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The Corporate Transparency Act: Reporting Requirements and Penalties

By: Tate Thompson, Nida Rais, Rachel Sterbenz, and John Fuchs Beginning January 1, 2024, the Corporate Transparency Act (“CTA”) will require the majority of businesses (corporations, limited liability companies, and other business entities) to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). These requirements will particularly impact small […]

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Department of Labor Proposes Rule That Would Entitle Millions of Employees to Overtime Compensation

By: Cody Weyhofen and John Vering On August 30, 2023, the Department of Labor (“DOL”) announced a proposed rule that seeks to significantly raise the minimum salary threshold needed to qualify for overtime-pay exemptions under the Fair Labor Standards Act (“FLSA”). If the rule takes effect, it’s estimated that an additional 3.6 million employees will […]

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Missouri Enacts Progressive Name, Image, and Likeness Law

By: Tate Thompson and Curry Sexton In the absence of uniform laws from Congress or a more robust policy from the NCAA, states continue to look for ways to help their institutions compete in the name, image, and likeness (NIL) “arms race.” One way is for states to implement progressive NIL laws.  Effective August 28, […]

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NLRB Sharpens Review of Employee Handbooks

By: Cody Weyhofen, Mark Opara, and John Vering On August 2, 2023, the National Labor Relations Board (“NLRB”) adopted a new standard to determine whether an employer’s workplace rules or policies violate employees’ rights under the National Labor Relations Act (the “Act”). As a result, many employers will need to review and revamp their employee […]

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New Form I-9 and Alternative Inspection Procedure Now in Effect

By: Cody Weyhofen The Department of Homeland Security (“DHS”) and U.S. Citizenship and Immigration Services (“USCIS”) recently announced changes to Form I-9 and its related document verification procedures. Although these changes will likely streamline the employee-onboarding process, employers will first need to comply with multiple upcoming deadlines and determine whether they qualify for remote verification […]

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IRS Memo Questions Tax-Exempt Status of NIL Collectives

By: Tate Thompson and Curry Sexton In a June memo released by the Office of the Internal Revenue Service (IRS) Chief Counsel, the IRS announced its position that, in most cases, it does not believe name, image, and likeness (NIL) collectives qualify as tax-exempt organizations under the Internal Revenue Code (IRC). Although not legally binding, […]

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NLRB Modifies Independent Contractor Standard

By: Cody Weyhofen, John Vering, and Mark Opara On June 13, 2023, the National Labor Relations Board (the “Board”) issued a decision revamping the test to determine whether a worker is an employee or an independent contractor under the National Labor Relations Act (the “NLRA”). As a result, workers previously categorized as independent contractors may […]

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NLRB General Counsel Issues Guidance on the Board’s Prohibition of Broad Confidentiality and Non-Disparagement Provisions in Severance Agreements

By: Katie Conklin and Cody Weyhofen As we explained in our previous client alert, on February 21, 2023, the National Labor Relations Board (the “Board”) ruled in McLaren Macomb, 372 NLRB No. 58 (2023), that confidentiality and non-disparagement provisions typically found in severance agreements are unlawful if they interfere with an employee’s Section 7 rights […]

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Michael E. Griffin and Robert D. Maher Join Seigfreid Bingham, Expanding the Corporate, Tax/Estate Planning, and Creditor Rights Practice Groups

Seigfreid Bingham is pleased to announce that Michael E. Griffin and Robert D. Maher have joined the firm as Shareholder attorneys in the corporate law practice group and several industry groups.

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New Guidance on Federal Protections for Pregnant and Nursing Employees

By: Katie Conklin and John Vering The U.S. Department of Labor (DOL) and the Equal Employment Opportunity Commission (EEOC) recently published guidance concerning the Providing Urgent Maternal Protection for Nursing Mothers Act (PUMP Act) and the Pregnant Workers Fairness Act (PWFA). As we explained in our previous client alert, the PUMP Act, effective April 28, […]

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