In a significant development for labor law and worker classification in the United States, the Department of Labor (DOL) announced a final rule on Tuesday that revises the interpretation of the Fair Labor Standards Act's (FLSA) classification provision. This rule aims to provide clearer criteria for determining whether a worker may be considered an independent contractor.
Read MoreThe Corporate Transparency Act (CTA), a landmark regulation in the United States, has ushered in a new era of corporate responsibility and transparency. This act requires businesses to disclose their beneficial owners, aiming to prevent and combat money laundering, terrorist financing, and other illicit activities. As business owners and entrepreneurs, it's crucial to understand the implications of this act and adhere to its requirements.
Read MoreNon-compete agreements are facing increased scrutiny, with the National Labor Relations Board (NLRB) joining the fray. This Memo follows the Federal Trade Commission’s (FTC) recent proposal to ban most non-compete restrictions, providing very limited exceptions. In a recent memo, the NLRB's General Counsel Jennifer Abruzzo stated that non-competes in employment and severance agreements generally violate the National Labor Relations Act (NLRA). This development raises concerns for employers, but it's essential to understand the memo's limitations and potential challenges the NLRB may encounter.
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