In a landmark decision, the Federal Trade Commission (FTC) has issued a final rule that will ban noncompete clauses nationwide, effective September 4, 2024. This ruling represents a significant shift in employment law and has far-reaching implications for both employers and employees across various industries. Overview of the FTC’s Final Rule The FTC’s decision to ban […]
The Corporate Transparency Act
Enacted in 2021, the Corporate Transparency Act (CTA) is designed to provide transparency of entity structures and ownership to fight against money laundering, tax fraud, and other illicit acts by requiring ownership self-reporting of specific entities operating in or accessing the U.S. market. However, because the CTA requires new affirmative reporting by certain entities and […]