The Grady Firm to Attend EB-5 Market Exchange Conference in San Francisco, October 22-24, 2014

Photo Credit: http://marketplace.iiusa.org/collections/2014-eb-5-international-investment-economic-development-forum-san-francisco-ca

Photo Credit: http://iiusa.org

Jennifer Grady, Esq., founding attorney of The Grady Firm, P.C. will attend the fourth annual EB-5 Market Exchange in San Francisco on October 22-24, 2014, hosted by IIUSA. The exchange is the industry’s largest annual gathering of business-focused EB-5 professionals and will draw over 500 attendees for a week of business development, industry education, and Program Advocacy.

International investment and economic development professionals from all over the world gather to network, do business, and learn from over 80 speakers and experts, which will include former San Francisco Mayor and Speaker of California State Assembly Willie Brown; Honorable Congressman Aaron Schock; and Honorable Gary Locke, Former U.S. Ambassador to China, U.S. Secretary of Commerce, and Governor of Washington. Continue reading

New Paid Sick Leave Requirements for California Employers Starts July 1, 2015

By Jennifer A. Grady, Esq. and Gayane Khechoomian, Esq.

sick leaveStarting on July 1, 2015, a new law affecting millions of Californians will require that employers – both public and private – provide paid sick leave to all their employees. The “Healthy, Workplace, Healthy Families Act” (AB-1522) signed into effect by Governor Edmund G. Brown Jr. applies to all employees who work in California for 30 or more days in a year. The law defines “employer” as any person employing another under any appointment or contract of hire” regardless of how many employees they have,  and covers employees whether they are full-time, part-time, seasonal, or temporary.

Specifically, the new provision provides that employees who work 30 or more days within a year from commencement of their employment will earn a minimum of one hour of paid sick leave for every thirty (30) hours worked. Employees become entitled to their sick leave beginning on the ninetieth (90th) date of employment. However, an employer may limit an employee’s use of paid sick days to 24 hours—or three (3) days—in each year of employment.

Click HERE for the full text of the new law.

New posting, notice, and recordkeeping requirements

A new poster detailing paid sick leave will be prepared by the California Labor Commissioner that employers are required to post at the workplace. In addition, the Wage Theft Prevention Act’s New Hire Notice is amended to include information about paid sick leave.  It will also be required to provide written notice of the amount of paid sick leave or PTO available to the employee each pay day – a requirement that can be satisfied by including the accrued hours on employees’ itemized wage statements.  Records documenting the hours worked and paid sick days accrued and used by an employee must be kept for at least three years, and made available to employees upon request, pursuant to the California Labor Code.

Continue reading

Jennifer Grady, Esq. to be a”Super Mentor” at Green Festival Los Angeles, September 12, 2014

On September 12, 2014, Jennifer Grady, Esq. will be counseling Green business owners as part of the Pay It Forward Labs Super Mentor area at the Green Festival at the Los Angeles Convention Center.  The PIF Labs Super Mentor area will feature experts from all fields of business from 2:00-6:00 p.m.  Attendees who are interested in speaking with the mentors can schedule a time to speak with them at the PIF Labs designated area of the event.  The festival is a three-day event that takes place from September 12-14, 2014.

For a full list of speakers, click here.

Jennifer A. Grady, Esq. provides business, employment, and immigration counsel to entrepreneurs, and is the preeminent “pre-nup attorney” for business owners. As the founder of The Grady Firm, P.C., a full-service View More: http://elyanaphotography.pass.us/jenniferbusiness law firm; Ignite Startup School, an online platform that teaches entrepreneurs how to start and grow their businesses; and the Women Entrepreneurs Club, she is well-versed in all aspects of entrepreneurship. Ms. Grady is also a certified Mediator and is fluent in Spanish. Continue reading

Canadian Immigration Policy Turns Against Investor-Based Immigration, Leading to More Opportunities for Foreign Investors in the United States

By Jennifer A. Grady, Esq. and Anthony Mance, Esq.

 A report in the Hong Kong media led to the downfall of the world’s most popular investor-based visa program in Canada, leaving thousands of foreign investors out in the cold. According to an article published in Forbes magazine on February 13, 2014, the Canadian government announced the immediate cancellation of the popular investor visa program after the highly publicized report stated that “the country’s investor visa program had become an express lane for wealthy Chinese hoping to secure overseas residency”. The cancellation of the program meant that 65,000 pending applications, including 45,500 of which were submitted by individuals from Mainland China, were immediately eliminated.

