All businesses have regulations and laws that are standard. There are some general laws that factor into just about every business. All businesses are governed by the Fair Labor Standards Act. The act basically protects full-time and part-time workers from making less than the minimum wage, overtime pay for hours over 40 in on week, and child labor standards for children. Business and the law are connected in every phase of a business.
The United States, Department of Labor has specific guidelines regarding the employer and employee relationship. The guidelines, for example cover, work schedules, FMLA, full time workers, part time workers, overtime payment, other types of leave and other issues.
The Fair Labor Standards Act does not decide on what is a full time position. The employer makes the determination. The range of between 35 and 40 hours is normally considered full time. The work schedule is a mutual arrangement between the employee and employer. Federal law does not dictate, that an employer has to provide a break or lunch for full time employees. The federal labor law states that, if an employee does not receive a 30 minute break, they are to be compensated.
FMLA or the Family Medical Leave Act, can provide, an employee with 12 weeks or less unpaid leave, without the penalty of losing there job. Health benefits are to be maintained during this time. FMLA covers all agencies that are public, all primary and secondary schools and businesses with 50 or more employees.
Keeping accurate records is a must in any business venture. A couple of binders is a good way to start. One binder will be for the records that are official, such as those, for the office of the Secretary of State. The other binder is for the normal day to day transactions. Do your homework on what is necessary to have for the official records. The Secretary of the State website will give the legal requirements.
The second binder, will contain, accounting records, contract papers, insurance policies, permits, shareholder names and addresses and offices held. You will need to keep information in alphabetical order and tabbed. All business transactions should have hard copy records. Records must always be in up to date order.
There are many things to be concerned about when you are starting a company. It is probably good to seek the professional advice of a lawyer and accountant. You should do a lot of investigating and some marketing before beginning a company.
The United States, Department of Labor has specific guidelines regarding the employer and employee relationship. The guidelines, for example cover, work schedules, FMLA, full time workers, part time workers, overtime payment, other types of leave and other issues.
The Fair Labor Standards Act does not decide on what is a full time position. The employer makes the determination. The range of between 35 and 40 hours is normally considered full time. The work schedule is a mutual arrangement between the employee and employer. Federal law does not dictate, that an employer has to provide a break or lunch for full time employees. The federal labor law states that, if an employee does not receive a 30 minute break, they are to be compensated.
FMLA or the Family Medical Leave Act, can provide, an employee with 12 weeks or less unpaid leave, without the penalty of losing there job. Health benefits are to be maintained during this time. FMLA covers all agencies that are public, all primary and secondary schools and businesses with 50 or more employees.
Keeping accurate records is a must in any business venture. A couple of binders is a good way to start. One binder will be for the records that are official, such as those, for the office of the Secretary of State. The other binder is for the normal day to day transactions. Do your homework on what is necessary to have for the official records. The Secretary of the State website will give the legal requirements.
The second binder, will contain, accounting records, contract papers, insurance policies, permits, shareholder names and addresses and offices held. You will need to keep information in alphabetical order and tabbed. All business transactions should have hard copy records. Records must always be in up to date order.
There are many things to be concerned about when you are starting a company. It is probably good to seek the professional advice of a lawyer and accountant. You should do a lot of investigating and some marketing before beginning a company.
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