Monthly Archives: February 2014

Office Romances Can Have Employers Flirting With Trouble

Is there love in the air at your company? We’re not talking about people who love their jobs…we’re talking about employees who find love while on the job, and this could lead to a bad breakup for business owners.

Workplace romances are not uncommon these days, especially since men and women work together putting in longer hours than ever before. The reason that employers should be concerned about romance in the workplace is its potential effect on other employees and the potential for costly litigation, especially when the love affair is between a supervisor and a subordinate.

According to the Society for Human Resource Management, 43% of human resources managers have reported incidences of romance in the workplace. The largest potential legal landmine for employers is a claim of sexual harassment. Gossip and decreased productivity can also have a negative effect on a company’s work environment and, ultimately, the bottom line.

Banning office romances is unrealistic and difficult to enforce. Instead, companies should have a clear policy on workplace romance, spelling out what is allowed and what is not and the consequences for breaking these rules. This policy should include informing the employer of any romantic relationship, whether it is between peers or a supervisor and his or her employee.

Once a policy has been clearly defined, employers must take the next critical step in training employees on the policy, particularly sexual harassment training. The policy should be enforced uniformly across all levels of the organization to avoid costly litigation.

Companies of every size can benefit from having clear-cut rules on workplace romance; even small companies will want to take this step since the cost of defending an employment lawsuit can be devastating.

To learn more about maintaining good employment law practices, call us today to schedule your comprehensive LIFT™ (legal, insurance, financial and tax) Foundation Audit. Normally, this session is $1,250, but if you mention this article and we still have room on our calendar this month, we will waive that fee.

Receiving an Inheritance One Day? Here’s What to Do Now

Baby boomers are set to inherit up to $8.4 trillion over the next 15 years, according to The Center for Retirement Research at Boston College. A recent New York Times article explored the complicated issues that these inheritances can bring, including transferring the emotional attachment you had to your parents to what they have left… Continue Reading

Avoid These 6 Mistakes to Keep Your Company in Good Standing

One of the most costly things business owners can do – often through benign neglect – is allow their company to lose its good standing with the state where it operates. When this happens, a company can be administratively “dissolved” and owners can lose the personal liability protection of a corporation or LLC. Here are… Continue Reading

5 Steps to Preserve the Liability Protection of Your LLC or Corporation

Business owners concerned about protecting their personal assets from business liabilities often choose to operate their companies as a Limited Liability Company (LLC) or Corporation (usually as an S-Corporation), since these business structures provide what is known as a “liability shield”. However, a court can dissolve this liability shield if the proper steps are not… Continue Reading

Ensure the Longevity of Your Family Business

According to the Family Business Institute, less than one-third of family-owned businesses make it past the second generation of ownership and only 1 in 10 survives through three generations. Based on a New York Times study of family businesses, here are some tips on how you can ensure your family business survives: Reinvention. Businesses that… Continue Reading

Lessons Learned from Marlise Munoz

Everyone agreed on one thing: Marlise Munoz was dead. The 33-year-old Texas wife, mother and paramedic got up in the night on Nov. 26, 2013, to tend to her toddler son and suffered a pulmonary embolism. Her husband Erick, also a paramedic, was able to briefly get her breathing again and she was transported to… Continue Reading