Business Law Business Law Resources Labor and Employment Law

Rescuing Your Defined Contribution Retirement Plan

A plan sponsor of a preapproved, prototype or volume submitter defined contribution plan, including a profit-sharing, 401(k) or money purchase plan, was required to amend and restate the plan’s governing documents by April 30, 2016. See the article “Deadline Looming for Changes to Your Company’s…
Business Law Labor and Employment Law

Legislature Revives Right to Work Law and MHRA Amendments

During its legislative sessions in both 2015 and 2016, the Missouri General Assembly passed a right to work law.  In each instance, then Governor Jay Nixon vetoed those laws, and the legislature’s backers of those laws lost veto override votes. Similarly, since a Missouri Supreme Court’s…
Business Law Business Law Resources Labor and Employment Law

OSHA Raises Penalties, Adopts Electronic Recordkeeping, and Expands Anti-Retaliation Rules

OSHA Raises Maximum Penalties by 178% The Occupational Safety and Health Administration (“OSHA”) has taken several actions  in recent months that will significantly affect employers for years to come.  First, it revised its Field Operations Manual by raising penalties to adjust for inflation for violations of the…
Business Law

Should Your Closely-Held Corporation Have an Advisory Board?

A closely-held corporation can benefit from having an outside director with special expertise (e.g., strategy, marketing, HR, technology, finance and international business). However, potential outside directors are often reluctant to take on the role of a director of a closely-held corporation because of fiduciary obligations…