January 3, 2018 at 2:44 pm #144210
I have a small business startup LLC and have several limited partners who are employees. It’s a food business in San Diego. Are they exempt from the labor rules? Meaning I as the 85% majority partner am likely exempt from overtime and can be salary, etc… are my small share partners exempt as well?
Dan.January 3, 2018 at 2:54 pm #144607
Congrats on starting a food business in San Diego! Without more information, It would be irresponsible of me to give a quick answer so I’ll refer you to some sources instead. In a nutshell, if you and your employees are paid salary and have exempt status, then you might not have to pay overtime. But no one is exempt from the labor rules. I would have to know their job titles/roles, responsibilities to determine whether they qualify for the exempt status. Here are some helpful resources:
https://fitsmallbusiness.com/exempt-vs-non-exempt-employees/ < -- To determine if exempt status is valid. https://fitsmallbusiness.com/federal-labor-laws/ < -- Labor laws every business owner should know. To help you focus on your food business and get out of the employment law business, consider using a payroll provider that provides HR consulting services as well. https://fitsmallbusiness.com/finding-the-right-payroll-solution/
Best of luck to you!
San Diego born!