Commercial Law

The Essential Role of Actuarial Certificates in the Legal Landscape

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In the dynamic world of law and finance, actuarial certificates play a vital role in ensuring smooth transactions and safeguarding interests. These certificates, provided by professional actuarial services, have implications across a wide range of legal applications and scenarios.

What are Actuarial Services?

Before delving into the specifics of actuarial certificates, let’s clarify what actuarial services are. In a nutshell, actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those pertaining to insurance and pensions. Actuarial services encompass this data analysis to assess risk and predict financial outcomes. This expertise is sought after in a variety of sectors, including insurance, pensions, finance, investments, and even health care.

Understanding Actuarial Certificates

Now, let’s turn our attention to actuarial certificates. These documents are typically issued by an actuary. The certificate serves as an official confirmation that the actuary has examined the figures, methods, and assumptions used in the calculations and found them to be in accordance with accepted actuarial principles and regulations.

Actuarial certificates are thus a fundamental instrument in instilling confidence and trust in the integrity of financial and risk assessments. They provide an objective evaluation that validates calculations, facilitating informed decision-making.

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Commercial Law

9 Tips for Growing Your Business

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When you have a business, commercial lawyers are needed to ensure everything you do is legal and watertight, from setting up your business structure through to leases and contracts. But once your business is up and running, it may be that you decide that more growth is necessary to achieve your business goals. Again, legal help may be necessary to ensure everything is done properly and in a way that helps ensure the business has a solid base.

Most businesses, such as web designers need to achieve a certain amount of growth in order to remain successful, and one of the most important ways to do this is to expand your customer base. Even if you have many customers on your books, there will still be some attrition as people move, their needs change or they may decide to try out the competition. So it’s important to spend at least some time in getting more customers.

Here are some tips to help grow your customer base

  • Understand your customers’ needs so your business can meet them. To do this you can ask for feedback to see if there are any other products or services you could provide them with.

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Commercial Law

Why You Need Commercial Lawyers When in Business

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Whether you are starting up a new digital marketing or running one that is well-established, you will need the assistance of commercial lawyers for a great many things. For one thing, your business must be compliant in all ways with the law for tax and other purposes or you risk heavy fines or even being shut down. And if you don’t heed the law in every business matter you risk compromising your business which can easily mean facing a lawsuit of some kind from employees or clients.

Here is how lawyers can help people in business: –

  • They can make sure your business is set up properly with the right structure and can help you dissolve it when the time comes.
  • Lawyers can prepare contracts to ensure the terms and conditions are suitable for you and your clients and that the due diligence standards are met.
  • They can help settle business disputes and avoid litigation. They can help you though litigation if it occurs.

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Commercial Law

Protect your Business from Costly Litigation

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Costly Litigation

Ensure that you have a Well-Structured Business Agreement in Place

Proper documentation and can detailed business contracts are extremely helpful when the business runs into trouble or when disputes arise. Seeking legal advice from experienced commercial lawyers right at the beginning of the process paves the way for efficient and methodical dispute resolution. Commercial dispute resolution often involves consideration of multiple factors such as documentation, consideration of rights and responsibilities of all parties and a sound knowledge of the Australian commercial law.

Corporate lawyers are trained to examine various aspects of the problem and offer solutions that are legally valid.

It’s important to understand that everything that the business does by way of transactions should fall within the framework of the terms and conditions contained in the agreement. Poorly worded, vulnerable or legally invalid business agreements can put your business at risk and expose to increased risk of litigation. A detailed and comprehensive business contract helps reduce the likelihood of risks and liability and also provides for improved evaluation of the facts. In the absence of a business agreement, the facts are open to misinterpretation thus leading to subsequent confusion, delay and prolonged stress.

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Commercial Law

What Happens if Your Company is Insolvent?

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Insolvency in a business can happen for many reasons – a downturn in the economy, poor management or fraud being just some of them. Some of the signs that financial difficulties are lurking in your business are poor cash flow, ongoing losses and creditors still being unpaid outside of normal trading terms.  If you even suspect your business is losing ground financially it is imperative to act quickly in order to save it, and first call of action should be to find some legal advice and a lawyer.

