Seigfreid Bingham News & Blog
Corporate Transparency Act Update: Texas Court Issues Preliminary Injunction Halting Enforcement
By: John Fuchs, Rachel Sterbenz, Nida Rais, and Tate Thompson
As previously reported, the Corporate Transparency Act (“CTA”) took effect on January 1, 2024, requiring many businesses to file a beneficial ownership information report (“BOIR”), including general information about the company and sensitive personal information of its “company applicants” and “beneficial owners.” Under the CTA, companies formed prior to 2024 have until January 1, 2025, to submit their initial BOIR; and entities formed during 2024 have only 90 days after the date of formation to submit an initial BOIR. Any “willful” failure to comply with the CTA gives the Financial Crimes Enforcement Network (“FinCEN”) the authority to impose significant civil and criminal penalties.
[…]
2024 American Royal BBQ Party Hosted by Seigfreid Bingham and Block Real Estate Services
Seigfreid Bingham recently hosted clients during our VIP party at the 2024 American Royal World Series of Barbecue. The firm was pleased to have Block Real Estate Services, LLC, as our event partner.
[…]
René Calabrese Invited to Become a Fellow of the American Bar Foundation
Seigfreid Bingham Attorney René Calabrese was recently selected to become a Fellow of the American Bar Foundation (ABF), an invitation-only recognition limited to 1% of licensed attorneys.
[…]
2024 Seigfreid Bingham Business Development and Marketing Recap – Quarter 3
Seigfreid Bingham has been involved in several community, marketing, client-focused, and business development initiatives during Quarter 3 (July 2024-September 2024).
[…]
Seigfreid Bingham Continues to Support Kansas City Arts and Sports Community
Seigfreid Bingham recently sponsored two events as the firm continues to support the Kansas City community. Those include the 2024 “Breaking Ground” Starlight Gala and the 2024 Mid-America Intercollegiate Athletics Association (MIAA) Basketball Media Day.
[…]
Federal Court Blocks Increased Salary Thresholds for Exempt Workers
By: Cody Weyhofen & John Vering
In April 2024, the Department of Labor (“DOL”) issued a Final Rule that significantly raised the minimum salary thresholds for certain overtime exemptions under the Fair Labor Standards Act (“FLSA”). However, a Texas federal court recently invalidated the Final Rule nationwide, restoring the minimum salary thresholds to pre-2024 levels.
[…]