The burdensome new beneficial owner reporting requirements under The Corporate Transparency Act (the “CTA”) take effect January 1, 2024, which is rapidly approaching. BrownWinick clients involved with a business entity in any respect (whether as an owner, director, officer, manager, ...

In a huge turn of events, on December 26, 2024, a separate panel (the “merits” panel) of the Fifth Circuit Court of Appeals issued a decision vacating the original panel (the “motions” panel) of the Fifth Circuit’s stay of the nationwide preliminary injunction halting enforcement of the Corporate Transparency Act (CTA), effectively meaning that the nationwide ...

The U.S. Supreme Court ruled Wednesday that the Fair Labor Standards Act’s (FLSA) exemptions do not call for heightened evidence standards. The appeal from a decision by the US. Court of Appeals for the Fourth Circuit, in which a three-member circuit panel held that employers must meet a “clear and convincing” standard to establish that an exemption applies for ...