The Kentucky medical marijuana law marks a significant shift in the state’s approach to cannabis regulation. On January 1, 2025, Kentucky joined the growing number of states legalizing medical marijuana with the implementation of the Medical Marijuana Act. While this landmark legislation creates new opportunities for medical treatment, it also raises important questions for employers […]
Starting a new business? Understanding business charter name and/or trademark protection could save you thousands of dollars in costly rebranding and legal disputes. As a trademark attorney and former USPTO Examining Attorney with over 45 years of experience, I’ve witnessed countless businesses face devastating consequences from inadequate charter name and/or trademark research clearance whenever a […]
In a move that seems perfectly timed to disrupt holiday business planning, the Corporate Transparency Act (CTA) has hit another roadblock, with the U.S. Court of Appeals for the Fifth Circuit suspending BOI reporting requirements that were set to take effect in January 2025. Corporate Transparency Act deadline is suspended, for now. This latest development […]
On August 20, 2024, the U.S. District Court for the Northern District of Texas issued an order officially setting aside the FTC’s Final Rule Banning Non-Competes (the “Ban”). The Ban had previously been blocked on a tempory basis and only as to the parties who filed that lawsuit in Texas. The FTC’s Ban is now […]
Months after the Corporate Transparency Act (CTA) went into effect, a federal court has found it unconstitutional, ruling that it exceeds the Constitution’s limits on Congress’ power. On March 1, 2024, U.S. District Court Judge in Alabama issued a 53-page opinion granting summary judgment for the National Small Business Association and held that the Corporate […]
On September 18, 2023, the US Department of Treasury Financial Crimes Enforcement Network (FinCEN) published its Small Entity Compliance Guide. The new FinCEN guide assists businesses in reporting beneficial ownership information (i.e., individuals who directly or indirectly own or control a company). It provides a useful collection of Corporate Transparency Act – Background In September […]
On January 5th, the Federal Trade Commission issued a notice of proposed rulemaking that seeks to implement a nationwide retroactive ban on non-compete agreements, with limited exceptions. The proposed rule would supersede state laws that are less protective of employees. If enacted, the rule would amount to a near-total ban on the use of non-compete […]
On March 9, 2022, the Senate Bill 6 – the Kentucky NIL law – was signed into law by Governor Andy Beshear. The new law will allow Kentucky NCAA student athletes to earn compensation from the use of their Name, Image, and Likeness (“NIL”), an opportunity formerly prohibited by the NCAA. Kentucky student athletes can […]
On March 22, 2022, the Kentucky Supreme Court issued an order which rescinded a previous order requiring residential eviction proceedings be delayed 14 days. Under the previous order, residential eviction proceedings for non-payment of rent were required to be continued for 14-days so long as the tenant appeared at the initial hearing. The new order […]
Commonwealth Counsel Group represented a large technology company in connection with a $6.5 million redemption of the membership interest of one of the founders of the company. The transaction involved extensive negotiations and documentation on a variety of issues and was successfully closed in short order, allowing a smooth and efficient transfer of control of […]