H&K: Employee and Benefits Considerations When Doing Business in the United States Checklist

May 20, 2020 |

• Expanding a business into the United States can be an exciting yet challenging enterprise that may take into consideration a multitude of compliance regimes in the arenas of employment, employee benefits and executive compensation.

• This Holland & Knight alert endeavors to simplify those complex rules and regulations by providing a list that could help guide a company through a multitude of considerations, including identifying essential parties, processes and compliance concerns in employee and benefits.

Expanding your international business into the United States is an exciting but sometimes daunting venture when it comes to the myriad rules and regulations at play governing employees and benefits. This alert endeavors to simplify those complex rules and regulations in the fields of employment, employee benefits and executive compensation law. There are many laws that apply to the areas of employment and employee benefits. On the federal side, tax laws under the Internal Revenue Code (IRC), laws governing employee benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) and employment discrimination laws are a few of the areas to be considered. State and local laws applicable to the places where the business is located or where the employees reside also can come into play.

The below checklist should be considered a starting point, but by no means is a complete, exhaustive list of everything your company will need to undertake. This checklist will guide your company through a multitude of considerations, including identifying essential parties, processes and compliance concerns in employee and benefits.

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AUTHORS:
Victoria H. Zerjav | Edward Diaz | Betsy L. Luxenberg

Compliments of Holland & Knight – a member of the EACCNY.