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November 2015 Archives

What you should know about employment arbitration

While running a business in Miami, Florida, you want to believe your employees will be loyal to your company and ethical in their work practices. When a dispute arises, a lawsuit could be devastating to your bottom line. However, you also do not want to allow an unscrupulous employee to destroy your business. At Welbaum Guernsey, we believe that arbitration is often a way to resolve a dispute without a costly settlement or the expense and potential negative press of a lawsuit.

Interest rates could cause problems for real estate investors

Commercial real estate investors and property owners in Miami, Florida, may be anticipating whether the interest rates will be raised by the Federal Reserve by the end of 2015, which could affect property values. According to the New York Times, this is a possibility thanks to the improved economic growth, although nothing has been decided at this time. While some believe the rate increase would benefit the economy, others claim that financial markets have already been overstimulated by the delay, and a crash is possible.

Who pays the price when a construction project gets delayed?

Whenever a property owner and a contractor sign a contract for a construction project, there's a risk that things won't go exactly as planned. Even when the two parties are highly experienced in such transactions, the project may have unforeseen setbacks: Anything from severe weather to a labor shortage can delay a project, which can cost both the owner and contractor time and money.

What is the Worker Adjustment and Retraining Notification Act?

Sudden changes in the workforce may become necessary for your company operating in Miami, Florida. According to the Florida Department of Economic Opportunity, your business may be subject to the Worker Adjustment and Retraining Notification Act if you must end employment for a large number of workers. This act requires 60 days advance notice for those affected.

Generation-skipping trust may be your grandchild's best gift

Those of you with grandchildren, whether they're toddlers or already adults, know how fun and rewarding it is to give them gifts. But as they grow older, it can become harder to know exactly what the best gifts are for a grandchild. You may even be wondering what gifts you can leave behind that will have a lasting impact -- something your grandchildren will cherish and remember you by after you're gone.

Construction worker shortage has impact on Florida firms

Since the recession, construction companies in Miami, Florida, may have struggled due to financial problems within the industry. Now, according to a 2015 survey by the Associated General Contractors of America, construction firms are reporting a new issue. Instead of a shortage of work, they are facing a shortage of skilled workers.

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