All businesses have regulations and laws that are standard. There are some general laws that factor into just about every business. All businesses are governed by the Fair Labor Standards Act. The act basically protects full-time and part-time workers from making less than the minimum wage, overtime pay for hours over 40 in on week, and child labor standards for children. Business and the law are connected in every phase of a business.
The United States, Department of Labor has specific guidelines regarding the employer and employee relationship. The guidelines, for example cover, work schedules, FMLA, full time workers, part time workers, overtime payment, other types of leave and other issues.
The Fair Labor Standards Act does not decide on what is a full time position. The employer makes the determination. The range of between 35 and 40 hours is normally considered full time. The work schedule is a mutual arrangement between the employee and employer. Federal law does not dictate, that an employer has to provide a break or lunch for full time employees. The federal labor law states that, if an employee does not receive a 30 minute break, they are to be compensated.
The 12 week unpaid leave, that allows an employee to be away from the job to take care of family matters, is called Family Medical Leave Act or FMLA. The employee has continued health coverage and is able to return to the job without a problem. All public, secondary and primary schools and businesses with over 50 employees are covered for FMLA. However, the employee has to meet certain criteria to be eligible.
Keeping accurate records is a must in any business venture. A couple of binders is a good way to start. One binder will be for the records that are official, such as those, for the office of the Secretary of State. The other binder is for the normal day to day transactions. Do your homework on what is necessary to have for the official records. The Secretary of the State website will give the legal requirements.
The second binder, will contain, accounting records, contract papers, insurance policies, permits, shareholder names and addresses and offices held. You will need to keep information in alphabetical order and tabbed. All business transactions should have hard copy records. Records must always be in up to date order.
As you can see, there are many rules and regulations, governing labor. When you are in the process of setting up a business, you should seek the advice of an accountant and attorney. Always do thorough research and investigation before starting a business venture.
The United States, Department of Labor has specific guidelines regarding the employer and employee relationship. The guidelines, for example cover, work schedules, FMLA, full time workers, part time workers, overtime payment, other types of leave and other issues.
The Fair Labor Standards Act does not decide on what is a full time position. The employer makes the determination. The range of between 35 and 40 hours is normally considered full time. The work schedule is a mutual arrangement between the employee and employer. Federal law does not dictate, that an employer has to provide a break or lunch for full time employees. The federal labor law states that, if an employee does not receive a 30 minute break, they are to be compensated.
The 12 week unpaid leave, that allows an employee to be away from the job to take care of family matters, is called Family Medical Leave Act or FMLA. The employee has continued health coverage and is able to return to the job without a problem. All public, secondary and primary schools and businesses with over 50 employees are covered for FMLA. However, the employee has to meet certain criteria to be eligible.
Keeping accurate records is a must in any business venture. A couple of binders is a good way to start. One binder will be for the records that are official, such as those, for the office of the Secretary of State. The other binder is for the normal day to day transactions. Do your homework on what is necessary to have for the official records. The Secretary of the State website will give the legal requirements.
The second binder, will contain, accounting records, contract papers, insurance policies, permits, shareholder names and addresses and offices held. You will need to keep information in alphabetical order and tabbed. All business transactions should have hard copy records. Records must always be in up to date order.
As you can see, there are many rules and regulations, governing labor. When you are in the process of setting up a business, you should seek the advice of an accountant and attorney. Always do thorough research and investigation before starting a business venture.
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