Insights

On December 23, 2024, a federal court in Texas lifted the nationwide suspension of Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act, overturning a lower court’s December 3 ruling that the law is likely not Constitutional.  FinCEN, which administers the law, quickly extended the original January 1, 2025,…

A federal district court in Texas has held the Corporate Transparency Act’s beneficial ownership reporting law likely violates the U.S Constitution, justifying a stay and injunction preventing enforcement of the law pending the resolution of the case. As a result, business owners are not required to file “Beneficial Ownership Information…

It is commonly assumed in the United States that electronic signatures have the same effect as wet signatures. And for the most part, they do. However, electronic signatures may not hold up in some circumstances.   Federal legislation, specifically the Electronic Signatures in Global and National Commerce (ESIGN) Act, and…

On July 3, 2024, the court in Ryan, LLC v. FTC, a case in the Northern District of Texas, stayed the Federal Trade Commission’s (FTC’s) Non-Compete Clause Rule and granted the plaintiff’s emergency motion for a preliminary injunction. The court limited the scope of the stay and injunctive relief to…