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Explore Further: Related News
October 14, 2024
A significant question pending under the recently effective Corporate Transparency Act (“CTA”) is whether a limited liability partnership (“LLP”) is a “reporting company” as defined in the CTA and the related “Reporting Regulations.” Classification as a reporting company has the effect of ab initio subjecting the firm to the beneficial ownership information reporting obligations of […]
October 8, 2024
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 […]
August 21, 2024
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 […]