Small businesses with 5+ employees must offer retirement plans
Small businesses with 5+ employees must offer retirement plans

Employers with five or more employees are required to participate in CalSavers if they do not already have a workplace retirement plan. CalSavers is a retirement savings program for private sector workers whose employers do not offer a retirement plan. The CalSavers program is being implemented by the state and enables small businesses and employees to make an automatic payroll contribution into a personal IRA retirement account. The program is designed to be self-sustaining, so there will be no taxpayer funding and no employer or state liability for the program and the retirement account is overseen by the CalSavers Retirement... READ MORE

Be Prepared:  Avoid Household Employee Wage and Hour Claims

Many families hire workers at their home to provide a variety of services from housecleaning, cooking, child care, as well as elderly care. However, most families are unaware that the same or similar wage and hour laws that apply at places of business also apply to the people who work for them at home. In fact, we have seen an alarming trend of high exposure (Several Hundred Thousand Dollars) domestic worker claims in recent years. Consequently, it is critical that household employers are in compliance with all applicable wage and hour requirements to avoid their exposure to these wage and hour claims.... READ MORE

California’s New Covid-19 Supplemental Paid Sick Leave: What you need to know

On March 19, 2021, Governor Gavin Newsome signed a new Covid-19 Supplemental Paid Leave (“SPSL”) into law. The new SPSL is similar to the prior Covid-19 Supplemental Paid Sick Leave law that expired on December 31, 2020. The new law came into effect on March 29, 2021 and applies retroactively to January 1, 2021. The key and important issues to understand are as follows: Covered Employers: All employers with 26 or more employees are covered by the new SPSL. Covered Employees: The new law added 5 additional types of coverages that did not exist in the prior laws. The covered... READ MORE

When Did You Last Look at Your Business Plan?

Running a business is challenging enough despite the additional complications that can come with unforeseen circumstances whether that be a pandemic or sudden need to pivot quickly. The Small Business Administration (SBA) has long noted that 80% of businesses survive the first year, but almost half of the businesses fail by year five. Why is this? Why Many Small Businesses Fail The reason that these small businesses fail, first and foremost, is directly related to lack of business planning. Over the past several years, Chase Law Group has worked with entrepreneurs and small business owners from the time they start... READ MORE

Confused About PPP Second Round and Loan Forgiveness?

March 31st 2021 is the last day to apply for a first or second-round PPP loan. While the rules are a bit unclear as to whether a business seeing declines in one quarter but positive in subsequent quarters still qualifies for loan forgiveness eligibility, there are a number of areas to consider as to whether your business should apply for the second-round of PPP. (Related: Financial Assistance To Small Businesses In Response To COVID-19) Applying for a first-time PPP loan? If you didn’t get funds for the first PPP round you can apply for a first-time loan. Loans are capped... READ MORE

Top 5 Considerations When Buying a Franchise

By Admin February 10, 2021    Category: Business Law

Top 5 Considerations When Buying a Franchise

Article written by Brian H. Cole, Associate Attorney, Chase Law Group, P.C. Have you ever considered looking into buying a franchise? There are many attractive aspects of this particular business model. Generally speaking, a franchise has an infrastructure already established to help owners and managers run the day-to-day operations, plus a known franchise has built-in brand equity. These are huge benefits for a business owner. On the other hand, like any business, there is a considerable amount of work, employee management, customer service and marketing efforts that the owner or manager will still need to take on and often follow... READ MORE

Families First Coronavirus Response Act not extended, tax credits may still be available

Congress declined to extend the Families First Coronavirus Response Act (FFCRA) in the second stimulus package to address the COVID-19 pandemic. The FFCRA expired on December 31, 2020 which required employers with fewer than 500 employees to provide paid sick leave and expanded family and medical leave. Employers are no longer required to provide paid leave under the Act, but payroll tax credits are still available to employers that voluntarily provide leave under the FFCRA. If an employer provides leave for FFCRA-eligible reasons and pays employees per specified FFCRA rates, tax credits are available until March 31, 2021. The California... READ MORE

Building Your Roadmap: The Basics of a Small Business Plan

Your business plan is a roadmap to your business’ success. It is the basis—the foundation—for creating a business that will beat out those SBA statistics, that will survive beyond year one and beyond. For you, the business plan is your guideline. For potential investors or venture capital providers, your business is insight. People who are considering whether to invest are going to be looking for an exhaustive outline of where you plan to take the business and how. And although banks and investors may have specific requirements when it comes to what’s in your business plan, below you will find... READ MORE

Be Prepared for California Family Rights Act Leave Beginning January 1, 2021

Last month’s blog post and newsletter set forth new employment laws coming in 2021, including SB 1382 which provides that effective January 1, 2021, the California Family Rights Act (“CFRA”) will be expanded to apply to smaller employers (with 5 to 49 employees) and not just employers with 50 or more employees.  The following sets forth basic information related to CFRA leave.  You should consult with an employment attorney to discuss any questions you have about implementing a CFRA policy at your organization and to ensure that you are in compliance with this complex law. What is CFRA and Who... READ MORE

SB 1159

By DeAnn Chase November 30, 2020    Category: Business Law

SB 1159

Article written by Gabriela Lamond, Associate Attorney, Chase Law Group, P.C. SB 1159 became effective on September 17, 2020 and created three (3) different rebuttable presumptions with respect to an employee’s claim that he/she contracted COVID-19 at the workplace.  The third presumption, which only applies to employers with five (5) or more employees, also imposes additional employee tracking and reporting requirements. Additionally, SB 1159 requires that employees must exhaust any special COVID-19 related sick leave benefits before receiving any temporary disability benefits, however, employees are not required to exhaust any regular sick leave benefits. 1. March 19 – July 5, 2020... READ MORE