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On May 7, 2024, the FTC officially published its final rule banning non-compete agreements between employers and workers and non-compete policies contained in employee handbooks. The rule defines a "worker" to include employees and independent contractors, externs, interns, volunteers, apprentices, or a sole proprietor who provides a service. The final rule applies retroactively, and most workers' existing non-competes will no longer be enforceable after the final rule's effective date of September 4, 2024.
On January 1, 2024, the Corporate Transparency Act ("CTA") came into effect. This client alert letter summarizes the CTA's key requirements and deadlines.
This sweeping new law obligates many corporations, limited liability companies and other business entities to report to the U.S. Treasury Department's Financial Crimes Enforcement...
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