Corporate Transparency Act (CTA) Update:  Enforcement of Beneficial Ownership Information (BOI) Reporting Suspended

Just days after previously extending the Beneficial Ownership Information (BOI) reporting deadline, FinCEN announced on February 27th that all reporting and enforcement of the Corporate Transparency Act (CTA) would be suspended until a new reporting rule was finalized. 

On March 2nd, the US Treasury Department issued a press release in...

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Corporate Transparency Act (CTA) Update:  Beneficial Ownership Information (BOI) Reports Due by March 21, 2025

The U.S. District Court for the Eastern District of Texas has lifted the nationwide injunction that temporarily suspended beneficial ownership information (BOI) reporting requirements for companies.  In response to the Court’s ruling, FinCEN has issued a new deadline of March 21, 2025 for reporting companies to file BOI reports under the Corporate...

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Explaining the Legality of a Non-Compete Agreement

Employers may ask workers to sign non-compete agreements when they take high-level roles in the company or gain access to confidential, proprietary information that gives the employer a competitive advantage in the market. However, creating a legal, enforceable non-compete agreement means the agreement must meet various criteria. Courts may decline to enforce...

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Further Updates on Beneficial Ownership Information (BOI) Reporting Requirements under the Corporate Transparency Act (CTA)

Beneficial Ownership Information (BOI) reporting requirements remain temporarily suspended, following a whirlwind of reversals and reinstatements just days before the original January 1, 2025 reporting deadline. 

On December 3, 2024, a federal district court issued an injunction temporarily suspending the BOI reporting requirements.  The injunction was upheld on appeal,...

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What Is Fraudulent Inducement?

Fraudulent inducement can undermine even the most carefully structured agreements, leaving one party unfairly disadvantaged or misled. This deceptive practice happens when someone is enticed into a contract based on false promises or misrepresentations, and the impact can be significant. Whether it involves financial commitments or business deals, fraudulent inducement can lead...

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Understanding Non-Compete Clauses in Contracts

Non-compete clauses play a significant role in protecting businesses from unfair competition. Whether you’re an employer seeking to protect your business interests or an employee concerned about limitations after leaving a job, it’s important to understand how these agreements work. Both parties need to know what a non-compete clause means and how...

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