Amended Regulation Reflects New Law Increasing the Likelihood of “Addback” of Intercompany Management Fees

Earlier this year we started issuing a series of SKO Insiders on the Corporate Transparency Act, which requires most businesses to file a federal report with information about its “beneficial owners” and other details.  Then, a federal District Court in Alabama found the CTA to be unconstitutional, but issued relief to only the members of […]

Interest in medical cannabis is definitely high in Kentucky.  The Kentucky Office of Medical Cannabis released an updated and final tally for the total number of applications it received for the medical cannabis license lottery.  As of the August 31, 2024 deadline, 4,998 applications were received by the Commonwealth. The lottery drew thousands of applicants—and their […]

For the past nineteen months, employers and employees alike have waited to see if the Federal Trade Commission (“FTC”)’s published rule prohibiting non-competition agreements (the “Rule”) would survive judicial scrutiny.  On August 20, the U.S. District Court for the Northern District of Texas provided the answer, setting aside the Rule on a nationwide basis just […]