Insights

On May 7, 2024, the Federal Trade Commission’s (FTC’s) Non-Compete Clause Rule was published in the Federal Register. It will become effective in 120 days, September 4, 2024, unless court or agency action delays or stops it. As noted in our April 29, 2024 blog post, lawsuits were promptly filed…

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…