Statewide minimum wage increase
If you’re a contractor or business owner, you probably require your clients to sign service agreements before you start work for them. While it can be time-consuming and costly to prepare and store paper copies of every agreement, many contractors and businesses are unclear on whether their clients can electronically sign contracts. If a client…
Read MoreIf your new business has multiple owners, it is important to have proper governance documents—like a partnership agreement, operating agreement, or shareholder agreement. Typically, these documents address topics like who can make day-to-day decisions on the company’s behalf, how ownership interests can be sold or transferred, and who decides what the company does with net…
Read MoreIf 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…
Read MoreMinnesota 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…
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