Colorado Business Attorneys
The Treasury Department announced today, March 3, 2025, that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting…
read moreOn April 23, 2024, the FTC finalized a rule prohibiting most non-compete clauses in employer-employee contracts. The rule was published on May 7, 2024, and was scheduled to take effect September 4, 2024. However, prior to the effective date, on August 20, 2024, in Ryan LLC v. Federal Trade Commission the U.S. District Court for…
read moreDecember 9, 2024 A Texas federal court has temporarily blocked the Corporate Transparency Act (CTA) and its related regulations. The CTA mandated U.S. businesses to report ownership information to the Treasury Department and aimed to combat financial crimes by requiring 32.6 million business entities to disclose their beneficial owners by 2025. While the government contended…
read moreOn August 20, 2024, a federal judge in Texas barred the Federal Trade Commission’s noncompete ban from taking effect. The rule was set to take effect September 4, 2024, and would have substantially altered the landscape for non-competes across the nation, making most employee noncompetes invalid. Now the rule’s future is uncertain. The recent federal…
read moreIn April 2024, The U.S. Supreme Court delivered a unanimous ruling favoring property rights by prohibiting governments from imposing hefty development fees on property owners in exchange for building permits. The decision emerged from a lawsuit filed by a California landowner, George Sheetz, who contested a $23,000 fee required for a permit to build a…
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