Update: November 23, 2016 – Federal Court puts Overtime Rules on Hold
A Federal Court judge in Texas has given business owners one more thing to be thankful for this Thanksgiving. The new overtime regulations regarding the increase of the salary level required for exempt employees has been temporarily barred from going into effect as planned on December 1, 2016. On November 22, 2016, a judge hearing a number of consolidated cases contesting the new rule granted a motion for preliminary injunction, which stopped these regulations from being implemented. Continue reading
Ohio’s medical marijuana law will be effective September 8, 2016. Under this law, doctors will be able to prescribe marijuana to individuals within the state who have been diagnosed with certain medical conditions or diseases. The State is still working out the details of how patients can get medical marijuana, rules on prescriptions, and where it can be grown. In the meantime, many employers are wondering, how does this affect my business?
In a short answer, not much has changed on the employment front. This is because the legislature built in specific protections for employers that allows it to treat medical marijuana (and its use by employees) different from any other prescribed drug. Continue reading
The Ohio Secretary of State’s office announced a record month of Ohio new business filings this March. The number of new business entities filed in March 2015 hit 10,102. In 2015, a total of 25,525 new businesses were filed by the end of March. To view the announcement, press here.
This is good news for Ohio and the local economy, and a sign that small business activity and startups are on the rise in Ohio.
The Secretary of State also announced that in addition to making the business filing process easier by allowing online filing of new Articles of Organization and Articles of Incorporation, the legislature was close to passing legislation that will cut the fees to file Articles in Ohio. The legislation was passed by the State House of Representatives late in March and, once confirmed by the State Senate, will cut the fees for filing Articles from $125.00 to $99.00.