On this episode of Ask The Tax Attorney, our expert guest, Alberto Naranjo, who specializes in employment law discusses the importance of caution and documentation when dealing with cases such as unfair termination, unpaid wages, and whistleblower complaints. Business owners should be careful not to rely solely on their managers to provide information about legal cases and not to err on the side of withholding overtime pay. Alberto shares his personal experience running a law firm and a family-owned bakery business in Florida. He advises businesses to seek guidance before reacting to potential red flags or making decisions that could harm their business. He also highlights the importance of diligence and caution when dealing with legal issues to avoid significant costs.
Listen in to learn more about:
- [00:00:53] Family successful in business, person followed in footsteps, opened own law firm after learning from family mistakes.
- [00:03:02] Lawyer helps companies and employees with employment issues, including wages, medical leave, injuries, whistleblower complaints, etc. Investigates claims of pregnancy discrimination.
- [00:05:07] Lawsuit filed by federal government resulted in costly settlement.
- [00:07:55] Business owners must document and train employees to protect against costly legal cases.
- [00:12:25] Document and back up payroll records for a minimum of seven years, pay employees correctly and err on the side of caution.
- [00:14:26] Pay legal wages; track hours; no rolling over.
- [00:15:46] Document everything, spot red flags, and consult an attorney before reacting.
- [00:18:22] High stress, difficult, costly; one mistake can ruin you; do things correctly; don’t use excuses; potential employee misclassification and IRS issues.
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ALBERTO NARANJO BIO:
Alberto Naranjo is a Miami native who comes from a family of successful business owners. Growing up in a household that owned a bakery in South Florida, Alberto developed a strong desire to run his own business from a young age. This drive led him to start his first business ventures while still in high school and college. After graduating, Alberto pursued his passion for entrepreneurship by opening his own law firm. Taking inspiration from his family’s business experiences, he utilized his firsthand knowledge of managing a business to better serve his clients. He shared the valuable lessons learned from his family’s successes and failures, offering advice on what to do and what to avoid.
Connect with Steven www.ANLawFirm.com
Connect with Claudia Moncarz:
- Website: https://moncarzlaw.com/
- Youtube: https://www.youtube.com/@AskTheTaxAttorney
- Linkedin: https://www.linkedin.com/in/claudiamoncarz/
- Instagram: https://www.instagram.com/AskTheTaxAttorney/
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