Business Law

New Rules for Federal Contractors and Subcontractors

by Kate Grado The Office of Federal Contract Compliance Programs (OFCCP) in the Department of Labor (DOL) recently finalized new rules affecting the affirmative action and nondiscrimination obligations of federal contractors and subcontractors.   The OFCCP’s final rule amends federal...

Minimum Wage Increases Ahead

by Kate Grado Oregon’s minimum wage is scheduled to increase to $9.10 per hour beginning January 1, 2014. Washington’s minimum wage is scheduled to increase to $9.32 per hour beginning January 1, 2014. California’s minimum wage is scheduled to increase...

Securities Law Compliance: An Overview of Small Offering Exemptions and Registration for Business Owners Interested in Raising Money

by Lee Lashway Following is an overview of several elements to be considered by issuers undertaking a “small offering” or “private placement” of securities. For purposes of this discussion, a “security” includes stock in a corporation; certain debt instruments, such...

What is Crowdfunding? And, How Can it Help My Business?

by John Rake and Lee Lashway Crowdfunding is a means of raising capital, typically by a large number of smaller contributions, from individuals via the Internet and social networking platforms. The use of crowdfunding as an alternative to traditional business financing...

Q&A: Differing Terms on Order Confirmation and Purchase Order

by Marjorie Elken Q:  If I send a customer an order confirmation that contains terms that are different than the terms in my customer’s purchase order, will my terms apply to the order? A:  If you are selling goods (as...

Are Membership Interests in LLCs Securities Under Oregon Law?

by Lee Lashway Membership interests in limited liability companies (LLCs) are not expressly included or excluded from the statutory definition of a security under ORS 59.015. As a result, the membership interest must be an “investment contract”  to be a...

Promissory Notes as “Securities” – A Trap for the Unwary?

by Lee Lashway In the current economic climate, bank financing can be difficult to obtain for even the most creditworthy borrower. Traditional lending sources for businesses have tightened the reins. Business owners may be tempted to turn to private lenders,...

Q&A: Litigation Hold Plans

by Jeff Matthews Q: What is a “litigation hold plan”? A: It is a comprehensive, pre-arranged plan to preserve records for use in prosecuting, or defending against, claims or lawsuits. Nowadays, records primarily reside as electronically stored information (“ESI”). ESI...

Steringer and Matthews Author Chapters for OSB’s Oregon Constitutional Law 2013 Edition

HLGR attorneys, Bob Steringer and Jeff Matthews each contributed a chapter to Oregon Constitutional Law, a new BarBook published by the Oregon State Bar. Steringer authored the “Contract Clause” chapter and Matthews authored the “Right to Bear Arms” chapter. Steringer...

What Is a Security? Why Should I Care?

Investors and Business Owners Looking for Investors: Primer on Securities by J. Lee Lashway Business owners sell securities to raise funds to operate or expand their business. Investors buy securities in the hopes of gaining a return for that investment....