... READ MORE

The Future of Franchising Under the FAST Recovery Act

The California legislature has passed, and Governor Newsom has signed into law, AB257—the “Fast Food Accountability and Standards Recovery Act” or “FAST Recovery Act.” The FAST Recovery Act tentatively establishes a new Fast Food Council within the California Department of Industrial Relations, but the council will not have full authority until the Director of Industrial Relations receives a petition signed by at least 10,000 California fast-food employees approving creation of the council. The Fast Food Council will have ten members, eight of whom must meet certain criteria (such as representing fast-food restaurant franchisors, franchisees, or employees), and will be appointed... READ MORE

Benefits of Women-Owned Business Certifications

Are you a woman-owned business? Getting certified can open the door to new opportunities. Having a women-owned business certification can help you build trust to set yourself apart from the competition and gain access to lucrative private and government contracts. There are several different types of certifications. Federal programs often look to do business with Women-Owned Small Business (WOSB) and Economically Disadvantaged Women-Owned Small Business (EDWOSB) and the private sector accepts the Women’s Business Enterprise (WBE) certification. Build Credibility and Boost Visibility Certification places your business in a database of suppliers used by private and government agencies when they’re contracting... READ MORE

The ABCs of California’s Requirement for Reimbursing Employee’s Expenses

California employers are required to reimburse their employees for “all necessary business expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties.” (See California Labor Code section 2802.)  Employers failing to properly reimburse their employees for work-related expenses risk exposure for the unreimbursed expense, attorneys fees, and possibly a Private Attorney General (PAGA) claim or class action if the practice of not reimbursing employees is widespread.  Importantly, employers are obligated to proactively determine whether an employee is incurring expenses and cannot simply rely upon the argument that the employee never requested reimbursement.... READ MORE

US Supreme Court Issues Significant Decision Permitting Arbitration of Individual PAGA Claims

In a significant victory for California employers, earlier this month the US Supreme court issued a decision in Viking River Cruises  v. Moriana, that allows California employers to compel arbitration of Private Attorney General Act (“PAGA”) based claims of an individual and obtain a dismissal of all other aggrieved PAGA employees’ claims.  The impact of the decision could potentially result in greatly diminishing an employer’s exposure for penalties under PAGA. How PAGA Claims Were Litigated Prior to the Viking River Cruises Decision Prior to Viking River Cruises, under PAGA, an individual Plaintiff could bring a PAGA claim of their own as well as on... READ MORE

California Employment Law: Changes and Upcoming Deadlines

This month we remind you of upcoming changes and deadlines coming at the end of this month related to California employment law and discuss a recent California decision impacting meal and rest period violation and premium pay reporting requirements. Increase in City of Los Angeles and Unincorporated County of Los Angeles Minimum Wage Requirements Effective July 1, 2022 Effective July 1, 2022, minimum wage for employees working within the City of Los Angeles will increase from $15.00 per hour to $16.04 per hour. The City of Los Angeles minimum wage rate applies to any employees who perform at least two... READ MORE