I read the stories every day: some small business, often a local restaurant or a similar “mom and pop” operation, gets sued or tagged by the Department of Labor for failing to pay minimum wages and overtime to employees. Here’s just one example.
I have worked with a fair number of small and midsize
Is Groupon’s June 3 announcement of its intent to launch an IPO a sign of another looming “tech bubble” or an “entrepreneurial renaissance”? Either way, entrepreneurs seeking to ride the next wave of technological innovation must be aware of the significant personal risks arising from failing to comply with wage and hour laws.
Can’t pay your suppliers or rent on the swanky new office space you rented to impress potential venture capital investors? If the business fails, at least the budding entrepreneur might be able to avoid or limit personal liability for these unpaid debts. Not so for unpaid wages owed to employees. Continue Reading Entrepreneurs Beware of Personal Liability for Wage & Hour Violations