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Business Law
BUSINESS LAW
Guiding your company through formation, expansion, and succession
In today's business environment, financial and legal issues are intertwined more than ever before. Whether you are an entrepreneur or own an established business, as your business evolves from formation to expansion to crafting an exit strategy, your legal needs change. Whether your business is small or large, every business needs effective legal representation. The business attorneys at Lavelle Law will guide you through your company's growth cycle, from beginning to end.
Our Services
- Annual Compliance and Corporate Formalities
- Business Litigation
- Business Succession Planning
- Corporate Transparency Act and Beneficial Ownership Information Reports
- Customer-Supplier Agreements
- Cybersecurity and Data Privacy
- Deferred and Incentive Compensation Plans
- Director and Officer Representation
- Employee Stock Ownership Plans
- Franchise Law
- Intellectual Property, Copyrights, Trademarks
- International Trade Law
- Mergers and Acquisitions
- Negotiating and Documenting Business Transactions
- Operating, Shareholder, and Buy-Sell Agreements
- Restricted and Phantom Stock Plans
- Startups, Formations, and Choice of Entity
OUR BUSINESS LAW TEAM
Business Law Posts
Lavelle Law News and Events
This article will serve as another update to the ongoing Corporate Transparency Act developments. As of February 17, 2025, a federal judge in the Eastern District of Texas lifted the injunction it had ordered on January 7, 2025, in Smith v. U.S. Department of the Treasury, 6:24-cv-00336 (E.D. Tex.), allowing the federal government to once again enforce the Corporate Transparency Act and its Beneficial Ownership Information Report requirements.
On December 11, 2024, we published an article titled “Corporate Transparency Act on Hold: Key Implications for Businesses,” which addressed the nationwide injunction impacting the enforcement of the Corporate Transparency Act and its Beneficial Ownership Information Reporting rule.
Since then, there have been a few significant legal developments that businesses should monitor closely. While the Financial Crimes Enforcement Network is currently prohibited from enforcing BOIR requirements, ongoing litigation, and the related appeals may alter this status. Below, we provide a timeline of key events and insights into what business owners should anticipate moving forward.
The Fair Labor Standards Act (FLSA) establishes federal minimum wage and overtime pay requirements, with exemptions for employees in bona fide executive, administrative, professional, computer or outside sales roles. 29 U.S.C. § 213. Employees classified as "outside sales" must primarily engage in making sales or obtaining contracts for services or the use of facilities, and they must conduct their work primarily away from their employer’s place of business. 29 C.F.R. § 541.500.
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