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The Corporate Transparency Act and its Impact on ESOPs

Figures Looking at OwnershipThe Corporate Transparency Act (“CTA”), which became effective on January 1, 2024, requires that many businesses report a significant amount of information about the company and its “beneficial owners” to a federal database. This article outlines the general rule, exceptions to the rule, the definition of “beneficial owner” and the CTA’s implications for companies owned by Employee Stock Ownership Plans (“ESOPs”). Read More ›

Categories: Corporate Transparency Act (CTA), Employee Benefits, Employment, Technology

Under the Bridge – The Rise of Copyright Trolls in the Intellectual Property Space

Copyright Infringement NoticeThrough tactical litigation practices, copyright trolls rely on copyright law to allege infringement and threaten major statutory damages upon unsuspecting defendants. The term “copyright troll” is an unflattering nickname for someone who manipulates the intellectual property (“IP”) laws to force a “toll” by way of a settlement payout on market participants. Read More ›

Categories: Alerts and Updates, Billing/Payment, Compliance, Copyright, Intellectual Property, Lawsuit, Trademarks

The Importance of Adopting an E-Signature Policy for Your Business

Given the ever-changing landscape and increasing popularity of remote work, the use of electronic signatures (“e-signatures”) is on the rise. Business in general is going virtual, causing electronic transactions and online interactions to become more common. To accommodate this new digital environment, legislators have passed laws to permit the use of e-signatures to bind individuals to electronic agreements. In addition to keeping up with the evolution of online business, providing your organization with a reliable e-signature policy is pivotal to ensure clear reliance on and expectations for e-signatures. Read More ›

Categories: Alerts and Updates, Compliance, Contracts, E-Commerce, Technology

IRS Announces 2024 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans

Saving for RetirementThis blog has been updated since November 8, 2022. The data below is current.

The IRS has announced the 2024 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Read More ›

Categories: Employee Benefits, Retirement

Risks Make AI Workplace Policies a Requirement

Using AI to Write at WorkArtificial intelligence (AI) is fast becoming an integral element in the operation of virtually every business and organization. Read More ›

Categories: Artificial Intelligence (AI), Cybersecurity, Digital Assets, Employment, Intellectual Property, Privacy, Technology

Legal Insights Into Businesses Using AI

Legal Insights Into Businesses Using AI
Legal Insights Into Businesses Using AI

The AI Revolution is here! Startups across our region are using AI tools in innovative new ways. But could there be legal pitfalls you haven’t considered? Read More ›

Categories: Copyright, Cybersecurity, Did you Know?, Intellectual Property, Liability, Technology

Corporate Transparency Act: What You Need to Know Before 2024

Depressed Man with Stacks of FoldersIntroduction and Scope of New Rule

With a stated goal of countering money laundering, the financing of terrorism and other illicit activities (including those of Russian oligarchs currently under U.S. sanctions), Congress passed the Corporate Transparency Act (CTA) in January 2021 as part of the National Defense Authorization Act. In 2022, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) began to publish rules in its efforts to begin enforcement of the CTA likely beginning on January 1, 2024. Read More ›

Categories: Alerts and Updates, Did you Know?, Employment, Legislative Updates, News

Federal Trade Commission Issues Sweeping Proposed Rule to Prohibit Noncompete Agreements

Banning Non-Compete ContractOn January 5, 2023, the U.S. Federal Trade Commission (FTC) issued a proposed new regulation that would broadly prohibit employers from using or enforcing noncompete agreements with employees, former employees, contractors, or other workers. Read More ›

Categories: Alerts and Updates, Did you Know?, Employment, Labor Relations, News

Cybersecurity Month Serves as Reminder to Take Proactive Steps

Cyber attack preventative measureWhether you are the CEO of a big corporation working in the office six days a week or an analyst working remotely from home entering data, everyone is at risk of a cyber-attack. Despite the fact that all organizations, regardless of size, are at risk, few have preventative measures in place, or have even planned for how they would respond in the event of an attack.  Read More ›

Categories: Criminal, Cybersecurity, Technology

Using Estate Planning to Secure Your Business' Legacy

Most family-owned businesses are built with legacy in mind; founders want their hard work to pass down through generations. They also want to provide opportunities for other family members to unite around a shared mission. Without an estate plan or succession plan in place, our most valuable asset, family relationships, can be disrupted in an instant. Read More ›

Categories: Estate Planning, Lawsuit, Startup