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 …
The Federal Trade Commission (FTC) implemented a new final rule prohibiting employers from enforcing non-compete agreements against 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. Non-compete agreements have traditionally restricted employee mobility by preventing workers from joining competing …
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 …
The risk of suffering a data breach has never been higher. Small businesses are three times more likely than larger businesses to be targeted by cybercriminals.[1] The costs of a cyberattack, both in terms of financial and reputational damage, can be devastating to small businesses. Although many business owners are aware of the risks of a cyberattack, they have not …
You have spent years building your business, but at some point, the time will come for you to sell the company and exit. While many business owners choose to keep the company in the family, that is not always realistic. Family members may not have the interest or skills needed to run the business. In such cases, selling the company …
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 …