THE SSP FIRM BLOG

In April, 2024, the U.S. Department of Labor (DOL) announced a new rule that would increase the minimum salary requirements for the “white collar” exemptions (i.e., executive, administrative, and professional exemptions) from minimum wage and overtime pay requirements under the Fair Labor Standards Act (FLSA) in two stages. This rule, which took effect on July […]

This serves as an update to our April 25, 2024 post, FTC’s Final Rule Banning Non-Compete Agreements. On August 20, 2024, Judge Ada Brown in the U.S. District Court for the Northern District of Texas struck down the FTC’s final rule banning non-compete agreements. Specifically, the court entered a final judgment blocking the final rule

Summary of FTC’s Final Rule Banning Non-Compete Agreements   As many of you are aware, this past Tuesday, April 23, 2024, the Federal Trade Commission approved, by a 3-2 vote, a final rule (Non-Compete Clause Rule) banning non-compete agreements for nearly all workers in the United States with very limited exceptions. The final rule provides

Authored by Lisa M. Rammes, Esq. On January 1, 2024, the new Beneficial Ownership Information (BOI) reporting requirements adopted by the Financial Crimes Enforcement Network (FinCEN) went into effect. Less than a month later, business owners are already receiving communication from third parties trying to collect a fee and gather information regarding the business and

What Is Beneficial Ownership Reporting? As you may have heard, the U.S. Treasury Department recently adopted final rules implementing the beneficial ownership reporting requirements that originally were introduced under the Corporate Transparency Act (CTA), part of the Anti-Money Laundering Act of 2020. The CTA was designed to identify corporate shells and curtail the use of

Authored by Kurt R. Friedmann and Andrea B. Neuwirth On February 11, 2022, the Ohio Revised Limited Liability Company Act (the “Act”) went into effect, governing all domestic and foreign limited liability companies registered to do business in Ohio. The Act is a complete restatement of the previous laws governing Ohio LLCs, and as such,

Authored by Joshua M. Smith and Matthew D. Soaper This serves as an update to our November 19, 2021 post, “The OSHA Vaccine Mandate: Where it Stands and Where it’s Headed” and December 21, 2021 post, “Update to The OSHA Vaccine Mandate: Where it Stands and Where It’s Headed.” As a reminder, this post focuses primarily on the vaccine

Authored by Joshua M. Smith and Matthew D. Soaper This serves as an update to our November 19, 2021 post, “The OSHA Vaccine Mandate: Where it Stands and Where it’s Headed.”1 As a reminder, this post only concerns the vaccine mandate to private employers with 100 or more employees. Other mandates, including for federal employees, federal

Authored by Joshua M. Smith and Matthew D. Soaper As many know, the Biden Administration recently unveiled a vaccine mandate for all private employers with 100+ employees (the “Mandate”). The Mandate generally requires those private employers to obtain their employees’ vaccination status, and require COVID-19 testing each workweek for those who remain unvaccinated 1 Since the

Covid-19 Update We hope that you and your family are staying safe and healthy during this difficult time. In light of numerous state and federal actions in response to the COVID-19 outbreak, including the recent passage of federal legislation related to employee paid leave benefits (H.R. 6201), we wanted to provide you a general update