Equity Incentives: The types, ideal amounts, and grant process

by Audrey Wessel

If you're reading this, you probably already know it's common for companies, including those in early stages, to offer incentives to employees in the form of equity or equity equivalents. Why? Because equity incentives can help in attracting and retaining talent at any company, and in early-stage companies, equity incentives may also be used to compensate personnel if the company is not yet able to pay market-rate salaries.

But it's not all straightforward. Equity incentives can be complicated from both a legal and tax perspective. Below are some frequently asked questions that we receive in regard to equity incentives.

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Indiana Employers with Minor Employees have New Requirements

by Tessa Steffens

It's no secret youth employment reaches its biggest heights in the summer. No school and minimal extracurricular activities means many teenagers are often looking for ways to make extra cash. But there's a change coming soon that may impact employers.

Effective July 1, the Indiana Department of Labor’s Bureau of Youth Employment has issued a new requirement regarding minor employees (over the age of 14 but under the age of 18) that affects certain employers.

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Tips for Passing the Bar Exam from Gutwein Law Attorneys

by Gutwein Law

With the end of the Spring semester suddenly upon us, many law school graduates are preparing for one more final exam -- the bar exam. While these students have spent the past couple years preparing for this very moment, many undoubtedly will experience lots of stress over the next several weeks.

With that in mind, what can a soon-to-be licensed attorney do to ease their nerves and  increase their odds of passing the bar exam? We don't promise to have all the answers, but we asked some of our attorneys who have been there for their best bar prep tips.

Here's what they had to say…

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These Are the Major Life Events that Trigger an Estate Plan

by Sean Farrell

When should I think about my estate plan? As a new attorney, I sometimes even find myself asking this question. When many people think about estate plans, they think of appointing guardians for their kids and what treasured personal items they want their family members to have. While these are significant parts of estate planning for many people, there are lots of other important estate planning questions we should consider throughout our lives.

One question we should all start considering as young adults and continue to reflect on as we age is "Who do I want to help care for me if something happens to my health?" Financial power of attorney, healthcare power of attorney, and HIPAA releases are all documents we should consider having throughout our lives. As much as we don't like to think about bad things happening to us, it's important to consider what will happen if we can't make decisions for ourselves. Together, these documents help ensure we're cared for if we're unable to do so for a period of time.

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SBA Restricts PPP Loan Applications for Employers with 20 Employees for 5 More Days

by Karen Young

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources#section-header-3

President Biden announced restrictions to the SBA’s PPP 2.0 loan applications to benefit small businesses and non-profit organizations with fewer than 20 employees and sole proprietorships for a 2-week period from Wednesday, February 24, 2021 through March 9, 2021. On March 10, 2021, employers with over 20 employees will be able to again apply for PPP 2.0 funding until the expiration of this installment of funding on March 31, 2021.

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