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Corporate Transparency Act takes aim at financial crime

meeting room with business plan documents ready for presentation - Deposit Photos

Effective Jan. 1, the Corporate Transparency Act (CTA), requires most small and medium-sized businesses to disclose detailed ownership information directly with the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). The CTA is intended to enhance transparency regarding ownership and ...

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Noncompete agreement deemed enforceable

Employee noncompete agreement

The Rhode Island Supreme Court has upheld a Superior Court judge’s decision to grant a pest-control company’s request to enforce a former employee’s non-competition agreement. “The noncompetition agreement at issue is a product of a lawful, bargained-for exchange based on ...

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Generative AI – What large and small businesses need to know

Generative AI concept

In 2023 ProArch’s most downloaded piece of content on their website was a free AI Policy Template, which helps businesses provide clear guidelines and expectations for the ethical use of AI tools, ensuring privacy, data security, transparency, and accountability in ...

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Navigating I-9 self-audit misconceptions

Open office interior

Many of my articles discuss the gray area where a misconception can lead to legal exposure related to discrimination, harassment, or retaliation. And while those are real areas of concerns that center around a narrative we intrinsically understand (for example, ...

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Cybersecurity: Have passwords become passé?

Cybersecurity

Passwords have long been a way to authenticate a user’s identity, proving that an individual has the right to access certain files or data. But sophisticated hackers and nation-states are getting better at cracking them, and some cyber security managed ...

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When listening to employees, it’s about more than words

Listening during meeting

Let’s walk through a somewhat common scenario in the world of HR. An employee walks into your office and says, “I have something I need to tell you, but I don’t want you to do anything about it. Remember Bruce ...

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Employers prefer older workers, survey says

Empty office

Nearly 40% of U.S. employers avoid hiring recent college graduates for positions they are eligible for in favor of older candidates, a new survey reveals. Six in 10 of the employers who steer clear of Gen Z job candidates said ...

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Reductions in force can bring legal risk

Reduction in force

The WARN Act is a federal labor law that extends protections to workers and community members in cases of mass layoffs or plant closures. The purpose of the law is to provide employees with adequate notice of a layoff so ...

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Corporate Transparency Act guidelines to know

Business meeting

Beginning Jan. 1, the Corporate Transparency Act will require certain U.S. legal entities and foreign entities registered to do business in the United States that qualify as “reporting companies” to file Beneficial Ownership Information (BOI) with the U.S. Treasury’s Financial ...

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Federal appeals court revives securities fraud claims

Biogen building

Investors could bring a securities fraud class action alleging that statements a biotech executive made about the results of an Alzheimer’s drug’s clinical trials were misleading, the 1st U.S. Circuit Court of Appeals has found. Alfred W. Sandrock Jr., chief ...

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