Creenan & Baczkowski, PC Law Blog

Following a hearing in support of a request for declaratory judgment, U.S.D.C. Judge Stickman sided in favor of business owners over the Governor's mandated shutdown of businesses under the "life-sustaining" and "non-life-sustaining" designations published and re-published numerous times over March, April and May of this year.

You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do self-employment taxes come into play? The answers to these questions depend on how your LLC is taxed.

Taxed as a Disregarded Entity

By default, a single-member LLC is taxed as a disregarded entity. This means that the LLC’s income is treated as personal income for tax purposes.
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As a business owner, you may be considering starting an internship program for your company. Internships can be beneficial to both you as a business owner and the intern. Interns can receive hands-on training in their field of interest while assisting your company in reaching its goals. However, it is important to keep in mind the various legal considerations and requirements associated with this specific type of hire.

Internship Considerations

There are often misconceptions about the purpose of and methods used in running an internship program.
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The September 1, 2020 IRS email blast included the following helpful information.

Tax Tip 2020-112

Choosing a trustworthy payroll service provider can protect employers from fraud

When hiring a company to handle payroll and payroll tax, employers should carefully choose their payroll service provider. This can help a business avoid missed deposits for employment taxes and other unpaid bills.

Most of these businesses provide quality service but there are some who don’t have their clients' best interests in mind. Each year, there are a few payroll service providers who don’t submit their client’s payroll taxes and closedown abruptly.
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We will tackle a variety of topics on September 21, 2020 at 3 pm. 

This 30 minute presentation followed by Q&A will touch on 10 of the most compelling legal issues facing small business as as we remain in the mid-pandemic phase.

• Contracts that Win

• Employees to Keep

• Employees on Leave

• Vendor Supply

• Real Estate

• Customer Happiness

• (and 4 more if you are counting)

You can register here:

https://us02web.
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A skilled attorney is a critical part of any business owner’s advisory team. Business attorneys are equipped to assist you in handling a variety of tasks that can protect you from potential legal and business pitfalls, in addition to solving existing legal issues. As important as they are to your team, finding the right business attorney may be challenging if you do not know what to look for. Keeping in mind the following tips can help you find and choose the right business attorney.

In a matter of weeks, the COVID-19 pandemic has impacted the world and forced communities to reevaluate everything. Despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips and strategies to help you navigate these challenges and the ones to come.

As small business owners grapple with the economic realities of nationwide stay-home orders and social distancing mandates, legislatures have been updating laws and developing new programs to keep the economy afloat. The latest and most groundbreaking is the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion stimulus package aimed at supporting individuals, businesses, and governments now and beyond this pandemic. The federal government has earmarked $377 million to help small businesses avoid failure and encourage them to retain their workforces. Here are the most important things for business owners to know about the CARES Act:

In today’s data-driven world, small businesses often find themselves in possession of sensitive customer data. As the collection of data increases, customers grow more suspicious of the means and methods used to collect and store data. In response to this growing concern, we are seeing increased legislation pertaining to the collection, storage, and distribution of data. Laws like the California Consumer Protection Act continue to be enacted throughout the country, putting pressure on businesses to ensure that their practices comply. Failure to adhere to customer data standards and current legislation can result in a loss of goodwill and hefty fines.

Conversations about data privacy policies and website terms of use have become more common in recent months. Large companies like Facebook,