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Effective June 1, 2025, New Jersey will require employers with 10 or more employees to post under certain conditions both a hourly wage and salary range for new positions and promotions for both internal and external job postings.
FinCen reinstates BOI reporting deadline as follows: • For the vast majority of reporting companies, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025. FinCEN will provide an update before then of any further modification...
Directly from the Financial Crimes Enforcement Network (FinCen): In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while...
In a blog posted earlier this month, Anderson Leavitt LLC informed its readers that a the Texas court issued a nationwide injunction enjoining the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”) from enforcing beneficial ownership...
Yesterday, December 3, 2024, the Texas court issued a nationwide injunction enjoining FinCen from enforcing BOI reporting requirements under the CTA. As a result, business entities do not have to report BOI to FinCen.
Earlier this week a federal judge from Texas struck down the Federal Trade Commission’s (FTC) proposed ban on non-compete agreements. The FTC’s ban was set to go into effect next month, but the court’s ruling blocks this from happening.
A carefully drafted letter of intent (LOI) is a critical part of any business transaction. After the parties have met, discussed ideas and basic business parameters, it is time to reduce these discussions to paper. The LOI is a way to move the transaction forward from initial informal discussions to a more detailed exchange of both the legal and business requirements of the proposed transaction.
The U.S. Department of Labor (DOL) issued a Final Rule effective today, March 11, 2024, that provides employers with a framework for analyzing whether the worker they just hired should be classified as an employee or an independent contractor under the Fair Labor...
On January 1, 2024, the Corporate Transparency Act (CTA) went into effect and requires companies that qualify as "reporting companies" to identify their "beneficial owners". However, on March 1, 2024 a federal court ruled that the CTA is unconstitutional because it...
The DOJ expects that companies will revise corporate policies to reflect the current reality that employees use their personal devices and third party apps to communicate with respect to business matters. Companies need to make sure their personal use and record retention policies comply or face the possibility of large fines.