Practice

Legal Areas

The areas of laws we discuss here are given below:

Labor Law

In order to help employees, job seekers, employers and also the retirees with an insight and assertive information on how to act in accordance with the federal employment laws, the U.S. Department of Labor (DOL) has been formed. Labor law is a compilation of federal and state law. Federal law sets right’s to systematize in the private sectors. This law provides limited human rights for the recruits of the federal government. This law is kept in mind to protect the citizens against harassment and employment discrimination. The labor law also includes legal documentation, signing a contract with the employer, number of hours working in a week, leaves, insurance coverage, safety policies, pay scales and hygiene. Different states follow different labor laws, understanding and adhering to these laws helps hedge one’s bets. Labor law also teaches us not to discriminate any employee by his / her religion, race, gender, color and nationality.

Income Tax Law

Income tax has turned out to be a saddle for every individual in recent times. The tax must be paid from time to time, and is composed on the terms of pay as you earn. Commercial profits made by the companies are often referred to as the corporate tax and throughout the U.S. the Internal Revenue Service collects the federal income tax. Investing in the US has been a safe place for the foreigners, as the investor can now bargain on anything while investing especially in the real estate’s due to the major dip in the U.S. dollar. United States Income tax laws are truly in favor of the foreign investors. The overall capital profits that the foreign investor makes here can either be tax free or subject to a nominal tax rate of around 15%. If a foreign investor does not know the in-and-outs of the Income Tax law then it could be an ambush for him/her and could result in paying around 65% of his profit in taxes. Usually, a tax year is counted from the 1st of January to the 31st of December.

Security Laws

Stocks and bonds are examples of the securities that are in the form of some kind of ownership. Securities and Exchange Commission (SEC) filings ought to be done by all companies, both foreign and domestic as to file periodic reports and registration statements as well and these can be done nowadays online. Sale of securities came into the picture in 1933 called as The Securities act of 1933 to help the federal government to stabilize and gain confidence in the investors through this system. Securities regulation in the country includes both state and federal level regulations. Companies are required to give full disclosure of all the material facts to its investors according to the Securities act. The Federal Securities Law and the securities industry are enforced and regulated by the U.S. Securities and Exchange Commission. The SEC has made mandate for all the public companies to submit quarterly and annual reports apart from other periodic reports. These reports will help investors make a sound decision while investing in the public sector.

Consumer Protection Law

This law is for the consumers who purchase goods / services from the market that are being sold through fake advertisements and unconscionable sales practices, debt collections, not delivering the promised product and quality and different types of transactions that the consumers make. Few organizations, which are related to consumer law, are the Better Business Bureau (BBB), Consumer Specialty Products Association (CSPA) and Consumers International (CI). This Law ensures the consumer to be on top of everything and ensures he / she gets the right goods/items promised by the distributor. Among all the states in the U.S., California has the most rigid law when it comes to consumer protection, while the other states lead in a specialized area of the consumer protection law. The Federal government makes it a point that the law is pasted in written form in all business establishments to protect the rights of the consumers. Customers can also have direct marketing and telemarketing merchants, stop the solicitations in the form of phone calls, mails and email, failing to do so will end the distributor over a barrel as the congress passed the Telephone Consumer Protection Act (TCPA) in 1991.