Milgrom & Daskam Blog
Proper classification of workers as employees or independent contractors is incredibly important for all businesses and the U.S. Department of Labor (“USDOL”) has just issued a final rule that makes it more difficult for business to classify individuals as independent contractors.
Tenants often need to provide some financial assurance, commonly known as security, to ensure they fulfill their obligations under a commercial lease. Two widely used forms of security are the cash security deposit and the standby letter of credit.
Your communications with your attorney are always privileged… right? Wrong.
While the attorney-client privilege is one of the oldest and most sanctified of privileges, it is not without exceptions. Now adays, when you communicate with a family law attorney, an attorney assisting you with estate planning, or an attorney representing you in a civil case,you are often doing so via email. But you can unintentionally waive the privilege if you communicate with your lawyer from your work email address, or even from a personal email address accessed on your work computer.
As previously posted by Jonathan Milgrom, the Corporate Transparency Act (CTA) went into effect when the clock struck midnight on January 1, 2024. This transformative piece of legislation, will reshape the corporate landscape,ushering in a new era of transparency and accountability. This landmark legislation marks a significant step forward in the fight against financial crime and anonymous corporate activities. The central tenet of the CTA is to enhance corporate transparency by requiring companies to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
The “Test-Optional” movement for law school admissions is gaining ground, and the recent Supreme Court case eliminating affirmative action in higher education admissions practices could be playing a part in the change.
As a member of the Baby Boom generation, I am advising more and more Millennials who are exploring business acquisitions; primarily involving companies owned or controlled by my Boomer peers. A majority of the estimated 15 million privately owned business in the United States are owned by people born before 1964 and the Small Business Administration (SBA) estimates that around 10 million baby boomer-owned business will change hands in the next few years.
Being an attorney means having the privilege to help other people realize their dreams. Usually this means drafting contracts, setting up businesses, and otherwise providing the structure for our clients to live their best business lives. Sometimes, however, it means something more unconventional, and it is here that we can provide the most value as attorneys.
What is a trademark? A trademark is a source-identifier. A trademark can be any word, phrase, symbol, design, or combination of the foregoing that identifies the source of certain goods or services. Not all words are capable of functioning as trademarks. For example, generic terms can never function as trademarks. A generic term is a common term that identifies the good or service itself, rather than identifying the source of the good or service. For example, the term Apple can never be used as a trademark for apples (though it can be used as a trademark for computers).
In the rapidly changing landscape of corporate governance, the Corporate Transparency Act stands out as a significant piece of legislation aimed at curbing illicit activities and enhancing transparency in company operations. For businesses, investors, and legal practitioners, understanding the Act is vital not only for compliance but also to stay ahead in a market that increasingly values transparency and ethical business practices.
2023 saw Colorado’s legislature pass a series of new employment laws that have continued to shore up employee-friendly laws across the state. These include changes to the Colorado Equal Pay for Equal Work Act (CEPEWA), the Colorado Anti-Discrimination Act, the Colorado Healthy Families and Workplace Act (CHFWA), and the Colorado Paid Family and Medical Leave Insurance (FAMLI) Act. As a result of these changes, Colorado employers should take a look at their employment policies, agreements, handbooks, and other employment-related documents to ensure compliance with new laws and regulations. While we will not cover all of the changes here, we will review a couple of key changes. For additional questions or guidance, please reach out to employment attorneys Amanda Milgrom and Jason Fisher at Milgrom & Daskam.
In recent years, the legal industry has witnessed a significant transformation, with the integration of technology and artificial intelligence (AI) into various aspects of legal practice, and while it’s unlikely that AI will kill all the lawyers, one notable advancement is the use of large language models of generative AI to draft legal documents, even by non-lawyers. While this technology offers several advantages, such as increased efficiency and reduced costs, it also brings forth a host of potential issues and liabilities that both legal professionals and non-lawyers must carefully consider. In this article, we’ll explore these concerns and provide insights into mitigating associated risks.
If you follow the crypto space and read the headlines about the recent decision in SEC vs. Ripple Labs, Inc., you will be grossly disappointed by the delta between hype and reality. Crypto-promoters will tell you that Ripple “won,” that tokens are not securities, and that crypto can now go on to create the New Eden that will bring freedom and prosperity to everyone. Everyone except for the teeth-gnashing demons who work at the Securities and Exchange Commission, a.k.a. the Anti-Christ.