As of January 1, 2024, the federal Corporate Transparency Act of 2024 (“CTA”) requires many small and medium-sized businesses to file a report with the United States Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). The report must contain...
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Can a company prevent former employees from working elsewhere?
Certain positions within an organization require the disclosure of proprietary information that, if leaked, could potentially harm a company’s future. In situations like these, a non-compete agreement can help protect business interests. Meanwhile, experience can be...
SEC Charges Four Individuals in Unauthorized Trading
On March 31, 2020, the SEC filed a complaint against four individuals for allegedly operating a fraudulent unauthorized trading scheme. The complaint filed in the United States District Court for the Eastern District of New York alleges defendants Jonah Engler, Joshua...
Major Revision to the Illinois Limited Liability Company Act
In July 2017, the Illinois LLC Act underwent a variety of substantive changes affecting everything from how an LLC is organized with the Illinois Secretary of State to the ability of its of members to disclaim certain fiduciary duties. The following is a list of some...