The U.S. Treasury Department issued an Interim Final Rule under the Corporate Transparency Act (“CTA”) to limit the obligation to file beneficial ownership information (“BOI”) reports to foreign companies. The CTA previously required foreign and domestic companies to file BOI…
Read MoreThe Federal Trade Commission (“FTC”) recently published final regulations (the “Rule”) that would ban most non-compete agreements nationwide. The FTC explained that the Rule is designed to encourage fair competition, improve the economy, and reduce legal uncertainty regarding the enforceability…
Read MoreOn April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to approve final regulations (“Rule”) that would ban most non-compete agreements nationwide. Non-compete agreements bar a company’s workers from taking jobs with competitors or starting new competing businesses after…
Read MoreOn March 1, 2024, in National Small Business United v. Yellen, the U.S. District Court for the Northern District of Alabama held Congress exceeded its constitutional authority by enacting the Corporate Transparency Act (“CTA”). This article discusses the decision and…
Read MoreBeginning on January 1, 2024, business entities will be required to comply with the Corporate Transparency Act (“CTA”). The CTA, which will be enforced by the Financial Crimes Enforcement Network (“FinCEN”), is designed to limit money laundering and other fraudulent…
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