“LOW HANGING FRUIT.” That is what local attorneys are calling their pickings when their clients have not been paid in strict accordance with the Fair Labor Standards Act. If you think your company is safe, think again. MINIMUM WAGE AND OVERTIME PAY FOR MORE THAN A 40-HOUR WORKWEEK. These are the basic requirements. Unless a …
Last year our legislature unanimously passed the new Arizona Trust Code (the “ATC”), which for the most part became effective January 1, 2009.Supplemental legislation, effective September 30, 2009, has made technical corrections to and clarified the ATC, and made other additions not in the original bill.David L. Case, one of the authors of this short …
Last December, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Act”) was signed into law. In addition to extending the “Bush Income Tax Cuts” of 2001, a part of this new law contains new wealth transfer tax rules for 2010, 2011, and 2012. This article provides a very brief overview …
Whether, and how long, to retain documents is a question plaguing businesses and individuals alike.The question of whether to keep original documents and letters (either sent or received), drafts, working copies, notes, memos, letters, minutes of meetings, and now emails and all sorts of other digital/electronic documents (“records” or “documents”) is constantly in conflict with …
Christopher R. Kaup has been elected President of the Arizona Chapter of the Turnaround Management Association (TMA). The TMA is an international organization of professionals, lenders and investors who provide a broad range of services to financial distressed companies and creditors of those businesses. In his role as President of the Arizona Chapter, Mr. Kaup …