Many small businesses rely on equipment financing contracts and equipment leases to obtain office equipment or tools of the trade. Equipment financing and/or leasing helps businesses meet their equipment needs right away, but there are risks involved. Here are our top 5 tips for managing risk:
1. Don’t stop making payments under a lease or financing contract.
Equipment should always be inspected before the contract is signed. Most equipment leases and financing contracts contain, at the least, a clause indicating that the purchaser/lessee has had the opportunity to thoroughly inspect the equipment. Many contracts require […]
Many green industry companies rely on H-2B visas to hire seasonal workers from outside the U.S. H-2B workers are covered by the Fair Labor Standards Act (FLSA), and the H-2B program imposes additional requirements on employers, such as providing records, paying certain expenses, and posting legal notices about worker rights.
As one Colorado landscaper recently discovered, violating H-2B workers’ rights can be financially devastating. The U.S. Department of Labor (DOL) recently shared the outcome of their investigation of Parkside Landscaping, Inc., a Denver-area business. Parkside failed to pay the prevailing wage specified in […]
If your employees work in the City of Minneapolis, even infrequently, you may need to comply with the City’s new minimum-wage ordinance. Effective January 1st, 2018, the ordinance will incrementally raise the minimum wage until it reaches $15.
Does my business have to comply?
Yes, if your employees work in Minneapolis for at least 2 hours/week during any calendar week (not during every calendar week). A calendar week is defined as Monday-Sunday. But take note:
You have to pay the minimum wage for time worked within the City when the employee meets the conditions […]
Minnesota employers take note: Minimum wage will increase statewide as of January 1, 2018. There are two rates: a large-business rate and a small-business rate. If your annual gross revenue (not net revenue) is $500,000 or more, you’ll need to pay the large-business rate of $9.65/hr. If your annual gross revenue is lower, you’ll need to pay the small-business rate of $7.87/hr.
State law requires employers to display a minimum-wage poster in their workplace. The Minnesota Department of Labor and Industry (DLI) has an updated poster available for […]