UPDATE: New developments again on the Corporate Transparency Act (CTA). On December 26, the court reversed its previous decision, and filing is suspended pending further litigation. Read on the latest update here. On December 23, 2024, the Fifth Circuit Court of Appeals reinstated the Corporate Transparency Act (CTA), reversing an earlier nationwide injunction that had paused... View Article
As 2024 wraps up, it’s a good time to take a step back and think about the changes this year brought for businesses everywhere. New challenges, new opportunities—what did they mean for your business? Did you feel prepared, or were there moments where you wished you had a little more support to tackle them head-on?... View Article
The 2024 Paris Olympics is a remarkable showcase of athletic prowess and international unity. Gold medal athletes have reaped the rewards of their intense training, all within the confines of strict rules set by sports federations and the Olympic Committee. Similarly, for businesses to win against the competition, they must follow strict rules set out... View Article
Time rounding is designed to streamline payroll calculations benefitting both employers and employees. The Department of Labor and Industries in Washington has historically permitted this practice, provided it adheres to a strict neutrality policy. The rule is clear: any rounding must not favor the employer. In instances where bias is evident, the scales must tip... View Article
Are we still talking about hybrid vs. remote vs. in-person workplaces? Yes, we are! The decision on workplace setups might seem settled, but with a couple of years of post-pandemic experience, we’re now seeing what people really want and need. The reality is workplace preferences vary widely. Some team members prefer to be in the... View Article
Navigating the new era of noncompete agreements is crucial for businesses, as regulatory demands for transparency are rapidly increasing. States like California, Washington, and Oregon have significantly restricted noncompetes, and the FTC has approved a nationwide ban, pending legal challenges. Multi-state employers must understand the complex interplay of federal and state laws to remain compliant. With noncompetes becoming less viable, alternative strategies such as non-disclosure agreements, confidentiality provisions, and robust trade secret management are essential to protect business interests. Employers must proactively adapt to these changes to ensure compliance and safeguard their competitive edge.
Now is the time to review your employment documents and identify any provisions that may be classified as noncompete provisions that will contravene the new Washington law and the federal Rule. Assess the potential risks these changes pose to your business and consider alternative risk management tools to safeguard your business interests. Make necessary changes to documents and processes to ensure compliance with Washington’s law. Compile a list of current and former employees impacted by the new federal Rule and be prepared to modify your documents again to comply with the Rule, should it come into effect.
In the dynamic world of business, planning for the future is as important as managing the present. The term “exit planning” isn’t just jargon; it’s a philosophy that encapsulates the essence of a well-strategized, successful culmination to your business’s lifecycle. However, the complexity of this process often overshadows its significance, leading many business owners to... View Article