Business

What are the Sheriff Fees for Enforcing a Judgement in New York?

June 2, 2010

If you obtain a judgment or a court order, the Sheriff is in charge for  – Enforcing Judgments & Court Orders. Listed below is information from the New York County Sheriff’s office regarding enforcement. Property and Income Executions, Order of Attachment, Order of Seizure, et. al. The Sheriff often works with litigants (including City agencies) […]

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Employer Misclassification May Become a Crime

April 29, 2010

I have written extensively about the potential problems employers can have by misclassifying their workers as employees.  The IRS has been cracking down on companies that try to pass off regular employees as independent contractors. It now may become a crime. Congress is about to act on a bill entitled the Employee Misclassification Prevention Act that […]

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What are the penalties for misclassifying an independent contractor?

April 16, 2010

I have a technology company as a client who recently retained my office to advise them on a relatively common employment law. The company signed a contract with financial institution to perform help desk related work.  They hired ten people to perform the work and had each of them sign an independent contractor agreement.  All […]

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Wage and Hour Lawsuits are Rising

March 17, 2010

Wage and Hour lawsuits are rising according to Kiplinger.com. Due to the faltering economy, workers who have been let go are looking to the courts to seek monetary damages.  Usually the lawsuits are based upon allegations that hourly workers are not paid overtime. This is a violation of the Federal Labor Standards Act. According to […]

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Construction Litigation: When is it time for the owner to plan on it?

March 10, 2010

The constuction industry is subject to more than its fair share of litigation. This not because the people who you work with are bad people (even though there a few bad apples). It is because industry itself if very complex. There are many factors of what makes a project sucessful.  A successful project may not have […]

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LLC New York Business Taxation

March 3, 2010

The IRS allows owners of LLC’s to make the decision themselves about how they want the company to be taxed.  The LLC can be taxed as in two general ways: As a pass-though entity, like a s-corporation, sole proprietorship Like a c-corporation What is a pass though entity? Usually business owners planning on forming a […]

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Misclassification of Independent Contractors Crackdown

March 2, 2010

Misclassifying an an employee as an independent contractor is one of the most expensive mistakes that a business owner can make. It does not matter whether you intentionally made the mistake. You can be subject to large penalties, fines and even subject the criminal liability.  I have recently reported that the IRS has been targeting […]

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Entrepreneurship and Social Change VC NYC panel March 4, 2010

February 27, 2010

On July 4, we celebrate the entrepreneurs who were our founding fathers who made a difference by bringing social change to America. Unlike July 4, there is nothing particularly unique about the date of March 4.  On that date back in 2006 final contact was attempted with Pioneer 10 by the Deep Space Network. Unfortunately, no response was […]

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Startup Immigration Visa for Entrepreneurs announced by Senators Kerry & Lugar

February 24, 2010

Senators Dick Luger and John Kerry introduced today a new piece of legislation entitled “The Startup Visa Act of 2010.” This visa would permit immigrant entrepreneurs to stay or immigrate into the  United States if they have secured “significant” funds to start a new company. The goal of the act is to bring new jobs, […]

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Employers with Independent Contract Workers are Targeted by the Government

February 19, 2010

According to the New York Times, the IRS is cracking down on companies that try to pass off regular employees as independent contractors. More than two dozen states are cracking down on employers that improperly claim regular employees as independent contract workers. The federal government believes that enforcement could yield $7 billion during the next […]

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