| Limited Liability Company Basics |
| The limited liability company form of doing business combines some of the best features of the corporate and partnership forms of doing business. Generally, members of a limited liability company enjoy protection against individual liability enjoyed by shareholders of a corporation. At the same time, members of a limited liability company are taxed only once on income to the business when that income is passed through to the members. More... |
| Compliance with the ADEA/OWBPA |
| After the United States Supreme Court decided Ohio v. Betts in 1989, Congress amended the ADEA by passing The Older Workers Benefit Protection Act of 1990 3 (OWBPA). The OWBPA further clarifies Congress's original intent relative to age-based discrimination in the area of employee benefits. Under the OWBPA, an employee may reduce benefits for older workers only when the cost of providing reduced benefits is the same as it is for younger workers. An employer cannot prevent an older employee's pension from accumulating or accruing if the employee works past normal retirement age. The practice of forcing older workers to take early retirement is also addressed. More... |
| Whistleblower Protection Under the Pipeline Safety Improvements Act 2002 |
| Protection for Pipeline Safety Whistleblowers More... |
| Sarbanes-Oxley |
| AUDIT COMMITTEESMore... |
| Directors' Ignorance of Corporate Affairs |
| To carry out fully their duties and responsibilities to shareholders and the corporation, directors must be reasonably familiar with the workings of the corporation and have a general knowledge of how the corporation conducts its business. Directors are not expected to have superior knowledge about all business and financial aspects of the corporation, but they are assumed to have competent knowledge of the duties they have taken on when named to the board. More... |
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Berger & Harwell, PA Attorneys at Law Building Futures One transaction at a Time |
5950 Fairview Road, Suite 808 Charlotte, North Carolina 28210 Telephone: 704-553-7614 Facsimile: 704-553-7965 |
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