Amid reports that business owners in Los Angeles County are more optimistic about this year's business conditions compared to last year's, owners still share some serious concerns, not the least of which is government regulation in the form of the citywide minimum wage hike.
Before filing for bankruptcy, business owners should explore every available out-of-court option for dealing with the debt. Going to bankruptcy court can be costly, and it is important to get comprehensive legal advice before taking that step.
According to the California HealthCare Foundation, since 2002, workplace health insurance premiums in California have risen 185 percent, far outpacing the state's inflation rate of 33 percent. This increase in employers' health insurance rates is expected to continue even as medical spending is down and uncompensated care has decreased significantly.
We recently discussed a number of changes in California employment law that will take effect in 2015. One of the major changes requires employers to provide paid sick leave to qualifying employees. On the heels of that legislation comes another proposal that would mandate double pay for workers on Christmas and Thanksgiving.