Many businesses are using Artificial Intelligence (AI) tools in a variety of innovative ways to improve productivity and to save time and money. According to a 2023 Forbes article, 1 in 3 businesses plan to use ChatGPT to write their website content while 97% of business owners believe it will help their business. Read More › Tags: Artificial Intelligence (AI), Intellectual Property, IT Contracts, Technology ..read more

The Corporate Transparency Act (“CTA”), which became effective on January 1, 2024, requires that many businesses report a significant amount of information about the company and its “beneficial owners” to a federal database. This article outlines the general rule, exceptions to the rule, the definition of “beneficial owner” and the CTA’s implications for companies owned by Employee Stock Ownership Plans (“ESOPs”). Read More › Tags: Corporate Transparency Act (CTA), Employee Benefits, Employment, Technology ..read more

Given the ever-changing landscape and increasing popularity of remote work, the use of electronic signatures (“e-signatures”) is on the rise. Business in general is going virtual, causing electronic transactions and online interactions to become more common. To accommodate this new digital environment, legislators have permitted the use of e-signatures to bind individuals to electronic agreements. In addition to keeping up with the evolution of online business, providing your organization with a reliable e-signature policy is pivotal to ensure clear reliance on and expectations for e-signature ..read more

This blog has been updated since November 8, 2022. The data below is current. The IRS has announced the 2024 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Read More › Tags: Employee Benefits, Retirement ..read more

The AI Revolution is here! Startups across our region are using AI tools in innovative new ways. But could there be legal pitfalls you haven’t considered? Read More › Tags: Copyright, Cybersecurity, Did you Know?, Intellectual Property, Liability, Technology ..read more

Introduction and Scope of New Rule With a stated goal of countering money laundering, the financing of terrorism and other illicit activities (including those of Russian oligarchs currently under U.S. sanctions), Congress passed the Corporate Transparency Act (CTA) in January 2021 as part of the National Defense Authorization Act. In 2022, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) began to publish rules in its efforts to begin enforcement of the CTA likely beginning on January 1, 2024. Read More › Tags: Alerts and Updates, Did you Know?, Employment, L ..read more

On January 5, 2023, the U.S. Federal Trade Commission (FTC) issued a proposed new regulation that would broadly prohibit employers from using or enforcing noncompete agreements with employees, former employees, contractors, or other workers. Read More › Tags: Alerts and Updates, Did you Know?, Employment, Labor Relations, News ..read more

This blog has been updated since November 16, 2021. The data below is current. The IRS has announced the 2023 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Read More › Tags: Employee Benefits, Retirement ..read more

Most family-owned businesses are built with legacy in mind; founders want their hard work to pass down through generations. They also want to provide opportunities for other family members to unite around a shared mission. Without an estate plan or succession plan in place, our most valuable asset, family relationships, can be disrupted in an instant. Read More › Tags: Estate Planning, Lawsuit, Startup ..read more

Staying competitive, especially in a male-dominated profession, can seem like a daunting task for many women. In your discussions with your current or future employer, it is crucial to know when to approach and ask for extra benefits. These benefits go beyond standard taxable compensation. The timing and type of benefits are very fact-specific and will depend on your role and company: do your research. Understanding a company's goals and business concerns as they relate to long-term retention allows you to shape your proposition. It is also helpful when it comes to understanding your employmen ..read more