The U.S. Department of Labor modified wage and hour regulations to replace its criteria for determining employee or independent contractor classification under the Fair Labor Standards Act. These changes most likely impact you if you hire independent contractors.
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In the business world, transparency is not just a buzzword; it’s a pivotal aspect of corporate integrity. The Corporate Transparency Act (“CTA”) marks a significant shift in this realm, ushering in an era where understanding and complying with beneficial ownership reporting becomes crucial for every business entity.
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Earlier this year, the U.S. Securities and Exchange Commission (the “SEC”) adopted several new rules affecting private fund advisers. This article discusses changes applicable to illiquid funds, which are those in which investors may not redeem their interests at will. Most venture capital, private equity and other similar closed-end funds would be considered illiquid funds so long as opportunities to redeem are limited.
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On October 4, 2023, Deputy Attorney General Lisa Monaco announced the new Mergers & Acquisitions (M&A) Safe Harbor Policy of the Department of Justice (“DOJ”). Under the new policy, acquiring companies that discover and disclose misconduct in a target or recently acquired company may, subject to certain conditions and limitations, enjoy the presumption of a declination to prosecute (that is, a formal statement that the DOJ will not prosecute the company) by the DOJ.
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The Federal Trade Commission (FTC) made a significant announcement on October 27, 2023 regarding changes to the Safeguards Rule of the Gramm-Leach-Bliley Act (GLBA). These changes now require non-bank financial institutions to report specific data breaches and security incidents to the agency.
Continue readingThis post outlines some of the key limitations of using Artificial Intelligence programs such as ChatGPT and sets out guidelines that attorneys and staff should follow when using such programs. These best practices help ensure that lawyers will not violate any ethics rules and properly understand the limitations of these technologies.
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Congress’s January 1, 2021 passage of the National Defense Authorization Act for Fiscal Year 2021 included passage of the Corporate Transparency Act (“CTA”), and in doing so established reporting requirements for many U.S. businesses with the intent of creating a database of beneficial ownership controlled by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”).
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As the new year starts, let’s help Latin founders save thousands of dollars (and lots of time) on needless legal analysis.
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Cerca de mil millones de dólares se han invertido en emprendimientos Made in Miami. La ciudad se está transformando en una nueva opción para emprendedores, principalmente latinoamericanos. ¿Las ventajas? Dos millones de latinos viviendo en la zona, menores costos para invertir y redes de inversionistas…
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Everybody knows that the greater Miami area is a hotbed for fun outdoor activities. With the city’s insanely diverse culture that’s big on being active in the sun, a watersports complex fits like a glove…
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