Are Verbal Agreements Binding in Kansas?
In Kansas, verbal agreements are generally enforceable, but that rule has some limitations and exceptions. Below, we explore the legal framework for verbal agreements in Kansas, the requirements for enforceability, which agreements must be in writing, and the...
The Importance of Having an Attorney Advise During the Formation of an LLC
A limited liability company (“LLC”) is the most popular statutory business entity in the United States. It is also the newest, with the first LLC statute enacted in Wyoming in 1977. Most other states did not catch on and establish their limited liability statutes...
The Law Disfavors Independent Contractors
We recently wrote about how employers make the mistake of misclassifying employees as exempt from overtime requirements simply because they are paid a salary. We turn now to another common employer pitfall – misclassifying people as independent contractors. Some...
You May Have to Pay Your Salaried Employees Overtime
Perhaps you’re an employer paying an employee on a salary basis, rather than hourly. If that employee works more than 40 hours in a workweek, you don’t have to pay overtime simply because they are on salary, right? Wrong. Salary is only one part of the overtime...
The Eight Biggest Areas of Business Vulnerability – Conclusion
First and foremost, I wish you success in business. I founded this firm because I believe that “Businesses can succeed and change lives if they just avoid the stupid mistakes.” I hope that this blog series gave you bit of insight into the legal matters that you need...
The Eight Biggest Areas of Business Vulnerability – Regulatory and Tax Compliance
I have a two-and-a-half-inch thick book of transportation regulations sitting on the window ledge behind my desk. I pull it out about once a week to look up something. As I do I shake my head as say, “We started with the Ten Commandments, and it has come to this?”...
The Eight Biggest Areas of Business Vulnerability – Real, Personal and Intellectual Property
Businesses deal in three types of property. Real property involves contracts, leases, deeds and is generally document driven and is very formal. In contrast to this, personal property, which can be everything from staplers to semi-trucks (as long as they are not...
The Eight Biggest Areas of Business Vulnerability – Policies and Procedures
Preparing policies and procedures can be some of the most tedious work. Because of this, they are frequently put off. In all areas ranging from human resources to operations to safety they can be incredibly helpful in protecting a company from suits, but ultimately,...
The Eight Biggest Areas of Business Vulnerability – Insurance
The three main types of insurance that companies deal with are property, workers’ compensation, and liability. Knowing how much is reasonable frequently poses significant issues for companies. Because lawyers know the “market” for damage claims, that is, how much a...
