On December 3, 2024, the U.S. District Court for the Eastern District of Texas declared the Corporate Transparency Act unenforceable and issued a nationwide preliminary injunction,[1] which effectively blocks the law from going into effect. As a reminder, the CTA was signed into law in 2023 and was scheduled to take effect in 2024. The law was enacted as part …
The Federal Trade Commission (FTC) has recently issued a new final rule prohibiting all employers from enforcing non-compete agreements against their employees. A non-compete agreement essentially bans a worker from moving to another employer within the same industry for a set period of time, citing the employer’s privacy and competition concerns. Workers have long protested the agreements, citing that they …
Wow—15 years! It’s hard to believe that Rincker Law has been serving clients for a decade and a half. And in true fashion, I realized that I never even did a 10-year anniversary blog! But life moves fast when you’re dedicated to building a business, serving clients, writing books, launching podcasts, and, of course, becoming a mother. To mark this …
Rincker Law, PLLC is a nationally recognized law firm with offices in Illinois, Connecticut, Kentucky, New Jersey, New York, and Texas. Our firm is dedicated to providing exceptional legal services to help individuals, who are part of families, to strengthen our communities. We believe strong families, especially agriculture families, strengthen our communities. And we love our communities. That is what …
We are thrilled to introduce Chelsea Jannereth as the newest Associate Attorney at Rincker Law, PLLC in our Champaign office! Chelsea joins us with a wealth of experience in family law and civil litigation, and we couldn’t be more excited to have her as part of our team. Chelsea has a passion for collaborative law and mediation, which perfectly aligns …
We are excited to shine the spotlight on Linda Gibson, a valued member of our team at Rincker Law, PLLC in Champaign, Illinois. As a skilled paralegal, Linda brings years of expertise and dedication to our firm, supporting our attorneys in managing complex legal cases across various practice areas, including guardianships. Linda’s journey in the legal field has been marked …
Small businesses have been rushing to better understand the implications of the newly enacted Corporate Transparency Act (“CTA”), which entered into effect on January 1, 2024. The CTA applies to over 32 million businesses in the United States, including many companies that filed a document with any secretary of state office. The CTA includes a new reporting requirement for small …
Due diligence is the process of obtaining and verifying information about a company or person in preparation for a business transaction, such as an acquisition, merger, or potential new business partner. Generally, due diligence provides information about the company being considered for purchase and its operations, with an eye toward risks that could cause future problems. Obtaining details about pending …
Small business owners are no strangers to government regulations. There are many requirements that businesses must be aware of and comply with, including business license and permit rules. Most businesses must obtain licenses or permits, so it is important for each business to know which ones it needs. Business operations are regulated at the federal, state, and local levels. Each …
Starting a business involves a certain amount of inherent risk. There are no guarantees that the founders of a company will get along, a product or service will sell, or market conditions or competitors will not create unforeseen problems. While entrepreneurs must be willing to take a leap of faith, there are steps they can take to reduce risk, both …
Most US businesses have a pass-through taxation structure: they are not subject to corporate tax. Instead, they have their income “pass through” to their owners to be taxed on their individual income tax returns. Pass-through businesses have simpler filing and a lower tax rate than C corporations because they avoid double taxation. Pass-through business owners must pay self-employment taxes, however, …
Small business owners often wear many hats. On any given day, they might dabble in customer service, human resources, accounting, bookkeeping, and legal matters. Resilient, confident, and flexible by nature, entrepreneurs often welcome the challenge to learn new skills by working outside of their core competencies. But for some matters, not working with an experienced professional can be counterproductive. Contracts …