Iowa Corporate Law Articles

In this article, we explain negligent hiring and discuss the law regarding negligent hiring and employer liability in Iowa. Every company will need to hire new employees at some point. The process can be arduous for small and large businesses alike, with many companies turning to recruiters for their hiring needs. Both recruiters and company employees in charge of hiring are responsible for conducting a variety of pre-employment investigations, including background checks, verifying professional and personal references, running credit reports, performing drug tests, and checking job qualifications.

‍Incorporating a business is important for two primary reasons: (1) to protect personal assets from business creditors; and (2) to obtain favorable tax treatment for all business income. For more on this, please read our previous article: Why Incorporate Your Business?

If you file for bankruptcy, you still have an opportunity to keep your house and vehicles. Whether this will be possible depends on four factors: (1) how much equity you have in the property that you are attempting to keep; and (2) whether your equity in the property exceeds the bankruptcy exemption for that type of property; (3) if you have a loan secured by the property, whether the bank will agree to reaffirm the loan despite the bankruptcy; and (4) whether you will be able to afford to continue to make your loan payments after the bankruptcy.