Resources
Stay in the know of company and industry updates, accomplishments and more!
Corporate Transparency Act Update: Beneficial Ownership Information Reporting Removed for U.S. Companies and U.S. Persons
Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. Companies and U.S. persons to report the Beneficial Ownership Information (BOI) required under the Corporate Transparency Act (CTA).
Corporate Transparency Act Update: Beneficial Ownership Information Reporting Enforcement Halted, with Deadline Extensions
Financial Crimes Enforcement Network (FinCEN) previously announced that Beneficial Ownership Information reporting requirements under the Corporate Transparency Act (CTA) are in effect, with an extended deadline of March 21, 2025.
When Is a Noncompete Not Treated Like a Noncompete? / New Year, New Illinois Laws: What Every Employer Needs to Know (Winter 2025)
Avoiding Probate — Why You Need an Estate Plan
Last quarter I explained the probate process and promised this quarter to write about how to avoid probate and to explain the advantages of preparing a revocable trust-based estate plan.
The Case of the Contract Formed by E-mail
Latex foam sales rep Kevin Callinan, a fixture in the mattress industry, was starting to contemplate retirement. Shevick Sales Corp. (SSC), owned by industry acquaintance Karl Shevick, sold latex mattress toppers.
2024 First Installment Property Tax Bills
First installment property tax bills have been mailed out for nearly 1.8 million Cook County properties. The payments for the first installment bills are due March 4, 2025.
Below are a few key updates to stay informed of the latest real estate tax developments in the Chicagoland area.
Updates to Beneficial Ownership Information Reporting Deadlines – Reporting Requirement Stayed
Yesterday, we reported that the motions panel of the Federal Court of Appeals for the 5th Circuit decided, pending appeal, that reporting companies are required to file their beneficial ownership information with FinCEN no later than January 13, 2025. However, late yesterday, the merits panel of the same Court ordered a portion of the motions panel decision to be vacated, effectively reinstating the District Court’s December 3, 2024 preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule.
Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now in Effect, with Deadline Extensions
Earlier this month, we reported that the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. This week the Federal Court of Appeals for the 5th Circuit decided that reporting companies are required to file their beneficial ownership information with FinCEN.
Rules and Lawsuits and Injunctions, Oh My!
What is the practical effect of two recent FLSA rulings?
In recent months, two different courts sitting in Texas have issued headline-grabbing rulings interpreting the Federal Fair Labor Standards Act (“FLSA”).
Preliminary Injunction on CTA Enforcement and Reporting Rule
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. The effect of the injunction is nationwide.