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Challenges to the Corporate Transparency Act

Challenges to the Corporate Transparency Act

On February 16, 2024, we published a blog about the reporting requirements of the Corporate Transparency ACT (CTA). This past Friday, a federal court in the Northern District of Alabama issued a judgment declaring the CTA unconstitutional, citing its infringement upon the limits of Congress’ authority as outlined in the Constitution. As a result, the Financial Crimes Enforcement Network (FinCEN),…

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Reporting Requirements Under the Corporate Transparency Act

Reporting Requirements Under the Corporate Transparency Act

The Corporate Transparency Act (“CTA”) was enacted by Congress as of January 1, 2024, as a preventative and combative measure to money laundering, terrorist financing, corruption, tax fraud, and other illegal activity. The CTA requires certain entities (each a “reporting company”) to identify itself, its primary owners and officers (each a “beneficial owner”), and in some cases, certain professionals who…

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Navigating Worker’s Compensation Insurance in Texas: Benefits and Considerations

Navigating Worker’s Compensation Insurance in Texas: Benefits and Considerations

Worker’s compensation insurance is a critical aspect of ensuring the well-being of both employees and employers. In Texas, as in many other states, having worker’s compensation insurance is essential for businesses of all sizes. This article will provide insights into the worker’s compensation insurance requirements in Texas and explore the pros and cons of subscribing to this type of insurance.…

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Navigating Unemployment Claims & the TWC: A Guide for Small Business Owners in Texas

Navigating Unemployment Claims & the TWC: A Guide for Small Business Owners in Texas

An unavoidable reality in the complex landscape of small business ownership is making tough decisions. One of the most challenging decisions a small business owner can make is to terminate an employee. Aside from the emotional and operational considerations, there’s also the matter of unemployment claims and the Texas Workforce Commission (TWC) process. In this blog post, we will break…

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Small Business Disputes: Jury Trial, Mediation Clauses, Arbitration Clauses, and Waivers

Small Business Disputes: Jury Trial, Mediation Clauses, Arbitration Clauses, and Waivers

There are many different provisions that go into a contract. Some of these provisions are standard, some are unique to each circumstance, and some are a mix between those two. However, every contract should have provisions that address how disputes between the parties will be handled. This may include provisions that dictate choice of law that will be applied to…

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The Pregnant Workers Fairness Act: The Essential Guide for Employers from a Legal Perspective

The Pregnant Workers Fairness Act: The Essential Guide for Employers from a Legal Perspective

As attorneys representing business owners and employers, we recognize the importance of staying on top of the latest changes in employment law. One such development, the Pregnant Workers Fairness Act (PWFA), provides significant enhancements to workplace protections for pregnant workers. This article aims to outline the main provisions of the PWFA and offer practical steps for its implementation, helping you…

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Changes Are Happening to Form I-9: This is What Your Business Should Know

Changes Are Happening to Form I-9: This is What Your Business Should Know

Effective August 1, 2023, U.S. Citizenship and Immigration Services (USCIS) will implement a new version of Form I-9, Employment Eligibility Verification. This important update is part of an ongoing effort by USCIS to streamline processes and ensure clearer understanding for both employers and employees. Why is this important for businesses? The I-9 form is essential for businesses as it’s used…

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FTC Ban on Noncompete Clauses: Here’s What You Should Know

FTC Ban on Noncompete Clauses: Here’s What You Should Know

A few weeks ago, the Federal Trade Commission held a public forum examining the FTC’s proposed rule to prohibit employers from imposing noncompetes on their workers, providing an opportunity for people to directly share their experiences with noncompetes. According to the FTC, the forum was meant to “supplement the FTC’s request for members of the public to submit written comments on the…

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