On 8/20/2024, a Texas District Court gave employers and employees the long-awaited answer to questions surrounding the enforceability of the FTC Non-Compete Clause Rule banning non-competition clauses. Read more; however, for now, non-compete clauses will remain in effect and employers no longer need to comply with the Rule’s September 4, 2024 effective date.
Corporate Law
Premises liability claims in Georgia have been a hot topic in the Georgia General Assembly and in the appellate courts for a number of years, but recent developments indicate that more changes may be coming soon. Two competing proposed bills considered during the 2023-2024 Regular Session that were not enacted demonstrate this.
On May 7, 2024, the Federal Trade Commission (FTC) published a final rule effectively banning the use of many non-competition clauses. The rule will become effective on September 4, 2024, requiring employers to discontinue non-competition clauses for some employees and notify some of the invalidity. Contact FH2 for assistance in reviewing your non-competition agreements.
FH2’s corporate team will continue to monitor proposed CON legislation and other Certificate of Need developments in Georgia and is available to assist healthcare providers with Certificate of Need questions and issues, including how these changes may impact both operations and asset transfers and sales for healthcare providers in Georgia.
(Updated February 1, 2024) On January 1, 2024, the requirements of the Corporate Transparency Act (“CTA”) will take effect. Under the CTA, many small businesses are required to file reports disclosing information about their business and its ownership. Will your company be ready? Read more and learn how we can assist.