Indemnification Issues For Acquisition Transactions In The Age Of Independent Contractors
By EsqSocial Corporation 07/04/21
On March 11, 2021, the Biden Administration proposed rescinding the Final Rule, as promulgated on January 7, 2021, regarding the independent contractor (“IC”) classification status under the Fair Labor Standards Act (“FLSA”). The proposed Final Rule enumerated factors to determine if persons are to be classified as ICs or employees. Two core factors governed the Final Rule test: (x) the autonomy of the worker and (y) the worker’s opportunity for profit or loss based on the worker’s performance...
By: Moritt Hock & Hamroff LLP