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),…
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…
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.…
As a business owner, your company is likely one of your most significant assets. It represents your hard work, investments, and aspirations for the future. However, it is equally important to consider what happens to your business in the event or your incapacity or death. To ensure a smooth transition and protect the interests of all stakeholders, it is crucial…
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…
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…
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…
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…
As a business owner, you’re ready to get up and running, but not so fast. There are many layers and intricacies to business owning, so getting on the same page with your partners, peers, and employees is essential to operating a successful business. If you’re starting a business, you might have heard of an LLC, also known as, Limited Liability…
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…