Sign up now: Fall HR Training Webinars

Foulston’s popular HR Training Series returns this fall – Designed to benefit HR professionals, business owners, and managers, these sessions deliver practical guidance on key employment law issues and offer the opportunity to ask questions and get real-time answers from our experienced employment law attorneys. Whether you’re new to HR, a seasoned pro, or just… Continue reading Sign up now: Fall HR Training Webinars

Missouri Governor and Legislature Repeal Earned Paid Sick Time Law

Despite a pending legal challenge, the initial deadline under Missouri’s new Governor Kehoe signed HB 567, legislation repealing Missouri’s earned paid sick time law. The short-lived paid sick time law became effective May 1, after Missouri voters approved Proposition A in the November 2024 election, and it will officially end on Aug. 28, 2025. In addition… Continue reading Missouri Governor and Legislature Repeal Earned Paid Sick Time Law

FinCEN Eliminates Corporate Transparency Act Reporting Obligations for Domestic Companies and U.S. Persons

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that significantly narrows the scope of the beneficial ownership information (“BOI”) reporting requirements under the Corporate Transparency Act (“CTA”). As expected, based on its announcement on March 2, the interim rule narrows the CTA’s reporting obligations to foreign reporting companies only.… Continue reading FinCEN Eliminates Corporate Transparency Act Reporting Obligations for Domestic Companies and U.S. Persons

U.S. Department of Treasury Announces Substantial Changes to CTA Enforcement with Unclear Effects

On Mar. 2, 2025, the U.S. Department of Treasury (“Treasury”), the parent agency of the Financial Crimes Enforcement Network (“FinCEN”), announced that it will not impose penalties or fines for noncompliance with the Corporate Transparency Act (“CTA”) against U.S. citizens or domestic reporting companies. This follows FinCEN’s Feb. 27, 2025, statement temporarily suspending CTA enforcement—including… Continue reading U.S. Department of Treasury Announces Substantial Changes to CTA Enforcement with Unclear Effects

Missouri Employers: Deadline to Implement Paid Sick Time Under Missouri Proposition A is April 15, 2025

Despite a pending legal challenge, the initial deadline under Missouri’s new earned paid sick time (“PST”) law is looming, and employers should begin preparing now. Proposition A, which amended Missouri’s Minimum Wage and Overtime Law, requires employers to provide PST to all employees working in Missouri, including part-time and temporary employees. By April 15, 2025, employers… Continue reading Missouri Employers: Deadline to Implement Paid Sick Time Under Missouri Proposition A is April 15, 2025

Supreme Court Stays Injunction in One Case, but CTA Compliance Remains Temporarily on Hold Pending Other Appeal

In the latest development surrounding the Corporate Transparency Act (“CTA”), on Jan. 23, 2025, the United States Supreme Court stayed a nationwide injunction previously issued by a Texas federal court in Texas Top Cop Shop, Inc. v. McHenry (Case No. 4:24-cv-478, E.D. Tex., formerly Texas Top Cop Shop v. Garland). Ordinarily, the Supreme Court’s decision would have reinstated… Continue reading Supreme Court Stays Injunction in One Case, but CTA Compliance Remains Temporarily on Hold Pending Other Appeal

Corporate Transparency Act Compliance Once Again Temporarily Suspended Nationwide

Once again, reporting companies are temporarily relieved from complying with the Corporate Transparency Act’s (“CTA”) requirement to report beneficial ownership information (“BOI”) to the Financial Crimes Enforcement Network (“FinCEN”). On Dec. 26, 2024, a different panel of the United States Court of Appeals for the Fifth Circuit, in Texas Top Cop Shop, Inc. v. Merrick Garland,… Continue reading Corporate Transparency Act Compliance Once Again Temporarily Suspended Nationwide

Reporting Companies Must File Beneficial Ownership Information by Jan. 13, 2025, After Fifth Circuit Grants Stay of Nationwide Injunction of Corporate Transparency Act

A recent ruling by the United States Court of Appeals for the Fifth Circuit has reinstated the Corporate Transparency Act’s (“CTA”) beneficial ownership information (“BOI”) reporting obligations, although the filing deadline for many reporting companies has been extended to Jan. 13, 2025. On Dec. 23, 2024, the Fifth Circuit granted the federal government’s emergency motion… Continue reading Reporting Companies Must File Beneficial Ownership Information by Jan. 13, 2025, After Fifth Circuit Grants Stay of Nationwide Injunction of Corporate Transparency Act

Corporate Transparency Act Compliance Temporarily Suspended Nationwide

On December 3, 2024, a United States District Court for the Eastern District of Texas issued a preliminary, nationwide injunction blocking enforcement of the Corporate Transparency Act (“CTA”). As of this publication, reporting companies nationwide are not required to report their beneficial ownership information (“BOI”) and the CTA’s compliance deadline is stayed, including the Jan.… Continue reading Corporate Transparency Act Compliance Temporarily Suspended Nationwide