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From Clingen Callow & McLean

FinCEN Updates CTA Guidance

May 13, 2024 | Client Alert

On April 18, FinCEN updated its Frequently Asked Questions regarding the Corporate Transparency Act. The FinCEN updates, like prior updates, are presented in question and answer format and address a number of issues, including who and what is subject to… Read More

CTA Compliance Obligations Continue Despite District Court Ruling

March 5, 2024 | Client Alert

The Beneficial Ownership Information (BOI) reporting obligations under the Corporate Transparency Act (CTA) continue despite a federal district court order entered on March 1, 2024, finding that the CTA is unconstitutional and unenforceable against the particular plaintiffs in that case .  Additional challenges to the ruling and CTA are expected.

Everything Old is New Again – the DOL’s “New” Standards for Determining Independent Contractor Status Under the FLSA

February 23, 2024 | Client Alert

In its now seemingly endless ping-ponging over the proper considerations for independent contractor status - depending upon which political party is in the White House  - the U.S. Department of Labor (“DOL”) last month announced its new final rule.  This rule revises the test for determining whether workers are properly considered to be employees or independent contractors under the Fair Labor Standards Act (“FLSA”).