Legal Updates
December 30, 2024
Updates in Estate Planning for 2025A lot has happened in 2024 in the world of estate planning, and as we get ready to turn the calendar to 2025, now is a good time to remind our clients of the importance of having periodic update meetings to review their estate planning documents. Review meetings allow the opportunity for you to ensure […]Read More
May 15, 2024
Equal Employment Opportunity Commission Issues – New Enforcement Guidance on Workplace HarassmentThe Equal Employment Opportunity Commission (EEOC) recently issued its Enforcement Guidance on Harassment in the Workplace which sets forth the EEOC’s position on harassment that constitutes unlawful discrimination under Title VII of the Civil Rights Act (“Title VII”). This is the EEOC’s first update to its anti-harassment guidelines since 1999. The Guidance provides the Commission’s position […]Read More
April 25, 2024
Federal Trade Commission Issues a New Rule on Noncompete AgreementsOn April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to ban noncompete agreements that employers use to prevent workers from working for competitors or starting a competitive business after leaving their former employer. The FTC estimates that 18% of the workforce in the United States is restricted by noncompete agreements, which amounts to […]Read More
June 16, 2023
Pregnant Workers Fairness Act Becomes Effective June 27, 2023 Effective June 27, 2023, the Pregnant Workers Fairness Act (PWFA) requires employers with at least 15 employees to provide reasonable accommodations to pregnant employees and job applicants with temporary physical or mental limitations due to pregnancy, childbirth or related conditions. Similar to the Americans with Disabilities Act, the PWFA requires employers to provide reasonable accommodations […]Read More
January 26, 2023
New Year, New Employment Laws in Illinois“Nothing Endures But Change” said the ancient Greek philosopher, Heraclitus, and his prophetic words apply to new Illinois laws impacting employers and employees in 2023. ONE DAY REST IN SEVEN ACT The Illinois One Day Rest In Seven Act (ODRISA) provides employees with a day of rest in each workweek and meal or rest breaks […]Read More
January 3, 2023
Marijuana Amendment 3On November 8, Missourians voted “Yes” to approve Constitutional Amendment 3, legalizing recreational use and sale of cannabis throughout the state. Amendment 3 and regulations proposed by the Department of Health and Senior Services (“DHSS”) map out the next few years of Missouri licensing requirements and business regulations. The Amendment went into effect December 8, […]Read More
December 7, 2022
Tips on Rules under the Fair Labor Standards ActSummary: The U.S. Department of Labor (DOL) has issued two Final Rules addressing requirements for proper practices with tipped employees and tip pools. Restaurants which take a “tip credit” can expect ongoing legal scrutiny of their tipping practices and procedures by the DOL and private attorneys. Tip Pooling and the Role of Managers and Supervisors […]Read More
October 11, 2022
Changes in the Section 30D Electric Vehicle CreditThe recently passed Inflation Reduction Act of 2022 includes changes to the credit available for electric vehicles. The changes are complex, and phase in over time. If you are in the market for an electric vehicle, we should review the new rules to help you maximize the credit you are allowed. North American assembly requirement. […]Read More
August 29, 2022
What Happens if Coinbase Goes Bankrupt? In May 2022, the cryptocurrency exchange Coinbase announced, in an SEC Form 10-Q, that the various cryptocurrencies held on its exchange could be included as property of its bankruptcy estate should it file for bankruptcy protection. Though Coinbase followed up with public announcements attempting to allay fears of its solvency, the announcement sent shockwaves […]Read More
August 15, 2022
Schumer-Manchin Bill Looks to Tighten Carried Interest LoopholeThe recently introduced Inflation Reduction Act of 2022 addresses the taxation of carried interest. A carried interest (“carry,” “incentive,” “promote”) is a form of compensation received by a partner/fund manager in exchange for investment management services. A carried interest entitles a fund manager to future profits of a partnership, also known as a “profits interest.” Under […]Read More