Thursday, April 25, 2024
Summary of FTC’s Final Rule Banning Non-Compete Agreements
As many of you are aware, this past Tuesday, April 23, 2024, the Federal Trade Commission approved, by a 3-2 vote, a final rule (Non-Compete Clause Rule) banning non-compete agreements for nearly all workers in the United States with very limited exceptions. The final rule provides that it is an unfair method of competition for an employer to enter into non-compete agreements with workers on or after the final rule’s effec
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Thursday, February 1, 2024
On January 1, 2024, the new Beneficial Ownership Information (BOI) reporting requirements adopted by the Financial Crimes Enforcement Network (FinCEN) went into effect. Less than a month later, business owners are already receiving communication from third parties trying to collect a fee and gather information regarding the business and its owners. SSP is providing this caution to ensure that business owners do not fall prey to what appears to be a fraudulent scheme.
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Friday, December 8, 2023
As you may have heard, the U.S. Treasury Department recently adopted final rules implementing the beneficial ownership reporting requirements that originally were introduced under the Corporate Transparency Act (CTA), part of the Anti-Money Laundering Act of 2020. The CTA was designed to identify corporate shells and curtail the use of such entities for money laundering schemes....
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