Business & Tax Blog

On April 23, 2024, the Federal Trade Commission (FTC) adopted a final rule, the “Non-Compete Clause Rule,” that bars non-compete provisions in restrictive covenant agreements. Under this rule, not only are not-compete provisions prohibited, but employers must provide notice to those currently under restrictive covenant agreements that the non-compete provision…

The new federal overtime rule, scheduled to take effect on July 1, 2024, increases the minimum salaries necessary to exempt executive, administrative, professional, and highly compensated employees from the Fair Labor Standard Act’s overtime pay requirements. Specifically, under the new final rule: On July 1, 2024, the minimum or “standard…

As a reminder, the deadline to file a 2024 Florida Annual Uniform Business Report for your Corporation, Limited Liability Company, Limited Partnership, or Limited Liability Limited Partnership to maintain its active status with the State of Florida is May 1, 2024. A late fee of $400 will be added to the…

The Corporate Transparency Act (“CTA”) has arrived, ushering in a new era for Reporting Companies. This landmark legislation mandates crucial changes, making swift and accurate compliance a top priority. Entities must be proactive, with compliance deadlines varying based on their formation date. Deadlines: Entities formed during 2024 have a 90-day…

We welcome Shehata & Partners (Egypt) and Zacarías & Fernández (Paraguay) as our newest member firms! Established in 1996 in Cairo, Shehata & Partners has 22 lawyers and provides dispute resolution and corporate legal services in Egypt and across the MENA region. Recognized by Chambers Global and The Legal 500, the firm has deep expertise in the banking and…