Business Law
The United States Department of Labor Updated White Collar Exemption Rule Became Final on September 24, 2019
September 30th, 2019 by JBWK
This final rule should increase the number of employees legally entitled to overtime compensation as it increases the amount of compensation an employee must earn in order to qualify as an exempt executive, administrative, or professional employees from the Fair Labor Standard Act’s minimum wage and overtime pay requirements to a salary level of $684 […]
The Supreme Court of Virginia Preserves Statutory Protections Afforded to Minority Shareholders in May v. R.A. Yancey Lumber Corp.
February 28th, 2019 by JBWK
Submitted by Attorney Blair M. Mathias In its first opinion of 2019, the Supreme Court of Virginia reversed the judgment of the circuit court and remanded the case, May v. R.A. Yancey Lumber Corp., for further proceedings. The Court found that the circuit court had erred in entering judgment in favor of the corporation based […]
Can a Criminal Record Prevent You from Being Licensed Professionally in Virginia?
July 10th, 2017 by JBWK
Submitted by Matthew D. Meadows It begins with a dream. You want to start a trade, business, or practice in order to earn a better life for you and your family. You know Virginia is a great place to work and thrive, potentially allowing you to provide for yourself, your home, and your community for […]
Corporate Formalities Not to be Overlooked Avoid Exposing Yourself to Personal or even Criminal Liability
March 15th, 2016 by JBWK
Submitted by Attorney Matthew D. Meadows Many business owners operate under what is commonly referred to as a trade name or fictitious name when conducting business and entering into contracts. However, in order to operate under a trade name or fictitious name, a business must first be a lawfully created entity, such as a corporation or […]