In a statement made on the evening of February 11, 2014, the Canadian government announced the termination of both the Federal Immigrant Investor Program (IIP) and Federal Entrepreneur (EN) program. In 2011, approximately 10,000 immigrants entered Canada through the IIP, while almost 1,000 entered through the EN program. Continue reading

San Francisco Board of Supervisors Passes Fair Chance Ordinance, Creating New Requirements for Employers During the Hiring Process

San Francisco City Hall. Justin Sullivan/Getty images.

San Francisco City Hall. Justin Sullivan/Getty images.

by Gayane Khechoomian

As of August 13, 2014, San Francisco businesses with 20 or more employees are required to review an individual’s qualifications before inquiring about that person’s arrest and conviction record(s) and related information.

The San Francisco Board of Supervisors passed the Fair Chance Ordinance (“FCO”) requiring that employers limit the use of criminal history information and follow certain procedures and restrictions when inquiring about and using conviction history information.

Specifically, the ordinance outlines (1) which criminal arrest and conviction records cannot be used during the hiring process, (2) when employers can ask about criminal arrests and convictions, and (3) what interactive process the employer must engage in with regard to the individual’s arrest and conviction record.

In addition, employers covered by the FCO must include in all job ads or solicitations a statement that the employer will consider qualified applicants with criminal histories in a manner consistent with the requirements of the FCO.

The ordinance covers all jobs temporary, seasonal, part-time, contract, contingent, and commission-based. It also covers those who do work through a temporary or employment agency, and educational or vocational training.

Read more here.

The Grady Firm. P.C. attorneys provide employment document drafting and legal counsel for business owners and Human Resources Managers.  To learn how we may be able to assist you, schedule a complimentary 15-minute consultation with our attorneys here, or call (323) 450-9010.

The Grady Firm, P.C. Expands to San Francisco and San Diego, California

The San Francisco Office is conveniently located at 555 California Street, San Francisco, CA  94104

The San Francisco Office is conveniently located at 555 California Street, San Francisco, CA 94104

The Grady Firm, P.C. is pleased to announce that it has opened offices in San Francisco and San Diego, California to better serve the needs of its clientele throughout the state. These offices are exciting additions to the current Los Angeles headquarters in the Miracle Mile/Museum District of Los Angeles, which is located across the street from the Los Angeles County Museum of Art (LACMA) on Wilshire Boulevard in the heart of Los Angeles.

At the San Francisco location, The Grady Firm, P.C. offers Startup/business advising, employment law, criminal law, family law, immigration, and Intellectual Property services.

The San Francisco office building is centrally located in the downtown Financial District on 555 California Street.  As the fifth tallest building on the west coast of the United States, it is a monument to San Francisco’s bold natural landscape and one of the most recognized buildings in the country.  Also known as the “Triple 5,” the building has starred in several classic movies, including Dirty Harry (1971), The Towering Inferno (1974), and in the Chuck Norris film, An Eye for an Eye (1981).  The building has easy access to public transportation, including BART and the Muni Metro.

The San Diego office is located at 964 Fifth Avenue, San Diego, CA 92101

The Granger Building at 964 Fifth Avenue, San Diego, CA 92101

At the San Diego location, The Grady Firm, P.C. offers services in immigration law, business law, and employment law.  The San Diego office is located in the Romanesque-style, turn of the century Granger Building at the corner of Fifth Avenue and Broadway, the gateway to the world-famous Gaslamp Quarter and Core/Civic District.  Throughout its hundred year history, the Granger building served San Diego as a bank, office space, and even hosted animals for the San Diego Zoo.  The building is close to public transportation.

The Grady Firm, P.C.’s Los Angeles Headquarters at 5900 Wilshire Blvd, 26th Floor, Los Angeles, CA 90036.

At the Los Angeles, California headquarters, The Grady Firm, P.C. continues to offer services in Startup/business advising, employment advising, business litigation, employment litigation, immigration, estate planning, and Intellectual Property.

The Grady Firm attorneys are able to serve clients throughout California and the globe through in-person meetings, phone calls, and Skype calls.   To best serve its international clientele, The Grady Firm attorneys are fluent in Spanish, Chinese, French, Hindi, Punjabi, Armenian, Swedish, Hungarian, Korean, and Russian.

Schedule a complimentary 15-minute consultation today with The Grady Firm attorneys by calling (323) 450-9010, or submitting a contact request form.

 

Why Does Your Company Need an Employee Handbook?

EmployeeHandbook_Pop_6467Wage and hour disputes are on the rise in California, where the laws tend to favor the employee over the employer.  One of the first things that plaintiff’s counsel will ask for in a lawsuit is a copy of the company’s Employee Handbook, so it is essential that a company have a tailored, up-to-date Handbook that outlines the company’s policies, along with the relevant California leave laws.

Employee Handbooks should be updated annually, and the signature pages must be kept in the employee’s personnel files as evidence that the employee reviewed the document.

Read the full article here.

