Tucson Employment Lawyers
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Legal Services Offered by Our On-Demand Tucson Employment Attorneys
Our experienced Tucson employment attorneys & lawyers can help guide you on how to proceed with various employee decisions such as reviewing employee documents such as contracts, agreements, policies, and handbooks, along with difficult decisions such as firing, lawsuits, claims, and complaints.
Although not every single employment contract will require legal assistance, many employment lawyers would recommend avoiding unilateral employment contracts that strongly benefit one side over the other. These types of employee contracts rarely hold up in court, yet having the funds needed to combat an issue in court can limit the employee’s options.
A confidentiality agreement and a non-compete agreement are common forms of employee contracts that one of our Tucson employment attorneys can help customize for your business. If your business needs to fire an employee, proper measures should be taken from a business legal standpoint to ensure proper communication and a smooth transition of dismissing that employee. In any case, we suggest you connect with our employment attorneys to discuss your options.
Improve Your Legal ROI with Affordable Employment Attorneys that service Tucson, AZ.
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With the rise of companies such as Uber and Lyft, the attempt to define the workplace role of the independent contractor is gaining serious traction. How can you be sure whether your next employee should be an independent contractor, and what steps can you take to ensure governmental compliance?
1. Understand What an Independent Contractor Is
To understand what an independent contractor is, think about when you hire plumber. When you need your toilet fixed, you are calling an independent contractor. You don’t tell your plumber what to wear or when you when he can come to work, and you certainly don’t provide vacation benefits or sick time. Independent contractors provide services to you or your business on a project basis. According to the SBA, independent contractors:
Many companies like the staffing flexibility independent contractors bring to their business. Contractor engagements can be short- or long-term, depending on your sales volume or client needs. Contractors don’t require employee benefits and tax withholding, saving you money and time. Furthermore, contractors typically carry their own liability insurance, protecting your company from the potential legal exposure from having additional workers.
The risk in using independent contractors is that the Internal Revenue Service (IRS) or state taxing authorities may determine in an audit that you are misclassifying your contractors, and they actually qualify as your employees. As a result,
The board of directors at your startup exists to guide your company. They aren‘t the scotch-and-cigar-filled rooms where the rich divide assets up among themselves, especially not in a startup.
The board of directors should be the most experienced people in the company, elected by stockholders. The board determines the company’s direction and drafts the company's bylaws. Also, when it comes to who is responsible for the success and the failure of the company, the board is where all eyes fall.
The board is responsible for things like setting high-level goals for the company, hiring the CEO, issuing stock, and clearing dividends. Keep in mind, your management team oversees all day-to-day operations, while the board supervises only the execut
- 7 min read
What is a Stock Warrant?
A stock warrant gives holders the option to buy company stock at a fixed price, the exercise price, until the expiration date and receive newly issued stock from the company. A stock warrant is similar to its better-known cousin, the stock option. For starters, recall that a stock option is a contract between two parties and gives the stockholder the right to buy or sell stocks at a certain price and on a certain date.
Similarly, a stock warrant holder also has the right, to buy a specific number of shares of stock that will be created in the future, upon exercising the warrant, called “underlying” stock. That transaction is called “exercising” the option, and it must take place before a specific date and at a predetermined price. Warrants are not compensatory tools, but rather used simply to increase a company’s capital and sweeten the deal for potential investors. The underly
- 6 min read
Convertible Debt: What Is It?
Convertible debt is a loan or debt obligation from an investor that is paid with equity or stocks in a company. Convertible debt is also known as convertible loans or convertible notes.
When a company borrows money from investors and plans to convert it to equity or ownership in the company at a later time, that's convertible debt. The borrower and lender decide the type of equity and a set time when the loan converts based on the company's value when the loan begins.
What Is a Convertible Bond?
A convertible bond, or CV, is a type of debt security (like stocks) that's converted to an amount of company equity that the investor and company agree to at the bond's issue.