Beginning July 1, doors that have been closed to residential developers will open once again. SB1373, signed by Governor Northam on February 21, aims to fix some of the obstacles created by the Proffer Reform Act, which has applied to residential rezoning applications since 2016. As the development community is well aware, that Act was designed […]
DOL Proposes to Increase Threshold for White-Collar Overtime Exemptions
Earlier this month, the Department of Labor (DOL) reissued proposed regulations governing the salary level required to be exempt from overtime pay requirements. The new regulations set the salary threshold at $679 per week (up from $455 per week currently) or $35,308 annually (up from $23,660 currently) for the white-collar exemptions to overtime compensation. These […]
Benefits of Succession Planning for Small & Large Companies
Business succession planning is not just limited to small or large companies individually. In fact, businesses of all sizes can greatly benefit from having experienced and capable employees ready and willing to take on new leadership roles as they become available. Succession plans are essentially a proactive measure taken by business owners or managers to […]
The Role of An Estate Planning Attorney
End-of-life planning is a difficult but necessary process. It’s important to consider what you’d like to happen with your assets after your death, how they will be distributed, and to whom. Through estate planning, you can create a legally-binding plan that dictates your wishes and entrusts certain people with the responsibility of seeing those wishes […]
What is Corporate Law?
Corporate law attorneys assist businesses in a variety of ways. They can support transactional business needs, financial goals, dispute resolution, litigation, and compliance, among other legal areas. Most corporate attorneys specialize in a particular area of business law, and entire firms can assemble teams of their attorneys to assist clients with their range of legal […]
Business Succession Planning Strategies
Shareholders in a company must work together to determine the proper succession for their business. As business owners approach retirement age, it is important to create succession planning strategies to prevent changes in leadership from negatively affecting their company. A succession plan is a process used to identify and develop new leaders who can take […]