To do this, Lawyers Perth advise that the first thing that should be done is to consult with competent commercial lawyers to make sure your company is indeed, heading towards financial disaster. It is wise to take business advice from business experts and implement it as quickly as possible in order to save your business. This advice could be anything from cost cutting measures through to restructuring the business, all depending on the state of the finances and type of business structure already in place.

But what happens if this is not enough and your business becomes insolvent?

  • Do not allow the company to incur any more debt.
  • Do not continue to trade.
  • Check out your options for restructuring, refinancing or getting more equity.
  • If these are not advisable, you will need to appoint an administrator or liquidator.

An administrator will work in the company to see if it can be saved in any way. If it can, well and good. If it cannot be saved, an administrator’s job is to see that the creditors get a better deal that they would if the company went straight into liquidation.

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Commercial Law

What to do with Uncollected Goods in Business

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When you are in business you’ll soon find out that there are laws about everything, which is good because it saves you having to work out what to do in certain circumstances and if you are not sure about the law for that circumstance, commercial lawyers will soon be able to tell you. Legal help will ensure your business runs like a well-oiled machine and has the best chance of success.

One question you may have is what to do about uncollected goods that are taking up storage room. Now before you call in Brilliance Removalists Perth there are a few things you should know. For instance, a business that does car repairs may be left with a car that has been repaired, but the owner has not come to collect it and you can’t contact them. That car is taking up valuable space in the workshop, so what can you do? Or if your business is a dry cleaners, what can you do with clothing that has never been picked up? What if you own a caravan park and campers have gone off and left their tent or other accessories behind?

This can be a big nuisance since you can’t dump the stuff; it belongs to someone else and what if they eventually did come for it?  You can’t sell it off because again, it doesn’t belong to you, so that would be illegal. So how can you dispose of these goods legally? This might be something of a quandary, but luckily there are laws about such matters.

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Commercial Law

In Test for Unions and Politicians, a Nationwide Protest on Pay

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The protest by tens of thousands of low-wage workers, students and activists in more than 200 American cities on Wednesday is the most striking effort to date in a two-and-a-half-year-old labor-backed movement that is testing the ability of unions to succeed in an economy populated by easily replaceable service sector workers.

Labor has invested tens of millions of dollars in a campaign for a $15-an-hour minimum wage that goes beyond traditional workplace organizing, taking on a cause that has captured broad public support. But the movement is up against a hostile business sector sheltered by a decades-old federal labor law that makes it difficult for workers to directly confront the wealthy corporations that dominate the fast-food and hospitality industries.

For political activists looking to the 2016 presidential campaign and beyond, the wage fight is coming at a potentially pivotal moment, the first concrete, large-scale challenge in decades to an economic system they view as skewed toward the wealthy.

Commercial Law

Minimum Wage for New York City’s Tipped Workers Will Increase to $7.50

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Continuing to push for higher wages for the state’s lowest-paid workers, Gov. Andrew M. Cuomo announced on Tuesday that all of the waiters, waitresses and others who work for tips in New York City will soon get a raise of their minimum wage to $7.50 an hour.

The increase was ordered by the acting labor commissioner, Mario J. Musolino, and will go into effect at the end of the year. It will consolidate three categories of tipped workers — whose minimum hourly wages range from $4.90 to $5.65 — into a single class to be paid at least $7.50 an hour.

The governor appeared with labor leaders at a union hall in Manhattan to celebrate Mr. Musolino’s decision and to repeat his own call for an increase in the statewide minimum wage for nontipped workers to $10.50 an hour. Mr. Cuomo also restated his view that the general minimum wage in the city should be even higher, $11.50 an hour, because of the higher cost of living.

The statewide minimum is scheduled to rise to $9, from $8.75, at the end of the year. But Mr. Cuomo said that increase, which translates to about $18,000 a year before taxes, was insufficient

Commercial Law

A new effort to help black workers find higher-paying jobs

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A year ago, LeDaya Epps of Compton was unemployed and raising three children on her own, struggling to keep her car running to search for jobs.

On Tuesday night, she was sitting in the U.S. Capitol for the State of the Union address, a guest of First Lady Michelle Obama. Through the help of community organizations pushing for greater inclusion of African American workers, Epps has earned a good paycheck for more than six months helping to build the Crenshaw/LAX light-rail line.

