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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...
Effective January 1, 2024 most businesses will need to comply with the new Corporate Transparency Act. This law is designed to peel back the onion and allows law enforcement access to the identity of individuals who exercise control over covered entities suspected of committing financial crimes such as money laundering, and tax evasion.
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.
Remote covid employment eligibility verification will end on July 31, 2023. Employers need to physically inspect I-9 identity and eligibility documents that were reviewed remotely to remain compliant and avoid fines.
Discover essential strategies and expert advice for successfully selling your Pennsylvania business. Learn how to maximize value, choose between asset or stock sales, and smoothly navigate the entire sales
Your business lease plays a key role when it comes time to sell your business. Careful attention needs to be given prior to signing so your lease allows assignment based upon objective criteria. Otherwise, you risk your landlord extracting painful concessions to allow the transaction to proceed.