Today, a federal court judge in Dallas, Texas, ruled the Federal Trade Commission went too far in issuing its nationwide noncompete ban that was set to become effective September 4, 2024. We anticipate the FTC will appeal and will update you as we know more. In the meantime, do not hesitate to contact the Employment &
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Unraveling the Corporate Transparency Act: Navigating Entity Dissolution
The Corporate Transparency Act (the “CTA”) imposes requirements on entities dissolved in 2024. Effective as of January 1, 2024, the CTA mandates entities disclose information about their “beneficial owners” to the Financial Crimes Enforcement Network (“FinCEN”). Previously, there was uncertainty about whether dissolved entities must report under the CTA. However, on July 8, FinCEN updated…
August Constitutional Referenda to Decide Who Spends Federal Funds
Statewide ballot referenda are not new to voters in the Badger State. There are four scenarios in which a question may be directly asked of voters: whether to amend the state’s constitution; ratification of a law extending the right of suffrage; nonbinding advisory question to measure public sentiment; and, ratifying a law that was passed…
Welcome Attorney Morgan Sweeney
Join us in welcoming Morgan. At Ruder Ware, she is dedicated to helping businesses thrive by ensuring compliance and promoting healthy employer-employee dynamics.The post Welcome Attorney Morgan Sweeney first appeared on Wisconsin Business Attorneys.
The FTC’s Ban on Noncompetes Remains Imminent for Most Employers as Legal Challenges Continue
On July 3, 2024, a federal judge in Texas granted a preliminary injunction in a lawsuit challenging the FTC’s noncompete ban. Notably, the injunction only applies to those plaintiffs named in the suit. All other employers will still need to comply with the noncompete ban when it takes effect in September. A final decision…
DOL’s New Overtime Rule Litigation Update: Texas Federal Judge Denies Postponement of Rule for a Private Employer
Late Monday afternoon, a federal judge in Texas denied a marketing firm’s motion for a preliminary injunction to halt the DOL’s new overtime rule. This denial affirms that, for now, employers, other than the State of Texas, must comply with the DOL’s new overtime rule which went into effect Monday, July 1, 2024.…
Capitol Connection, June 2024 Recap
The ever-changing landscape of state government requires businesses across all industries to stay informed on the happenings in Madison. Welcome to the June 2024 Recap issue of the Capitol Connection.
Inside this issue
- Vos Recall Denied by Elections Commission
- Renowned Pollster Visits Ruder Ware
- New K-12 Literacy Vendor Selected
- Wisconsin Policy Forum: More FoodShare Recipients
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Texas Federal Judge Postpones DOL’s New Overtime Rule ONLY for Employees Working for the State of Texas
This past Friday, a Texas federal judge granted a preliminary injunction for the State of Texas, postponing the effective date of the Department of Labor’s new overtime rule. Currently, the injunction is limited only to State of Texas employees. All other employers must still comply with the final rule which went into effect today,…
Understanding the Corporate Transparency Act: Implications for Marital Property and Beneficial Ownership
Wisconsin’s marital property laws impact compliance with the Corporate Transparency Act (the “CTA”). As discussed in other Ruder Ware CTA Focus Team insights, the CTA requires a “reporting company” to report information about its “beneficial owners” to the Financial Crimes Enforcement Network (“FinCEN”). The CTA defines a beneficial owner as “any individual who, directly…
The CTA’s Large Operating Company Exemption in Focus
The Corporate Transparency Act (the “CTA”), part of the federal government’s effort to curtail money laundering by means of shell company structures, imposes disclosure requirements on most entities registered to do business in the United States. As discussed in other Ruder Ware CTA Focus Team insights, there is a presumption that all entities are…