The Affordable Care Act requires employers with 50 or more employees to provide health coverage for their employees or face stiff fines. To comply with the new law, many employers were canceling their group health plans, dumping their employees into the health exchange (which is Covered California in this state), then reimbursing those employees for… Read More
Posts Categorized In: General Business
Wall St. Invading the P2P Lending Space?
Peer-to-peer (“P2P”) lending started about a decade ago to allow individuals and other small investors to lend money to each other over the internet. By going P2P, banks were cut out of the process, resulting usually in lower interest rates and more funds available for the small businesses looking for cash. In return, individual investors… Read More
NLRB Rules College Football Players on Scholarship are Employees and Can Form Unions
Earlier today, the National Labor Relations Board (“NLRB”) Regional Office 13 issued a groundbreaking decision in Northwestern University v. College Athletes Players Association (Case No. 13-RC-121359) which could fundamentally alter the relationship of college football players to their schools and to the N.C.A.A. The NLRB’s Regional Office ruled that: (1) College football players on scholarships at… Read More
Deadline — Cal/OSHA Form 300 Due Today
The California Department of Industrial Relations (“DIR”) requires most employers with 11 or more employees to post by February 1st a summary of job-related illnesses and injuries that occurred in the prior year. The posting, which is often referred to as Form 300A or the Cal/OSHA Log 300 summary, must be posted wherever employee notices are… Read More
MoneyTree Reports VC Investment Up 7% — Internet Investments Highest Since 2001
According to the MoneyTree report by PricewaterhouseCoopers LLP (“PwC”) and the National Venture Capital Association (“NVCA”), venture capitalists invested $29.4 billion in 3,995 deals in 2013. This represents a 7% in dollars invested and a 4% increase in deals compared to 2012. Internet-specific companies captured $7.1 billion in investments in 2013, according to the report. This… Read More
NLRB Gives Up — No More Notice Posting Rule
According to its Office of Public Affairs, the National Labor Relations Board (“NLRB”) has decided not to seek Supreme Court review of two U.S. Court of Appeals decisions invalidating the NLRB’s Notice Posting Rule, which would have required most private sector employers to post a notice of employee rights in the workplace. This decision by the… Read More
AB 370 Requires New Privacy Disclosures on Commercial Websites
A recent amendment to California’s Online Privacy Protection Act of 2003, which already requires owners and operators of commercial websites to post conspicuous privacy policies, now requires even more — As a result of AB 370, which took effect on January 1, 2014, owners and operators of commercial websites that collect “personally identifiable information” about… Read More
New IRS Mileage Rates for 2014
Beginning January 1, 2014, the new standard IRS mileage rates are: $0.56/mile for business miles driven; $0.235/mile for medical or moving purposes; and $0.14/mile for service to charitable organizations. Employers that use the standard IRS rates for employee reimbursement purposes should review and adjust their expense reimbursement policies to be consistent with these new guidelines…. Read More
California Named #1 “Judicial Hellhole” in America
That’s a headline full of holiday cheer, isn’t it? For the second year in a row, California has been ranked the #1 “Judicial Hellhole” in America by the American Tort Reform Association (ATRA). This is the 2nd year in a row that California has claimed the title. And for what do we owe this dubious… Read More
California’s New LLC Law — Big Changes Coming on January 1, 2014
On January 1, 2014, the current LLC law in California (known as “the Beverly-Killea Limited Liability Company Act”) will be repealed and superseded by a new LLC law (known as the “Revised Uniform Limited Liability Company Act,” or “RULLCA”). Although the new RULLCA law does not require existing LLCs to file any new documents with… Read More