By now, we all know it’s a very bad idea for anyone in the legal profession to use AI as a shortcut to real legal work. But did you know there could also be risks for defendants and plaintiffs using AI, too?
Your legal research is not automatically legally privileged.
On February 17, 2026, a...
The Supreme Court of the United States has handed down recent rulings which have far reaching effects and are controversial. One group of Citizens may view the majority opinions as "results justification" while another group may view the dissents as "ideological pandering". Whatever your...
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons
Sets New Deadlines for Foreign Companies
From FinCEN’s Announcement on March 21, 2025 –
WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the...
***Note: This is not the latest development in CTA requirements. See our CTA list of articles for the latest news.***
The whirlwind continues! FinCen has issued a statement (see below) indicating that new deadlines will be forthcoming.
Our Recommendation
Our recommendation is, once again, to...
***Note: This is not the latest development in CTA requirements. See our CTA list of articles for the latest news.***
With the February 18, 2025, decision by the U.S. District Court1, beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are...
Another Fun Holiday Reversal of Position Regarding the CTA and BOIR.
Since our last post – On December 26, 2024 a different panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court’s December 23, 2024 order granting a stay of the preliminary...
BREAKING NEWS – Requirements for filing BOIR with FinCEN are once again “live”
December 23, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s December 3 preliminary injunction enjoining the enforcement of the Corporate Transparency Act (CTA). This means...
BREAKING NEWS – Court decision on the Corporate Transparency Act (CTA) –
On Tuesday, December 3, 2024, a United States district court in the Eastern District of Texas preliminarily enjoined the enforcement of the Corporate Transparency Act (“CTA”) in its entirety nationwide, and also...
The Small Business Debtor Reorganization Act (“SBRA”) introduced Subchapter V to the U.S. Bankruptcy Code in 2019, offering a streamlined and cost-effective Chapter 11 bankruptcy process specifically designed for small businesses.
Debt Limit Changes
Initially, Subchapter V was available to...
Ushering in a new era in the Texas court system, the Texas Business Court and Fifteenth Court of Appeals, created by House Bill 19, began hearing cases on September 1, 2024. As previously explained by Holmes Firm PC shareholder JD Reed, the Business Court offers a specialized forum to litigate...
What Does the FTC Non-Compete Rule Say?
On January 19, 2023, the Federal Trade Commission (“FTC”) proposed what’s known as the “Non-Compete Rule,” which would “prohibit employers from entering into non-compete clauses with workers starting on the rule’s compliance date” and “require...
When forming a new entity, business owners are often keen on the idea of forming a Limited Liability Company (“LLC”). With its limited liability for owners, pass-through of income and flexibility to choose method of taxation – it’s the most ideal choice for new business owners.
Benefits to LLCs...
While workers are major assets to a business, they can also become major liabilities.
To mitigate risks, businesses often rely on non-compete agreements, non-disclosure agreements, non-solicitation agreements, and confidentiality agreements. However, the permissible scope of these agreements is...
From executive orders to federal agency rules and Supreme Court decisions, the United States is in no short supply of popcorn-worthy drama regarding the enforceability of vaccine mandates. Right now, we know blanket vaccine mandates will fail, but targeted vaccine mandates to healthcare...
