MLR

Category: General Business

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Running a business these days is increasingly complex. With employment-related claims and lawsuits on the rise, management must have a basic understanding of numerous federal, state and local laws. Here are three cases that illustrate some employer liability trends.

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Business owners face a constant balancing act when it comes to deciding how much cash to keep in their regular checking accounts.

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One of the common threads of a mobile workforce is that many individuals who leave their jobs are faced with a decision about what to do with their 401(k) accounts.¹

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By nature, most people avoid planning for crisis situations. After all, there is so much to do in the here and now without trying to second guess the future. Business leaders are no exception when it comes to the often thankless task of crisis planning. Unfortunately, disaster can strike any company, at any time. Even more difficult than actually planning for such an occurrence is the task of determining what possibilities to plan for.

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If disaster struck your company tomorrow, would you know how to quickly reach employees and their families? Would you be able to talk to them quickly and efficiently? If the answer to those questions is anything but a resounding “yes,” it’s time to create or review your crisis communication plan.

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Every organization has them — smart, passionate, motivated employees who could become your future leaders. But, just as growing a beautiful garden doesn’t happen on its own, making sure your high potential employees thrive requires the active participation of HR and company leaders. It’s all about picking the right candidates, giving them the proper care and knowing when they’re ready to move up.

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Many small businesses prepare — and regularly update — a strategic plan, but many overlook this important task.

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Business succession and exit planning should ideally be done over a long period of time (unless illness or another emergency makes it necessary to address them in the short term).

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Would you use a complicated discounted cash flow analysis to estimate the value of a mom-and-pop restaurant? How about using a price-to-earnings multiple derived from publicly traded restaurant chains? Neither method seems appropriate for a small family-operated eatery.

With an increased capital gain tax rate of 20 percent for tax years 2013 and after, small-business owners should be aware of a provision that eliminates one-half or more of capital gains recognized on the sale of their corporate business.