Corporate Transparency Act on hold! Court rulings pause reporting deadlines—discover what this means for your business and how to stay prepared in a shifting legal landscape.
Are you a business owner or operator in the United States? If you don’t fall within one of the 23 exemptions provided under the Corporate Transparency Act (CTA)—which mainly involve highly regulated industries like banking, securities, insurance, or larger companies with revenues over $5 million—you likely need to file a Beneficial Ownership Information Report (BOIR). Unsure about your obligations? Read on or reach out for guidance.
At Momentus Legal, we’ve been keeping a close watch on the developments surrounding the Federal Trade Commission’s (FTC) proposed rule that aimed to ban nearly all non-compete agreements. Originally, this rule was set to take effect on September 4, 2024, but recent legal challenges have led to a nationwide injunction, preventing the rule from going…
Update on FTC Non-Compete Ban: Rule Remains in Effect Despite Conflicting Court Decisions The Federal Trade Commission’s (FTC) rule that nearly bans all non-compete agreements has seen some notable developments recently. Here’s where things stand as of now: Background on the FTC Rule The FTC proposed a rule on May 7, 2024, which is set…
For nearly four decades, the United States Supreme Court’s decision in Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. has been a cornerstone of administrative law, guiding how courts review federal agency interpretations of statutes. This principle, known as Chevron deference, has profoundly influenced regulatory practices since 1984, but a recent Supreme Court decision…
In a landmark decision, the Federal Trade Commission (FTC) has issued a new rule that significantly curtails the use of non-compete clauses in employment contracts. Aimed at promoting greater worker mobility and wage growth, this rule could redefine the professional landscape for countless employees across the United States. In this blog, we’ll explore what the rule entails, who it affects, and how it might impact your career or business.