Epps’ improving fortunes stem from an approach experts say could alleviate persistently high unemployment in the black community. An agreement involving government, organized labor and community organizations has required contractors to provide more opportunities for disadvantaged workers to get jobs on the rail project.

It’s an effort to create pipelines for black workers into higher-paying industries such as construction. Without such intervention, success often comes down to connections rather than qualifications, saidLola Smallwood Cuevas, director of the Los Angeles Black Worker Center, an affiliate of the UCLA Labor Center.

“It’s a question of the social networks around the work,” said Cuevas, whose organization helped Epps find work. “How do you crack what has historically been a difficult industry for women, and for black workers in particular?”

Commercial Law

NLRB hits McDonald’s as joint employer

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McDonald’s and its franchisees illegally retaliated against employees for participating in union-related activities, the National Labor Relations Board’s top lawyer alleged Friday in a case with sweeping industry implications.

NLRB general counsel Richard Griffin announced Friday he will issue 13 complaints involving 78 charges against franchises and McDonald’s USA, LLC.

Though many of these alleged labor violations were committed by independent franchise owners, Griffin ruled earlier this year that McDonald’s can be held liable for those actions as a so-called joint employer, leaving the corporatrion — and potentially other franchisors — exposed to such claims.

McDonald’s said the decision will “strike at the heart of the franchise system.”

“McDonald’s is disappointed with the board’s decision to overreach and move forward with these charges,” the company said in a statement.

“These allegations are driven in large part by a two-year, union-financed campaign that has targeted the McDonald’s brand and impacted McDonald’s restaurants,” it added.

McDonald’s argued it shouldn’t be held responsible for labor decisions made by independent franchise operators, but labor groups accused the popular fast food chain of “inventing a make-believe world in which responsibility for wages and working conditions falls squarely on the shoulder of franchisees.”

Commercial Law

Fast Food Workers, Joined By Other Low Wage Workers, Strike in Record 190 Cities

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Two years after fast food workers in New York walked out of stores and restaurants throughout the city to demand $15 an hour and a union, their movement has grown and changed dramatically. That was evident on December 4, when fast food workers in approximately 190 cities went out on strike, according to organizers—the largest number so far.

In addition, since the “Fight for 15” came at a time of continuing decline in real wages for most Americans, the workers’ demands have triggered new, broad-based campaigns that are winning much higher minimum wages than anyone dreamed possible in many states and localities. Organizers claim that in large part thanks to this spreading campaign, nearly 7 million workers have received significant pay raises.

But the workers’ reliance on direct action, including civil disobedience that started last year and has been part of many protests and strikes since, has also inspired workers from other industries to join in, especially low-wage service workers who are largely interchangeable in the job market.

For example, according to organizers, as workers went out on strike at the super-sized “Rock ‘n Roll McDonald’s” in downtown Chicago during today’s actions, a convenience store clerk at a nearby BP station who had witnessed such protests before walked off his job and joined the fast food workers. Around the country, organizers said that burger cooks and cashiers were joined not only by convenience store workers but also home care aides, airport workers, dollar store and Walmart clerks, federal contract workers and even some adjunct professors.

Commercial Law

9 Ways to Expand Your Business

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When you have a business there is nearly always one or more ways to expand that are not necessarily expensive – of course, many ways that are more costly. It is a great idea to consult with your business consultants and commercial lawyers and even with your accountant to ensure you don’t overestimate the amount involved and end up struggling to meet other payments and costs.

Here are 9 ways in which you may be able to expand, depending on your business model: –

  • Go online. Having a website will take your business to the next level, since these days so many people spend their time online. Your website must be responsive so it is easy to read on a small screen because people go online with their iPhones as much as a computer. You can have a landing page to harvest email addresses, or sales pages that enable customers to buy their goods directly from your business 24/7. If your website is international, make sure the goods you offer are allowed in other countries.
  • Import goods from other countries to sell. If your business sells goods, purchasing stock from other countries may mean you can offer a wider variety of goods that are not available locally. Many people love the goods that are available overseas. Be sure to follow the import/ laws of your own and the other country.
  • Export your goods. Sending goods overseas can also mean an expansion in your data base and you can easily take orders through your website. Make sure you only export what is allowed in the destination country.

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