Author Archives for Michelle Bomberger

Navigating the New Era of Noncompete Agreements: A Mandate for Transparency

by | May 23, 2024

Navigating the new era of noncompete agreements is crucial for businesses, as regulatory demands for transparency are rapidly increasing. States like California, Washington, and Oregon have significantly restricted noncompetes, and the FTC has approved a nationwide ban, pending legal challenges. Multi-state employers must understand the complex interplay of federal and state laws to remain compliant. With noncompetes becoming less viable, alternative strategies such as non-disclosure agreements, confidentiality provisions, and robust trade secret management are essential to protect business interests. Employers must proactively adapt to these changes to ensure compliance and safeguard their competitive edge.

FTC Ban on Noncompete Provisions

LEGAL UPDATE: FTC Ban on Noncompete Provisions

by | May 3, 2024

Now is the time to review your employment documents and identify any provisions that may be classified as noncompete provisions that will contravene the new Washington law and the federal Rule. Assess the potential risks these changes pose to your business and consider alternative risk management tools to safeguard your business interests. Make necessary changes to documents and processes to ensure compliance with Washington’s law. Compile a list of current and former employees impacted by the new federal Rule and be prepared to modify your documents again to comply with the Rule, should it come into effect.

The Playbill of Business Exits: Built to Scale and Crafted for Success

The Playbill of Business Exits: Built to Scale and Crafted for Success

by | April 25, 2024

In the dynamic world of business, planning for the future is as important as managing the present. The term “exit planning” isn’t just jargon; it’s a philosophy that encapsulates the essence of a well-strategized, successful culmination to your business’s lifecycle. However, the complexity of this process often overshadows its significance, leading many business owners to... View Article

staffing and recruiting with legal counsel

5 Ways Staffing Companies Can Leverage The Strategic Value of Legal Counsel

by | March 22, 2024

In staffing and recruitment, legal counsel stands as a cornerstone for success. Staffing companies must adeptly navigate employment complexities, swiftly negotiate contracts for competitive advantage, and prepare for industry consolidation under the guidance of legal experts. Overcoming hesitance to engage legal services, they can transform legal counsel from a last resort into a proactive ally, empowering them to focus on growth and innovation. For staffing firms and entrepreneurs, strategic legal partnership isn't just advantageous—it's indispensable for propelling businesses toward unprecedented success in an ever-evolving landscape.

artificial intelligence (AI)

Go Beyond Efficiency: The Transformative Role of AI

by | February 21, 2024

Equinox Business Law Group embraces the transformative potential of AI, viewing it as a tool to amplify human creativity and redefine legal services. Recognizing the importance of ethical considerations, the firm focuses on using AI to enhance strategic advising rather than merely increasing efficiency. They automate repetitive tasks to empower their teams for more valuable work, acknowledging the irreplaceable role of experience and nuance in legal practice. Equinox advises businesses to approach AI thoughtfully, advocating for an AI Policy that encourages upskilling and responsible use. Their commitment extends to empowering clients with strategic insights, envisioning a future where innovation and tradition coexist harmoniously in the legal landscape—one nuanced step at a time.

Transparency Is Now Mandatory. Is your Business Ready?

by | January 23, 2024

At Equinox, we champion transparency as the ultimate best practice. In today's business landscape, the trend of "radical transparency" can either be a strategic advantage or a self-destructive move. In this post, we delve into the complexities of transparency, guiding you through legal, regulatory, compliance, and cost considerations.

LEGAL UPDATE: Washington State to Raise Minimum Wage and Exempt Salary Threshold in 2024

by | November 14, 2023

Starting January 1, 2024, Washington State is set to introduce a series of wage adjustments that will impact businesses of all sizes. In 2020, the Washington State Department of Labor & Industries updated the rules for exempt workers by creating an eight-year implementation schedule that incrementally raises the multiplier until it reaches 2.5 times in 2028. Though the pace of the increase is based on the size of the employer, small enterprises to large corporations alike will feel the effects of these changes.

Navigating complexity of HR and Employment Laws

Navigating the Complex World of Human Resources and Employment Law

by | October 15, 2023

Running a business is all about your people. They're the heart and soul of your operation, the driving force behind your success. But there's a twist – a tricky one. The legal landscape surrounding HR and employment is like a constantly shifting maze. If you're a business owner, you've probably felt the challenge of keeping up with the ever-changing rules and regulations. Laws vary from state to state, and they seem to morph faster than you can say "compliance." It's a tough nut to crack, no doubt, but it's a challenge you need to conquer.