Industry legal news, announcements from the Hershner Hunter team, and more.
Updated July 17, 2023 A business can become paralyzed when the single member of a member-managed LLC becomes incapacitated or dies. In these troubled economic times, even a short paralysis may cause a business to collapse. This problem may be avoidable by (1) organizing a single-member LLC as manager-managed and (2) drafting an operating agreement… Read more »
As you might recall, Hershner Hunter Attorneys sent an email about the federal Corporate Transparency Act (the “CTA”). The CTA created a new reporting requirement for most small businesses, starting in 2024. The deadline for this report (known as a “Beneficial Ownership Information” or “BOI” report) for existing businesses was December 31, 2024. On December… Read more »
Updated November 21, 2024 As you might recall, the Department of Labor (“DOL”) issued a rule, effective July 1, 2024, that increased the minimum salary requirement for executive, administrative, and professional (“EAP”) employees from $684 per week ($35,568 per year) to $844 per week ($43,888 per year). The rule was also set to increase the… Read more »
Updated October 25, 2024 The federal Corporate Transparency Act (the “CTA”) requires companies to file Beneficial Ownership Information Reports with the US Treasury Financial Crimes Enforcement Network (“FinCEN”) unless they meet an exemption. While the rules are designed to combat money laundering, these rules create reporting obligations for nearly all small businesses. PLEASE CONTACT US… Read more »
Updated July 13, 2024 Increase to Salary Minimum Requirement for Exempt Employees Effective July 1, 2024, the minimum salary requirement for executive, administrative, and professional (“EAP”) employees was increased from $684 per week ($35,568 per year) to $844 per week ($43,888 per year). This means that employees who have been classified as exempt under the… Read more »
Updated March 11, 2024 Increase to Salary Minimum for Exempt Employees In August 2023, the U.S. Department of Labor (“DOL”) proposed a significant increase to the minimum salary requirement for executive, administrative, and professional (“EAP”) employees to be exempt from overtime pay requirements. After a long process that resulted in some changes, the rule has… Read more »
Updated March 11, 2024 Once again, the Oregon Legislature made big changes to Oregon’s most significant leave laws: the Oregon Family Leave Act (OFLA) and Paid Leave Oregon (PLO). As explained below, most of the changes made by SB 1515 are welcome and should make things easier for employers. The overall goal of the bill… Read more »
Updated January 12, 2023 Employment Law Updates Summarized below are newly effective laws and important reminders for Oregon employers. Employers should review their current policies, practices and procedures to ensure they are aligned with these changes. OFLA You might recall that the Oregon Family Leave Act (OFLA) expanded in a few important respects at the beginning of… Read more »
Hershner Hunter is committed to providing up-to-date guidance and legal resources to our clients during this time. Most Recent Archive of Legal Updates Labor and Employment Employee Benefits Foreclosures/Evictions Real Estate/Leasing SBA FINANCING Healthcare Providers Business Interruption
Updated January 1, 2022 On January 1, 2022, the Oregon Family Leave Act (OFLA) expanded in a few important respects, which are summarized below. Employers should review their current policies, practices, and procedures to ensure they are aligned with these changes. Eligibility for Employees Rehired or Reinstated After Furlough or Separation Before January 1, OFLA… Read more »
