Federal/State Laws-Regs

Supplementary Guidance on Corporate Transparency Act for Illinois Community Associations

On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) issued supplementary guidance on the…

3 days ago

CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation

The Corporate Transparency Act (CTA) is the gift that keeps giving. As affected entities and their advisers struggle to determine…

5 days ago

FTC’s Final Rule: Understanding the Ban on Non-Compete Clauses

On April 23, 2024, the United States Federal Trade Commission (FTC) announced its final rule on non-competition clauses, voting 3-2…

2 weeks ago

FinCen Confirms CTA Applies to Associations

Although many concluded that the Corporate Transparency Act (“CTA”) applies to homeowners associations, we now have verification of this. On…

2 weeks ago

The FTC Announces Non-Compete Ban: A Seismic Shift for Worker Mobility with Legal Challenges (MN)

The Federal Trade Commission (FTC) creates uncertainty in the U.S. labor market with its recent announcement of a near-blanket ban…

2 weeks ago

The FTC Issues a Final Rule Banning Noncompetes in Employment (TX)

On April 23, 2024, the Federal Trade Commission (FTC) announced a final rule making most non-compete clauses unenforceable. Employers who…

2 weeks ago

FTC Votes to bar Most Noncompetition Agreements, But Don’t Throw Out Your Noncompete Yet!

The Federal Trade Commission (often referred to as the “FTC”) voted today to bar non-competition agreements or “noncompetes,” both retroactively…

2 weeks ago

Corporate Transparency Act and Community Associations: Updates and Compliance (IL)

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury issued updated guidance addressing the Corporate…

2 weeks ago

Regarding who must report Beneficial Owner Information for an incorporated HOA, FINCEN’s FAQ has this to say: (OK)

A homeowners association (HOA) that meets the reporting company definition and does not qualify for any exemptions must report its…

2 weeks ago

Corporate Transparency Act (CTA) Compliance Condos, Co-ops, HOAs Likely Must Register—or Face Steep Fines (NY)

Back in 2021, Congress passed the Corporate Transparency Act (CTA), a federal law requiring most corporations, LLCs, and other such…

1 month ago