Beth Felder, Foley Partner and member of the firm’s Private Equity & Venture Capital Practice and Emerging Technologies Industry Team, and experienced panelists Jodie Emergy of Conley & Company, Edward H. Pendergast of Pendergast & Company, and David Perkins of S.H. Smith Insurance Agency of Massachusetts discussed strategies for attracting, managing, and retaining your management team in a down market.
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Foley Viewpoints
DOL Alters Enforcement Position on Independent Contractors: What Does It Mean Manufacturers and Franchisors?
On May 1, 2025, the Wage and Hour Division of the U.S. Department of Labor issued a Field Assistance Bulletin stepping back from a restrictive independent contractor rule issued under the Biden administration—a move manufacturers and franchisors should welcome to the extent they depend on business models including independent contractors.