Every business must abide by rules. The Fair Labor and Standards Act covers all businesses. All businesses have to follow certain regulations. The acts protects, children from being used unlawfully as workers, overtime payment compensation for working over a 40 hour week, part time and full time employees being paid at least minimum wage. Business and the law covers protection of employer and employee.
The United States Department of Labor has all the stipulations of the employer, employee relationship. These stipulations, are inclusive of, FMLA procedures, full time employee, part time employee, overtime compensation, work schedule rules, sick and vacation leave, and health benefits.
The Fair Labor Standards Act leaves the decision of what is a full time position to the employer. The normal work schedule that most employers use is between 35 and 40 hours. The employer and employee decide on an amicable work schedule. Breaks and lunch are not mandatory according to federal law. A worker that does not receive a 30 minute break should be compensated, under the federal labor laws.
FMLA or the Family Medical Leave Act, can provide, an employee with 12 weeks or less unpaid leave, without the penalty of losing there job. Health benefits are to be maintained during this time. FMLA covers all agencies that are public, all primary and secondary schools and businesses with 50 or more employees.
If you are running any type of business, you will have to keep accurate records. You will need at least two binders. One will have official records, for the office of the Secretary of State if your incorporated. The other will be for day to day business transactions. Do some research on what you will need in the official records. You can go to the website of the Secretary of State for requirements of the law.
Binder number two, will have contracts, insurance policy information, records for accounting, permits, shareholder offices and information. A tab and alphabetical system is a way to keep everything in order. All business transactions should be written. Records must always be updated.
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 all the stipulations of the employer, employee relationship. These stipulations, are inclusive of, FMLA procedures, full time employee, part time employee, overtime compensation, work schedule rules, sick and vacation leave, and health benefits.
The Fair Labor Standards Act leaves the decision of what is a full time position to the employer. The normal work schedule that most employers use is between 35 and 40 hours. The employer and employee decide on an amicable work schedule. Breaks and lunch are not mandatory according to federal law. A worker that does not receive a 30 minute break should be compensated, under the federal labor laws.
FMLA or the Family Medical Leave Act, can provide, an employee with 12 weeks or less unpaid leave, without the penalty of losing there job. Health benefits are to be maintained during this time. FMLA covers all agencies that are public, all primary and secondary schools and businesses with 50 or more employees.
If you are running any type of business, you will have to keep accurate records. You will need at least two binders. One will have official records, for the office of the Secretary of State if your incorporated. The other will be for day to day business transactions. Do some research on what you will need in the official records. You can go to the website of the Secretary of State for requirements of the law.
Binder number two, will have contracts, insurance policy information, records for accounting, permits, shareholder offices and information. A tab and alphabetical system is a way to keep everything in order. All business transactions should be written. Records must always be updated.
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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