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The Benefits and Drawbacks of a and B Shares (Multiple Share Classes)

Admin — Sat, 04 Sep 2010 19:40:38 +0000

There are a number of reasons why creating multiple share classes (usually known as A and B shares, etc) in your company might be desirable, such as: – it gives you more control over the amount and timing of payment dividends due to each type of shareholder; – it enables you to ensure that one class of shareholders has improved voting rights or no voting rights; – it means you can decide that some shareholders will have a limited or no right to a return of capital on winding up; – it also enables you to award a higher priority to the rights of one class of shareholders, in the sense that you are able to give them a fixed dividend or a return of capital ahead of other shareholders…

The Rules of FLSA Overtime

Admin — Fri, 03 Sep 2010 16:47:54 +0000

FLSA overtime rules are an important aspect of workplace knowledge for both employers and employees As a general rule, the Fair Labor Standards Act (FLSA) requires an employer to pay a non-exempt employee overtime pay at the rate of one and one-half times the employee’s regular rate of pay for any hours worked over 40 in a given workweek The FLSA overtime rules clearly state that all time spent by an employee performing activities which are job-related is potentially “work time…

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The Rules of FLSA Overtime

Health and Safety at Work and Work Accident Claims

Admin — Fri, 03 Sep 2010 16:47:53 +0000

Many people believe that a ‘compensation culture’ exists in the UK, with thousands of unnecessary compensation claims being made by every year, often by employees taking advantage of overprotective health and safety legislation to claim against their employer This isn’t actually the case – research has shown that there are fewer compensation claims made in the UK than in any other developed country except Denmark What’s more, it’s important that employee’s who are injured because their employer has been negligent or failed to adhere to health and safety regulations set by the government,should be able to make a work accident claim…

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Health and Safety at Work and Work Accident Claims

California Labor Law Overtime

Admin — Fri, 03 Sep 2010 06:17:01 +0000

Among the states, California has uniquely stringent labor laws In January 2000, new overtime regulations went into effect for the state of California According the California labor law overtime provision hourly workers working eight hours in a day must be paid mandatory overtime for all hours worked over eight hours…

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California Labor Law Overtime

California Labor Law Lunch Breaks

Admin — Thu, 02 Sep 2010 00:57:25 +0000

For most of us, a lunch break during the work day is needed to keep going the rest of the afternoon However, for some employees, questions arise as to what they are entitled to by law Federal law does not require that lunch breaks be given to employees but many state laws do mandate such breaks…

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California Labor Law Lunch Breaks