The Grady Firm. P.C. attorneys provide custom-drafted Employee Handbooks and forms to make the lives easier for company owners and Human Resources Managers.  To learn how we may be able to assist you, schedule a complimentary 15-minute consultation with our attorneys here, or call (323) 450-9010.

Which Funding Options are Available to Help Entrepreneurs Start and Grow Their Businesses?

CROWDFUNDING, VENTURE CAPITAL, AND GOVERNMENT GRANTS

by Jennifer A. Grady, Esq. and Tristan Younghaus, Esq.

Starting a business can be an exciting, yet costly endeavor. Entrepreneurs need Startup capital to cover the cost of living expenses, salaries, overhead, legal fees, filing fees, marketing/advertising, shipping costs, and even production costs. There are numerous funding options available, from interest free loans to venture capital.

In this two part series, we explore the various options that are available for small business owners and entrepreneurs. In the event business owners and entrepreneurs are unable or unwilling to secure funding in the form of loans from family, friends, bank loans, or Small Business Administration (SBA) loans, they may want to consider exploring other sources of funding, such as crowdfunding, venture capital, and government grants. Continue reading

U.S. Supreme Court Ruling Requires Many Children to Restart the Immigration Process When They Turn 21

by Jennifer A. Grady, Esq. and Anthony Mance, Esq.

ImageIn a divided 5-4 decision on June 9, 2014, the United States Supreme Court struck a blow to the Child Status Protection Act (CSPA), a law that preserves an applicant’s “minor” status during the often lengthy wait time for an immigrant visa. In upholding the Board of Immigration Appeals’ restrictive interpretation of the Child Status Protection Act (CSPA) in Scialabba v. Vuellar de Osario, the Court addressed the issue involving immigrant Permanent Resident petitions on behalf of individuals with dependent children who “age out” (turn 21) while their petition is pending.

Under this decision, once these children “age-out”, they will essentially lose their place in the visa line alongside their parents. The Supreme Court majority ruled that in essence, despite having waited his or her turn in line, once the child reaches the age of 21 and “ages out”, the child has to find his or her own basis for applying for a Green Card and start the process over again. For many, the only basis that will be available to an adult child of a Permanent Resident, is acting as a derivative beneficiary of their parents’ application. In practice this will mean not only having to wait for their parents to obtain their own Green Card first, but also having to wait for a Green Card to become available for their own category. Continue reading

What Types of Lending Options are Available to help Entrepreneurs Start and Grow Their Businesses?

PERSONAL LOANS, BANK LOANS, AND SBA LOANS

by Jennifer A. Grady, Esq. and Tristan Younghaus, Esq.

Starting a business can be an exciting, yet costly endeavor. Entrepreneurs need startup capital to cover the cost of living expenses, salaries, overhead, legal fees, filing fees, marketing/advertising, shipping costs, and even production costs. There are numerous funding options available, from interest free loans to venture capital. In this two part series, we will explore the various options that are available for small business owners and entrepreneurs. In this blog, we will discuss loans/gifts from family and friends, bank loans, and Small Business Administration loans. The next posting will explore government grants, venture capital, and crowdfunding.

1. Loans/Gifts From Family and Friends

ImageOne of the most common places entrepreneurs begin when searching for funding is by soliciting loans from family and friends. These personal loans are not considered to be a “loan” by the Internal Revenue Service unless the terms of the agreement are stated in writing, (i.e. by stating the loan amount and the interest rate to be paid). Otherwise, after January 1, 2013, the IRS considers the money given to be a gift, and subject to the Federal Gift Tax, if the loan amount is over $14,000.

For borrowers, it may be most advantageous to have the terms of the loan written loosely, and to set proper expectations for all parties involved. For example, in order to preserve the integrity of the personal relationship, the borrower should make it clear that the loan should actually be considered a “gift” in the lender’s mind, and that the lender maintain the expectation that it may never be paid back. This is due to the high likelihood that the money will not be recouped. The borrower may want to avoid memorializing a specific date of repayment, with terms such as, “borrower to pay back loan when monthly income is greater than $10,000.00,” or whenever a reasonable amount is reached. Continue reading

Interview with Syama Meagher, host of Ignite Startup School 105: Optimizing E-Commerce

Syama Meagher will be teaching Ignite Startup School 105: Optimizing E-Commerce on June 10, 2014 from 12-1 p.m. PST.

Syama Meagher

Syama Meagher

  1. You are the founder of Scaling Retail, a fashion retail and brand consulting firm. How did you get to that point in your career?

I founded the business back in 2009, and it happened while I was working at Barneys in their Ecommerce division. I had a meeting with the supplying office, and I met with a lot of designers and brands who needed help and guidance to successfully grow their business and make them better. I knew that I had those skills, and that I could fill a niche.

