Guala Law Firm, P.A.

Those using non-competes take note: The FTC just issued a final rule banning non-competes nationwide, aiming to boost worker freedom and business innovation. This will impact businesses and their workers throughout the country. Under the rule, most non-competes for workers will be unenforceable. The FTC’s rule banning noncompetes takes effect 120 days post Federal Register publication. As a few points: For senior executives, non-competes existing before the final rule’s effective date can remain in force. No entering/enforcing new non-competes with senior executives. Senior executives are considered workers earning more than $151,164 annually and who are in policy-making positions. Existing non-competes with other workers are no longer enforceable after the effective date. The rule also requires employers to provide notice to workers with existing non-competes that they are no longer enforceable. Businesses are likely to have concerns about safeguarding their trade secrets and confidential business information. They might have alternatives like having workers enter into non-disclosure agreements (NDAs) and confidentiality agreements designed to protect that information. It will be interesting to see how this unfolds and whether the rule causes the intended effects on business, if the rule survives legal challenge. The U.S. Chamber of Commerce has already said it will sue to block the rule. A link to the FTC’s release about this rule is in the comments below. #glawfl #business #law #noncompete

Tomorrow: Don’t miss our webinar on this new law impacting millions of businesses and entities and their attorneys. Join us at 12:00 p.m. tomorrow, March 21st, 2024 via Zoom. A registration link is in the comments below. #glawfl #corporatelaw #corporate #business #law

Guala Law Firm, P.A. is here to help you with mediation of your condominium and homeowners’ association cases and presuit disputes. View our live calendar online at the link in the comments. #glawfl #mediation #mediationservices #mediator #condo #hoa

The Corporate Transparency Act – The Questions Attorneys and Companies Should Be Asking At noon on Thursday, March 21, 2024, attorneys Peter Guala and Morrie Levine will be presenting a CLE on the questions that attorneys and companies should be asking about the Corporate Transparency Act. Join them on Zoom. No cost for BCBA members and the BCBA Judiciary. $35 for non-members. A link to register for this March 21st CLE can be found in the comments below. #glawfl #corporatelaw #corporate #business #law

Corporate Transparency Act Ruled Unconstitutional in Nat'l Small Bus. United v. Yellen - What Does It Mean? On March 1, 2024, a federal district court (United States District Court for the Northern District of Alabama, Northeastern Division) issued an opinion holding that the Corporate Transparency Act (CTA) is, in short, unconstitutional. What does it mean for companies? It initially seems that the court's ruling is being taken to prohibit Corporate Transparency Act (CTA) enforcement only "against the plaintiffs" the National Small Business Association itself and its certain member (Isaac Winkles). Also, it appears an appeal is expected. See Nat'l Small Bus. United v. Yellen, No. 5:22-cv-1448-LCB, 2024 U.S. Dist. LEXIS 36205 (N.D. Ala. Mar. 1, 2024). As such, it seems advisable for companies to continue to comply with the CTA's reporting requirements until further legal guidance becomes available. A link to FinCEN's notice regarding this March 1st ruling in Nat'l Small Bus. United v. Yellen can be found in the comments below.  #glawfl #corporatelaw #corporate #business #law

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Last evening attorneys Peter Guala and Morrie Levine had the privilege of presenting "The Questions You Should Be Asking About The Corporate Transparency Act" to the Palm Beach County Solo and Small Firm Group, a meeting of attorneys from various practice areas. Their aim was to enhance awareness of this recently effective federal law, considering its widespread impact on virtually everyone present as business owners, as well as their clients and those they know within the business community. #glawfl #corporatelaw #corporate #business #law

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January 17, 2024, Ft. Lauderdale:   Florida attorneys Morrie I. Levine, Esq. (right) and Peter Guala, Esq. (left) presented “The Corporate Transparency ACT - A Brief Overview of Critical Components” before the Broward County Bar Association Solo/Small Law Firm Networking Group. #bcba #attorneys #florida #barassociation   #browardcounty Peter Guala Broward County Bar Association

Peter Guala spoke regarding the Corporate Transparency Act at the Weston Leaders Group of the Weston Florida Chamber Of Commerce. He presented the group with a guide to key essentials of this newly effective federal law that requires many companies doing business in the United States to report information about the individuals who own or control them by filing beneficial ownership information (BOI) reports to FinCEN. Contact this law firm for help with your business and corporate law matters including these BOI reports. #glawfl #corporatelaw #corporate #business #law