Blog Category | Business

It’s been a head-spinning couple of days when it comes to enforcement of the Corporate Transparency Act (“CTA”). Business owners can, at least for now, continue to disregard the CTA’s reporting requirements following the most recent decision by the United States Court of Appeals for the Fifth Circuit. In a...

Business owners have one less thing to worry about as we approach the end of the year. A federal district court in Texas ruled on December 3 that a federal law imposing reporting obligations on certain companies is likely unconstitutional. The court issued a nationwide injunction blocking the federal government...

Non-compete agreements are here to stay, at least for now. On August 20, 2024, Judge Ada E. Brown of the United States District Court for the Northern District of Texas ruled that the Federal Trade Commission’s (“FTC”) final rule banning the majority of non-competition agreements nationwide is unlawful and unenforceable....

A federal district court in Alabama has ruled that a new federal law imposing certain reporting obligations on businesses is unconstitutional. On March 1, the U.S. District Court for the Northern District of Alabama struck down the Corporate Transparency Act (“CTA”), 31 U.S.C.A. § 5336, which took effect on January...

Failing to file beneficial ownership information could cost you $500 a day and possible jail time. Businesses must report certain identifying information to the federal government under a new law that took effect on January 1. Failing to follow this federal law, the Corporate Transparency Act (“CTA”), 31 U.S.C.A. §...