  Continue reading

How Do You Save Your Marriage from Your Startup? Who Gets the Company in the Divorce?

Excerpt From Inc. Magazine

Image“Maintaining a marriage is hard enough as it is. The national divorce rate is at an all-time high, and it has doubled for Americans over age 35 in the past two decades, according to an April report by researchers at the University of Minnesota. Nearly half of all people who have been married undergo a divorce or separation by their late 50s. Though there has been scant research on the topic of entrepreneurs and divorce, many founders say that the overwhelming pressures and demands of launching a company have wreaked havoc on their marriages. What’s worse, a failed marriage can all too easily destroy even a thriving entrepreneurial business.

Even some of the most successful entrepreneurs have experienced marital failure. Last year, Google co-founder Sergey Brin separated from his wife, Anne Wojcicki, the co-founder of DNA-testing company 23andMe. In 2010, Wynn Resorts founders Steve and Elaine Wynn got divorced–for the second time. And Elon Musk, founder of Tesla Motors and SpaceX, has been divorced twice since 2010.

Nine states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin) have community property laws that dictate all assets accumulated by the couple during the marriage be split down the middle. That includes company stock. In some cases, companies have been sold to raise cash to pay off spouses. In others, brawling exes have been forced to become business partners.

Even if you try to shield your spouse from the daily travails of running a company–the nearly missed payrolls and the personnel problems–those pressures have a way of following you home.”

Read the full article here.

The Grady Firm, P.C. is a full-service law firm catering to business owners and their families. As the “pre-nup attorney for businesses,” founder Jennifer Grady, Esq. and her team of attorneys in the Business Advising Department draft Bylaws, Operating Agreements, Buy/Sell Agreements, and Shareholder Agreements to protect their entrepreneur clients from their partnerships going awry.  The Grady Firm’s Estate Planning Department protects business owners’ assets through trusts and asset protection methods.

To find out how to protect your family and your business, schedule a complimentary 15-minute consultation today, or call (323) 450-9010.

Which U.S. Visas are Available for People in the Arts and Entertainment Industry?

by Jennifer A. Grady, Esq. and Anthony Mance, Esq.

For artists, chefs, musicians, dancers, athletes, performers, and other individuals with talent in the art and entertainment industry, there are numerous visa types available to enter and work in the United States on a non-immigrant visa. Read below to learn about the visa types that may be available to such individuals.

O-1: Individuals With Extraordinary Ability or Achievement

TheImage O-1 visa is reserved for a very limited group of people possessing exceptional abilities in the arts, sciences, education, entertainment or business. To qualify for an O-1 visa, the applicant must not only be considered “world-class” in his or her profession, but must be internationally known and recognized for their achievements. According to USCIS, to qualify for an O-1 visa, the applicant must be able to demonstrate a “sustained national or international acclaim.”

As a general rule, a successful O-1 application will include letters of recommendation from recognized individuals and organizations in the relevant field, and demonstrable proof that the applicant is nationally or internationally recognized. Continue reading

Learn How to Comply with California Labor Laws at Ignite Startup School 103 Webinar on May 7, 2014

ImageOn May 7, 2014, from 12:00 to 2:00 p.m. PST, employers will learn what they need to know to become compliant with California and Federal Labor Laws in the Ignite Startup School webinar #103.

Now that your business is ready to hire employees, it becomes subject to California labor and employment laws.  Wage and hour lawsuits have gone up 300% since the year 2000, and each lawsuit can costs employers hundreds of thousands of dollars in attorney’s fees, settlement costs, and lost profits. 

 

Don’t be a statistic—arm yourself from employee lawsuits in this 2-hour course, in which you will learn: Continue reading

Common Mistakes Entrepreneurs Make When Involving Business Partners- Entrepreneur Podcast Network Interview with Jennifer Grady, Esq.

EPN logo

Jennifer Grady, Founding Attorney and Business Consultant at The Grady Firm, P.C. joins Enterprise Radio working in conjunction with the EPN Legal Corner & eLosAngeles. Jennifer discusses common mistakes made by entrepreneurs when involving business partners.

Listen to interview with host Eric Dye & guest Jennifer Grady discuss the following:

  • Tell me about why you founded The Grady Firm and how you help entrepreneurs?
  • With the current “Do It Yourself” mentality promoted on the Internet today, why is it important for entrepreneurs and business owners to work with an attorney?
  • What are some of the most crucial documents that business owners need at each stage of the business cycle?
  • What are some of the most common mistakes that you see entrepreneurs make when working with business partners?
  • What are some resources that are available to entrepreneurs who seek legal counsel and moral support as they move forward with the endeavors?

Listen to the Podcast here.