Obtaining a judgment often requires significant time and effort for litigants. Unfortunately, just having a judgment does not mean immediate payment. Collection is often required.
Business Law in General
When a party obtains a judgment in a civil case, that party becomes what is called a “judgment-creditor.” The party that owes the judgment, which is a debt, is a “judgment-debtor.” While a judgment-creditor may be relieved to have won a judgment, that fact alone does not equal payment in all cases.
Under Illinois law, a business that collects personal information of Illinois residents has certain duties to inform affected people in the event of a breach, under 815 ILCS 530/10:
Iowa law imposes a duty upon businesses (and some other organizations and people) to notify individuals in the event that there is a breach. That requirement is contained in Iowa Code section 715C.2:
A reality of every business is the eventual disputes with a client over the client’s failure to pay for good provided or services rendered, or the client’s dissatisfaction with those goods or services. Handling those matters properly is essential to the success of any business.
The US Department of Labor imposes requirements as to employee wage and hours worked record keeping. Failing to comply with those requirements can subject an employer to penalties, and can also harm the employer’s ability to defend against alleged labor law violations.
Classification of workers as independent contractors v. employees has become an important focus of the US Department of Labor in recent years. Misclassification of employees as an independent contractor is commonplace, and can subject an employee to significant financial penalties and costs. For that reason it is in the interest of every business owner to
Under Iowa law, a registered agent is an individual (or a corporation depending on the business organization) designated by the entity to accept service of process
Owning one’s own business can be quite rewarding, both from financial and personal satisfaction perspectives. However, it can also be a headache at times, and that is especially true when there are legal disputes surrounding the business. Having the right contracts can go a long way to helping business owners avoid such legal problems, and is truly an area where an ounce of prevention is worth a pound of cure