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Corporate Transparency Act Update: BOI Filing Requirements Halted (Again)
January 15th, 2025
The enforcement of Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) has experienced several recent changes due to ongoing legal proceedings. Here’s an overview of the current situation: Re…
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Overtime Rule Vacated– What It Means for Employers
December 20th, 2024
Overtime Rule Vacated– What It Means for Employers The anticipated federal overtime rule set to take effect on January 1 has been officially vacated, marking a significant development with national implications. This decision means the new rule wil…
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Recent Developments: FTC Rule Banning Noncompetes
October 1st, 2024
A federal judge has struck down the Federal Trade Commission (FTC) rule banning noncompetes nationwide. This ruling has brought the situation back to the status quo, meaning that, for now, existing noncompete agreements remain enforceable and employe…
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Avoid Major Penalties: Corporate Transparency Act Reporting Requirements
July 9th, 2024
As we move further into 2024, it is critical to remember the ongoing requirements under the Corporate Transparency Act (CTA). This legislation mandates that nearly all U.S. companies must file a Beneficial Owner Information (BOI) report with the Fina…
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