UPDATE: Injunction Reinstated on Corporate Transparency Act Reporting Obligations

On December 26, 2024, three days after reinstituting the mandates of the Corporate Transparency Act (CTA), the Fifth Circuit Court of Appeals reversed its decision. The court previously granted the government’s motion to stay the preliminary injunc…
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UPDATE: Corporate Transparency Act Mandatory Reporting Obligations Return After Lifting of Injunction

On December 23, 2024, the Fifth Circuit Court of Appeals granted the government’s motion to stay the preliminary injunction previously issued in Texas Top Cop Shop, Inc., et al. v. Garland, et al.,[i] which reinstated the obligations of small busin…
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Corporate Transparency Act on Hiatus as Nationwide Preliminary Injunction is Implemented

On December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction over the obligation of small businesses to file BOI Reports under the Corporate Transparency Act (CTA). The ruling comes after…
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FTC Ban on Non-Compete Agreements Set Aside Nationally

The Federal Trade Commission’s (FTC) “Final Rule”, which would have banned certain non-compete agreements beginning on September 4, 2024, has been indefinitely set aside. On August 20, 2024, the U.S. District Court for the Northern District of…
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The Corporate Transparency Act to Continue In Full-Effect as the End of 2024 Nears

As we approach the end of 2024, the deadline for nearly 32 million companies to comply with their reporting obligations under the Corporate Transparency Act (CTA) is right around the corner. As we first reported at the beginning of this year, the CTA…
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Before Naming A Successor Trustee, Make Sure to Get Consent

One of the most important decisions when drafting a trust is deciding who will serve as the successor trustee, which is the person or institution who takes over management of the trust when the trustor (the creator of the trust) has died or has becom…
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Is the Federal Government One Step Closer to Rescheduling Cannabis?

Last year, the U.S. Department of Health and Human Services (HHS) submitted a report to the Drug Enforcement Agency (DEA) advising the federal government to reschedule marijuana as a Schedule III substance under the Controlled Substances Act (CSA). T…
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What is the DOL's Final Rule Regarding Independent Contractors?

The U.S. Department of Labor (DOL) recently announced a final rule to help employers properly classify workers as either independent contractors or employees under the Fair Labor Standards Act (FLSA). The rule, which went into effect on March 11, 202…
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What Can Small Business Owners Learn About AI from the TikTok and Universal Music Group Dispute?

TikTok’s high-profile contract dispute with Universal Music Group (UMG) highlights how the use of Artificial Intelligence (AI) is impacting the business community. What can small business owners learn about AI from the dispute? With its vast databa…
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What is a Cottage Succession Plan?

Estate Planning: Cottage Succession Plans According to Travel & Leisure, Michigan ranks as one of the top states to own a vacation home. While many families have undoubtedly made memories along the fresh-water shores and wooded trails, what happe…
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