What is the spectrum of business disputes that commercial litigation covers?

Commercial litigation spans numerous types of business disputes. It is an umbrella phrase that applies to all sorts of business related conflicts and issues. A protracted business dispute has the potential to disrupt your day to day business operations and have a negative impact on your individual livelihood. Don't let this happen to your business. With the help of an experienced attorney, you'll be able to pursue commercial litigation and hopefully obtain a favorable result. Oftentimes, the mere threat of litigation is enough to force the other side's hand.

One of the most common business disputes that commercial litigation covers is the contract dispute. If one party fails to deliver goods or meet the terms of a written contractual agreement with another business or an employee, corporate attorneys are often needed to pursue commercial litigation. Breach of contracts occur every day in the United States. The remedies that the non-breaching party can pursue will depend on the amount of money lost or severity of the injuries suffered as a result of the breach.

Attorneys often pursue commercial litigation on a business's behalf when tortious interference exists. A business tort is a claim for either negligent or intentional wrongdoing within a commercial relationship. Such claims are based on either common law or statutes. The elements of torts usually vary from state to state and most require that the plaintiff prove the existence of a contract or an economic relationship.

Other business disputes that result in commercial litigation include anti-competitive behavior and unfair business practices covered under antitrust laws. This type of litigation can be brought by businesses or consumers. Businesses often pursue commercial litigation when competitors violate the Racketeer Influenced and Corrupt Organizations (RICO) Act. While this was originally passed to combat organized crime, it is broadly applied in today's business world. The Act states that it is unlawful for a person or organization to manipulate a business to conceal, engage in or benefit from racketeering activities.

Commercial litigation covers disputes that arise under the Uniform Commercial Code (UCC). This governs all commercial transactions including contracts for the sale of goods. When disputes arise regarding the passing of these goods from a seller to a buyer, commercial litigation is often required.

Commercial litigation also covers breach of fiduciary duties and conflicts of interest in corporate disputes and challenges to mergers and acquisitions. Other areas of coverage include non-compete agreement disputes, partnership disputes, collections lease disputes, distribution and licensing disputes and business dissolutions.

What are the corporate obligations related to federal unemployment tax?

Employers must pay both state and federal unemployment taxes according to a variety of factors. These taxes are used to fund the unemployment compensation benefit programs at the state and federal level. The proceeds are pooled to pay workers who lose their jobs due to no fault of their own. The focus of this article will be on corporate unemployment taxes paid to the federal government.

The amount of federal unemployment taxes that employers pay is determined by factors like the business type, its age, the amount of money that they pay their employees and the number of unemployment claims filed against them. The Federal Unemployment Tax Act (FUTA) forces a payroll tax onto businesses according to the wages that they pay to their personnel. While the burden of other payroll taxes is shared, the FUTA tax must be paid solely by the employer. This money is not withheld from employee wages.

In order to determine if your business must pay the FUTA tax, it must meet one of two conditions. Wages paid must have totaled a minimum of $1,500 to employees during any quarter. Or, the business must have a minimum of one employee on any day in each of 20 unique calendar weeks. These weeks do not have to be consecutive nor does the single employee need to be the same person. The federal government has defined a calendar week as seven straight days starting on Sunday and ending on the next Saturday. If a business meets either of these conditions, it will be required to pay the FUTA tax for the full calendar year as well as the following calendar year.

The FUTA tax is applied at a flat rate on the initial $7,000 worth of wages paid to each employee. When an employee's earnings for a single calendar year surpass $7,000, the business has no additional FUTA liability for that employee throughout the remainder of the year. This FUTA tax rate, applicable to the first $7,000 of wages per employee, is 6%.

It is worth noting that a business can typically claim credit versus its gross FUTA tax owed to reflect their unemployment taxes owed to the state. If the business pays all of its state unemployment taxes in a timely manner and ahead of the FUTA due date, it will be permitted to claim a credit worth 5.4% of the federally taxable wages. This can prove to be quite helpful as it can decrease the FUTA tax rate to merely 0.6%.  https://www.facebook.com/pages/Martin-Russo-Attorney/1531397160408391