When starting a new job, we typically think about two things: our role and our compensation. But there’s so much more to consider, especially for startups....more
At Hutchison PLLC, we specialize in working with startups, so we completely understand that when you’re trying to build a business from nothing, legal isn’t always your top priority. You need to quickly figure out product...more
Upon deciding to do business in the U.S., make sure your company is familiar with labor and employment laws that could impact them. 10 Things to Consider When Starting a Company in the U.S. - Employment rules and regulations...more
Governor Roy Cooper signed into law changes to the North Carolina Wage and Hour Act that change employer hiring and termination processes. The changes are effective immediately. Hiring New Employees: At the time of hiring,...more
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) became law. We have already provided a summary of the provisions of the CARES Act relating to expanded small business loan...more
4/6/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Legitimate Business Interest ,
Net Operating Losses ,
Relief Measures ,
Retirement Plan ,
Tax Credits ,
Tax Deductions ,
Tax Deferral ,
Tax Relief
The Department of Labor has updated its Q&A page that we previously wrote about to answer many additional questions regarding the Families First Coronavirus Response Act. Highlights of this guidance are described herein....more
On March 25th, the Senate passed the bill entitled, the “Coronavirus Aid, Relief and Economic Security Act” (the “CARES Act”). This legislation is now before the House of Representatives. The CARES Act is intended to infuse...more
The Department of Labor has issued new, user-friendly guidance regarding the requirements of the Families First Coronavirus Response Act. You can access the Q&A here and further guidance here. We have summarized the new...more
3/30/2020
/ Child Care ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
EFMLA ,
EPSLA ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
New Guidance ,
Paid Family Leave Law ,
Posting Requirements ,
School Closures ,
Sick Leave ,
Sick Pay ,
Small Business
The IRS and DOL recently issued joint guidance enabling small and midsize employers to begin taking advantage of two new refundable payroll tax credits which are designed to immediately and fully reimburse them,...more
3/27/2020
/ Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
IRS ,
New Guidance ,
Paid Sick Leave Act ,
Payroll Taxes ,
Popular ,
Reimbursements ,
Relief Measures ,
Retirement Plan ,
Sick Leave ,
Small Business ,
State of Emergency ,
Tax Credits
On Wednesday, March 18, the Families First Coronavirus Response Act was passed into law. Here are the takeaways you need to know...more
There are a variety of forms that equity compensation can take, but the two most prevalent in the startup environment when the startup is a corporation are restricted stock and stock options. Many new entrepreneurs are...more
10/18/2019
/ Consultants ,
Employee Stock Purchase Rights ,
Entrepreneurs ,
Equity Compensation ,
Incentive Stock Options ,
Restricted Stocks ,
Service Advisors ,
Startups ,
Stock Options ,
Vesting ,
Voting Shares
In 2015, the U.S. Department of Labor introduced a proposed rule which would, in part, double the salary threshold required under the Fair Labor Standards Act (“FLSA”) to maintain exempt status under the “white-collar”...more
10/3/2019
/ Bonuses ,
Department of Labor (DOL) ,
Employer Liability Issues ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Final Rules ,
Highly Compensated Employees ,
Incentive Compensation ,
Minimum Salary ,
Misclassification ,
New Rules ,
Non-Exempt Employees ,
Over-Time ,
Salaried Employees ,
Sales Commissions ,
Wage and Hour ,
White-Collar Exemptions
In a recent working paper, researchers at UCLA and the University of Amsterdam determined that a single sexual harassment claim can cause more damage to a company’s reputation than financial misconduct or fraud. In this...more
8/8/2019
/ #MeToo ,
Best Practices ,
Contract Terms ,
Corporate Executives ,
Employer Liability Issues ,
Employment Contract ,
Hiring & Firing ,
Online Reputation ,
Removal For-Cause ,
Reputation Management ,
Reputational Injury ,
Risk Mitigation ,
Severance Agreements ,
Sexual Harassment ,
Termination Clauses ,
Termination Payments ,
Termination Rights
What is a SAFE?
SAFE stands for “simple agreement for future equity,” and was created by Y Combinator in 2013 as an alternative to investing via convertible notes. SAFEs are neither equity nor debt – they represent a...more