Author name: Jade Cañete

The Corporate Transparency Act (CTA) faced holiday turmoil as the Fifth Circuit issued conflicting rulings, temporarily pausing reporting requirements. While FinCEN confirmed no penalties for delayed filings, an oral argument on the CTA’s constitutionality is set for March 25, 2025. Business owners should stay alert, as compliance obligations could resume at any moment.

Confused about the Corporate Transparency Act (CTA)? Recent court rulings have created uncertainty about compliance, with conflicting injunctions and a pending Supreme Court decision. As of now, FinCEN states that BOI reporting remains voluntary. Stay updated on the latest CTA legal battles and potential repeal efforts. Read more now!

On April 23, 2024, the Federal Trade Commission (FTC) voted to finalize a rule prohibiting employers from entering or enforcing non-compete clauses with U.S. workers. Under the rule, “worker” is defined as an employee, independent contractor, extern, intern, volunteer, apprentice, or sole proprietor who provides services.