ELDI ALERT: JUDGE BLOCKS FTC RULE BANNING NONCOMPETES
8/21/2024 | Articles & Alerts, News & Resources
Yesterday, a Federal Judge in Texas issued a “nationwide” injunction banning the Federal Trade Commission (FTC) from enforcing the FTC’s rule which would have banned employers from entering into or enforcing noncompete agreements with employees. The rule was scheduled to take effect on September 4, 2024. Yesterday’s ruling prevents the FTC from taking any action to enforce that rule. The FTC is deciding whether to appeal but for now, employers are permitted to enter into and enforce noncompete agreements with […]
Related Practices:
Employment Law, Employer Compliance Assistance
Important Update to Federal Estate and Gift Tax Exemption and Exclusion Amounts for 2024
2/21/2024 | General, News & Resources
The purpose of the exemption and exclusion amounts is to protect taxpayers against the burden of federal estate and gift taxes, each currently at a flat rate of 40%. By taking advantage of these allowances, you can strategically plan your estate to minimize tax liabilities and maximize the preservation of your assets for future generations. In 2024, the annual gift tax exclusion rises to $18,000 per recipient per year. This means you can gift up to $18,000 to any number […]
CONGRESS’ CORPORATE TRANSPARENCY ACT REQUIRES CERTAIN BUSINESS OWNERS TO REPORT PERSONAL INFORMATION OR FACE CIVIL AND/OR CRIMINAL PENALTIES
1/22/2024 | Articles & Alerts, General, News & Resources
The Corporate Transparency Act (the “Act”), which Congress enacted on January 1, 2021, and made effective as of January 1, 2024, establishes a beneficial ownership information reporting requirement as part of the Federal government’s efforts to enhance transparency in corporate ownership and prevent the utilization of shell entities or other ownership structures to facilitate money laundering, terrorism financing, and other unlawful activities. Unless your entity qualifies as one of the twenty-three types of entities exempt from the Act’s reporting requirements, […]
Related Practices:
Real Estate Transactional, Business and Corporate Law
2024 Edition of The Best Lawyers in America Recognizes 14 Kaplin Stewart Attorneys
8/18/2023 | General, Media, News & Resources
The 2024 edition of The Best Lawyers in America®, one of the oldest and most revered peer review publications, honors 14 Kaplin Stewart attorneys across the Firm’s practices. Only the top 5.3% of all practicing lawyers in the U.S. were selected by their peers for inclusion in the 30th edition of The Best Lawyers in America®. The following attorneys have been recognized for their work by Best Lawyers. Gregg I. Adelman *Land Use and Zoning Law William D. Auxer * […]
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