The people of your organization are one of the most important and one of the riskiest aspects of business. The laws are state specific, and they change frequently. Employers are held to a high legal standard and entrepreneurs often aren’t fully aware of the risks associated with employment compliance. It’s hard for business leaders to keep up, but it’s critical to do so. In this post, Equinox Business Law CEO and Founder, Michelle Bomberger looks at how the three key legal infrastructure tools can work to protect the business from employment risks.
While your competitors may have ownership issues bogging down their decision making, you will be able to grow together -- or to separate -- with confidence. Learn how to leverage the legal infrastructure tools – the Shareholder Agreement or Operating Agreement, key insurance policies, and a limited liability entity structure, to create strong relationships among owners and ensure the individual owners are protected from the activities of the company and from one another.
If you’ve been out and about, you’ll see “We’re Hiring” signs virtually everywhere. In the media, you’ll hear stories of increased employee turnover, and that employees are fleeing their workplaces. It seems these two data points would align – those fleeing would be filling the roles of those hiring, but that does not seem to... View Article
As uncertainty continues, we are seeing more and more businesses seek out peer support. Equinox’s leadership team has been active in a few organizations instrumental to building a strong company, and we thought you might want to check them out as you plan for 2022: Entrepreneurs’ Organization (EO) EO is a global organization for business... View Article
You’re probably aware that Washington State is the first in the nation to implement a state-run long-term care trust to provide funds to residents to cover long-term care costs under the Long-Term Services and Supports Trust Act (“Washington Cares Fund”). We previously shared the details of the Act in one of our latest blogs. The... View Article
Tax changes can add an unwavering complexity, but proper timing and good advisors can keep you ahead of proposed tax changes. Trying to do your own taxes is not a simple endeavor, and as a business owner, it’s even more complicated. You’re not only concerned with payroll taxes or income taxes; you’re also concerned about... View Article
The effects of mental exhaustion and burnout in the workplace are substantial. Employers are noticing a distinct and overwhelming change in behavior, both internally with workers and externally with customers. The ability to focus has been stalling, leading to procrastination and lower productivity. Digital overload, constant distractions, and extended screen time all contribute to feelings... View Article
For years, businesses have addressed workplace safety by focusing on the physical workplace. They’ve taken actions like correcting for and improving seating, lighting, and repetitive movements. Some of these implementations were voluntary, while others were legal requirements or medical accommodations. The focus, though, addressed physical injury and typically did not consider the impacts of mental... View Article
We can all think back to difficult conversations. Most of us have had dozens of them across professional, personal, and family relationships. When thinking about which of these conversations ended successfully, what factors come to mind? For me, the answer is “preparation.” Preparation forces us to critically consider why the conversation will be difficult, how... View Article
