Missed Payroll in the Wake of Bank Collapse: Implications, Strategies, and Minimizing Risk
Proskauer's Employee Benefits & Executive Compensa
MARCH 16, 2023
In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Obligation to Make Payroll Under federal and most state laws, employers have both timing-of-pay and frequency-of-pay obligations. For example, under Section 558.1
Let's personalize your content