In acting for technology companies and investors on venture capital financings and acquisitions, we have observed that some companies may not be completely aware of their legal obligations as employers.  As a result, companies may be unnecessarily exposing themselves (and their directors and officers) to potentially significant liabilities and penalties by failing to fully comply with various employment law statutes and/or the common law.  Such liabilities and penalties are not only problematic in their own right, but may also unexpectedly affect valuation in a sale or financing transaction.