News

The Department of Labor Rule Increasing Exempt Employee Salary Threshold Has Gone into Effect

On July 1, 2024, despite ongoing litigation challenging its validity, the Department of Labor's (DOL) rule increasing certain exempt employees’ salary threshold went into effect, with further salary threshold increases slated for January 1, 2025.  This rule relates to exempt employees, namely those who are exempt from overtime pay requirements. ...

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What’s in a Name? New York Legislature Passes LLC Transparency Act – LLCs and Their Individual Beneficial Owners Must Prepare for Disclosure (and Corporate/Tax Lawyers Prepare for More Work to Avoid It)

By Helen D. (Heidi) Reavis and Michael D. Utevsky Headline The New York Legislature passed the LLC Transparency Act (the “Act”) (S.B. S995B) in June and if Governor Kathy Hochul signs the bill into law, domestic or foreign LLCs that are operating in New York will be required to disclose their beneficial...

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The Latest from the White House – An Executive Order in Support of Increased Domestic Production of Federally Funded Inventions

By: Nafsika Karavida On July 28, 2023, President Biden signed Executive Order “Federal Research and Development in Support of Domestic Manufacturing and United States Jobs,” also known as “Invent it Here, Make it Here.”[1] The main purpose of the Executive Order (“EO”) is to boost domestic manufacturing of inventions that...

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