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On Tuesday, December 3, 2024, a federal court in Texas issued an order that: (1) enjoins the CTA, including enforcement of that statute and regulations implementing its beneficial ownership information reporting requirements, and, specifically; and (2) stays all deadlines to comply with the CTA’s reporting requirements. Prior to the order, the CTA required companies to file a … FEDERAL COURT BLOCKS REQUIREMENT FOR COMPANIES TO FILE BENEFICIAL OWNERSHIP INFORMATION (BOI) WITH FINCEN AS REQUIRED BY THE CORPORATE TRANSPARENCY ACT (CTA)
Continue Reading about FEDERAL COURT BLOCKS REQUIREMENT FOR COMPANIES TO FILE BENEFICIAL OWNERSHIP INFORMATION (BOI) WITH FINCEN AS REQUIRED BY THE CORPORATE TRANSPARENCY ACT (CTA)The newly-enacted Corporate Transparency Act (CTA) will require many businesses (such as corporations or limited liability companies) to disclose the names of the companies’ beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This article explains basic information about the newly enacted law and what is required of each reporting company. I. What is the … The Corporate Transparency Act: What you need to know
Continue Reading about The Corporate Transparency Act: What you need to knowLoren & Kean Law is proud and excited to announce that Allen Heffner and Kyle Ohlenschlaeger have become Partners and Frank Sardinha has become Of Counsel. Allen, Kyle and Frank are integral members of our firm who have been instrumental in the growth of the firm over the last 8½ years, and its continued and … CONGRATULATIONS TO OUR NEW PARTNERS AND OF COUNSEL
Continue Reading about CONGRATULATIONS TO OUR NEW PARTNERS AND OF COUNSELBusinesses deal with contracts on a daily basis—employment agreements, leases, construction agreements, purchase agreements, etc. However, even the most meticulously crafted agreements may encounter unforeseen circumstances that disrupt the normal course of business. In such instances, the force majeure clause becomes a vital component, providing a framework safety valve to address unexpected events that are … Understanding Force Majeure Clauses in Contracts
Continue Reading about Understanding Force Majeure Clauses in ContractsThe EEO-1 Report is an often-overlooked element of labor law compliance that clients are sometimes surprised to learn about. If you are a private employer with at least 100 employees (or a federal contractor with at least 50 employees) you have the obligation to annually submit workforce demographic data to the Equal Employment Opportunity Commission … Employer Compliance with EEOC Demographic Reporting
Continue Reading about Employer Compliance with EEOC Demographic ReportingLoren & Kean Law secured resounding victories for their clients this past month. First, in an appellate case that centered around a tenant’s claim to possession of real property, Allen Heffner with Bruce Loren, successfully represented a landlord in an appeal by the tenant of the trial court’s order granting summary judgment of eviction. … RECENT VICTORIES OF LOREN & KEAN LAW
Continue Reading about RECENT VICTORIES OF LOREN & KEAN LAWThe Notice of Assignment is probably the single most important document for a Factor. Understanding what needs to be included in the Notice of Assignment, how to send it, and who to send it to can mean the difference between getting paid and not. Despite the fact that every Factor is (or should be) familiar … THE NOTICE OF ASSIGNMENT: A REFRESHER COURSE
Continue Reading about THE NOTICE OF ASSIGNMENT: A REFRESHER COURSEOften, a company’s most valuable assets can be its “trade secrets.” The formula for Coke holds an immense value for Coke. What makes a trade secret so valuable is the fact that the secret is truly secret. What is a trade secret? Congress has defined a trade secret in a broad sense as all forms … How to Keep Your Trade Secrets “Secret”
Continue Reading about How to Keep Your Trade Secrets “Secret”Contractors commonly enter into subcontracts with the same party concerning numerous, separate projects. These subcontracts sometimes contain “cross-default” provisions, which have significant implications on all outstanding subcontracts. You should know what a cross-default provision is, how to spot one, and how to use one for the benefit of your own business. What is a cross-default … Cross-Default Provisions in Construction Contracts
Continue Reading about Cross-Default Provisions in Construction ContractsWaiting to get your retainage payout is an unfortunate reality for many subcontractors. Whether it is because there is work from others that needs to be completed, there is a dispute not involving your work between the owner and general contractor, or any number of other reasons, you continue to request payment and the only … Accepting a Reduced Final Payment – The Project Close-out Change Order
Continue Reading about Accepting a Reduced Final Payment – The Project Close-out Change Order
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