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You need to be prepared for the CTA. The Corporate Transparency Act (CTA) is effective January 1, 2024. It requires privately held entities to report beneficial ownership information (BOI) to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The reporting requirements are intended to apply broadly and impact small companies, many of whom have…
The U.S. Department of Labor has published guidance further explaining Paid Sick Leave and Expanded Family and Medical Leave under the Families First Coronavirus Response Act (“Act”). Please note that the Act is now effective as of April 1, 2020 through December 31, 2020. The Act provides that covered employers must provide to all employees: Two…
Can the Coronavirus pandemic excuse you or your company from performing contract obligations? Could it be used as an excuse for a vendor, customer or client to breach their contract with you? In this unprecedented time, the answer depends on the facts of your situation and should be discussed with your attorney. Talk to one…