Kemp Klein

LEGISLATIVE UPDATES

Important Information and insight on major new legal developments.

CORPORATE TRANSPARENCY ACT COMPLIANCE

The new federal regulation is now in effect as of January 1, 2024, known as the Corporate Transparency Act (the “CTA”). This mandatory reporting regulation will very likely impact you and your company(ies). The goal of the CTA is to prevent money laundering and financially-related criminal activity. 

§§ 6401-6403

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FTC TRADE COMMISSION FINAL RULE BANNING NON-COMPETE AGREEMENTS

The Federal Trade Commission (FTC) Final Rule was published April 23, 2024. The Federal Trade Commission Final Rule bans non-compete agreements in the employment context. The final rule bans new noncompetes with all workers, including senior executives after the effective date.

RIN 3084-AB74

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