01 June

Sticky

Removal of corporate directors before the expiration of their terms.

in BLOG

Can shareholders remove a director from the corporation? In Corporate Law, only shareholders of the corporation can remove a director for cause before the expiration of his/her term. Board of Directors (or the “Board”) cannot remove a director for cause unless the Certificate of Incorporation or the shareholder by laws permit Board to remove a director for cause. “For cause” can occur for any action that is considered a grave misconduct such as violation of the corporation code of conduct or ethics policies, failure to follow corporation’s by laws, rules, policies or regular practices, breach of a contract, violence or threatened violence, self-dealing, fraud, forgery,...

26 May

0 Comments

Sticky

Department of Labor issued final rules for new overtime changes

Posted by Metin Caglar

in News

Last week, the Department of Labor issued final rules that will increase more than double the current minimum salary required for employees under the Fair Labor Standards Act. If the proposed changes are published as anticipated, you may have to act within 60 days in order to comply. For tips about compliance with new rules please visit http://sbshrs.adpinfo.com/flsa ...

16 May

0 Comments

Sticky

USCIS will increase citizenship application fees

Posted by Metin Caglar

in News

This week United States Citizenship and Immigration Service (USCIS) has announced that it will propose a fee increase for U.S. Citizenship application to $725. Currently, thesefees are $680 that includes $85 bio metrics fee for each person....

10 May

0 Comments

Sticky

Nisanli (K-1) Vizesi Nedir?

Posted by Metin Caglar

in BLOG

Nişanlı vizesi (K vizesi) bir Amerikan vatandaşı ile nişanlanan ve Amerikaya nişanlısı ile evlenmek ve yerleşmek için gelenlere verilen bir vize türüdür. Nişanlı vizesi için gereken ilk şart Amerikan vatandaşı ile nişanlısının vize başvurusu yapmadan önceki son iki yılda birbirleriyle tanisiyor olmaları gerekmektedir ancak bunun iki istisnası var: 1- Eğer nisanlilardan herhangi birinin kültürüne, örf adet ve geleneklerine veya dini inanışlarına göre nişanlanmadan önce tanışma mümkün değil ve tasvip edilmiyorsa 2- Böyle bir şart nişanlılar için aşırı derecede bir zorluk oluşturacaksa o zaman önceden tanışma şartı aranmaz. Daha önce tanışıyor olma şartı değişik yollardan ispatlanabilir örneğin nisanli çiftlerin telefon görüşmeleri ve faturaları, birlikte çekilmiş...

30 April

0 Comments

Sticky

The U.S. Department of Labor is expected to release a new overtime rule in May.

Posted by Metin Caglar

in News

In the beginning of March, the Department of Labor submitted a final proposal for a revision to the FLSA (Fair Labor Standards Act) that would require overtime pay for all employees making less than $50,440 per year. Currently, salaried employees who make more than $23,660 are exempt from overtime requirements. This will be the second threshold that’s only been raised since 1975. The pending FLSA will raise the annual salary for overtime-exempt, salaried employees from $23,660 to $48,000 or above (the final figure is expected in May). What does it mean? That means companies with salaries employees will have to make two choice:...

29 April

0 Comments

Sticky

Understanding Contract Language

Posted by Metin Caglar

in BLOG

What is the difference between an “effective date” and an “execution” date? The effective date is the date the contract becomes effective. It may be other than execution date. Parties to the contract may specify an effective date. Execution date is the date parties sign the contract. If parties did not specify an effective date, then Contract becomes effective upon signed by the parties. What does "Jurisdiction" mean? A jurisdiction is a venue with its own laws. It may either be a state or a province. For example, New York is a jurisdiction in the United States, Ontario is a jurisdiction in Canada. What...

15 April

0 Comments

Sticky

What are the rights of shareholders with respect to inspecting the books and records of the corporation?

Posted by Metin Caglar

in BLOG

Any shareholder of a corporation may demand (1) the minutes of shareholder proceedings and (2) records of shareholders on 5 day’s of advance written notice to corporation. After receipt of a such request, the Corporation may demand that the shareholder give an affidavit that his purpose is not other than the interest of the corporation and he has not within 5 years tried to sell any list of shareholders. If the shareholder refuses to furnish such an affidavit, the corporation may deny access. Regarding the list of the current directors and officers, any shareholder can demand that on two day’s written demand. There...

08 April

0 Comments

Sticky

U.S. Citizenship and Immigration Services (USCIS) has reached the congressionally mandated H-1B cap for fiscal year (FY) 2017

Posted by Metin Caglar

in News

H-1B visas that allow certain foreign individuals to work and live in the United States has reached its annual cap limits as of April 7, 2016. USCIS received more than the limit of 20,000 H-1B petitions filed under the U.S. advanced degree exemption however, USCIS will continue to accept and process petitions that are otherwise exempt from the cap....

04 April

0 Comments

Sticky

Asylum and Refugee Status

Posted by Metin Caglar

in BLOG

Asylum and refugee status are special protections granted to people who left their home country for their own safety and are afraid to return. The difference between asylum and refugee status depends on the person’s physical location. If the person is outside of the United States, he/she must apply for refugee status. A person who has already entered in to the U.S. border or the interior regardless of how he/she arrived (perhaps by using a visa or by entering illegally) may apply for asylum status within the U.S. Once granted, both the asylum and refugee status allow the petitioners to stay in...

01 April

0 Comments

Sticky

New STEM OPT rule has been published effective May 10, 2016

Posted by Metin Caglar

in News

The new rule pertaining to optional practical training (OPT) for certain students with degrees in science, technology, engineering, and mathematics (STEM) was published in the Federal Register on Friday, March 11, 2016. The OPT extension period for STEM OPT students is increased from 17 months to 24 months for applications adjudicated on and after the May 10, 2016. The 24-month extension, when combined with the period of standard post-completion OPT that must precede an application for STEM OPT, allows qualifying STEM students up to 36 months of post-completion optional practical training....

Author: Metin Caglar