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New Reporting Requirements Under the Corporate Transparency Act and the New York LLC Transparency Act

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Effective January 1, 2024, the Corporate Transparency Act (the “CTA”) requires every corporation, LLC, or other entity created by the filing of a document with a Secretary of State to file a report disclosing information regarding its beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). Those businesses created in the United States … Read more

New York Governor Hochul Vetoes Bill That Would Ban Non-Compete Agreements

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On November 30, 2023, Governor Kathy Hochul announced that she would not be signing proposed legislation that would prohibit employee non-compete agreements in New York. As we previously reported, on June 7, 2023, the New York State Senate passed Bill No. S03100 (the “Bill”), which would amend the New York Labor Law to ban the … Read more

NLRB Issues Final Rule on Standard for Determining Joint Employer Status

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On October 26, 2023, the National Labor Relations Board (“NLRB”) issued a final rule addressing the standard for determining joint-employer status under the National Labor Relations Act (“NLRA”).  The new rule is effective December 26, 2023. Pursuant to the new rule, two or more employers of the same employees are considered joint employers of those … Read more

President Biden Signs Executive Order Addressing the Use of Artificial Intelligence

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On October 30, 2023, President Biden signed the Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (hereinafter the “Executive Order”), addressing artificial intelligence issues for the American people.  Specifically, the Executive Order establishes new standards for artificial intelligence relating to safety, security, privacy, civil rights, immigration, and health care. … Read more

Reminder: New York State Pay Transparency Law Effective September 17, 2023

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As we previously reported, effective September 17, 2023, employers will be subject to the New York State Pay Transparency law.  Pursuant to the new law, employers who advertise a job, promotion, or transfer opportunity must include: (1) the compensation or a range of compensation for such job, promotion, or transfer opportunity; and (2) the job … Read more

U.S. Department of Labor Proposes to Raise the Exempt Salary Threshold

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On August 30, 2023, the United States Department of Labor (“DOL”) announced a proposed rule that would significantly increase the minimum weekly salary to qualify for the Fair Labor Standards Act (“FLSA”) white collar exemptions. The minimum salary would increase from $684 per week (the annual equivalent of $35,568) to $1,059 per week (the annual … Read more

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